Market Overview:
The global piano market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising demand for pianos from emerging economies, increasing adoption of digital pianos, and growing popularity of music education. In terms of type, the grand piano segment is expected to hold the largest share in the global piano market during the forecast period. This can be attributed to its superior sound quality and large size as compared to other types of pianos. In terms of application, performance is expected to be the largest segment in terms of revenue contribution during the forecast period.
Product Definition:
A piano is a musical instrument that has a keyboard and is played by pressing the keys with your fingers.
Grand piano:
Grand piano is the largest and most important type of piano. It has a keyboard with 88 keys. The main difference between a grand and an upright piano is that the latter has lowercase "g" keys, 14 upper-register strings, and usually closed lid.
Upright piano:
An upright piano is a piano with the lid closed. It has been one of the most popular types of pianos in history and it is also among the smallest. They are called so because they stand up straight without being sloped or curved like a grand piano. While they have less tone volume and resonance than a grand, their short length makes them much easier to move around than an average sized concert hall would allow for any other kind of piano.
Application Insights:
The performance application segment dominated the global piano market in 2017. This is attributed to the rising number of live performances and recordings by famous artists across the world. Demand for pianos for performance has seen an increase due to their ability to create a comfortable sound environment and enhance its aesthetic value. These are widely used in hotels, restaurants, pubs, discotheques, clubs and other similar places where music is played for entertainment purposes only.
The learning & teaching application segment accounted for a share of 25% in 2017 owing to increasing demand among students from beginner level up to professional level who are looking forward towards imparting training on playing piano as well as other keyboards instruments like synthesizers or drums kits at an early age along with developing good listening & memory skills which helps them develop into better adults capable of understanding different sounds & rhythms easily thereby promoting educational growth positively influencing future demand generation over the forecast period.
Regional Analysis:
North America dominated the global piano market in 2017. The region is expected to maintain its position during the forecast period. Factors such as increasing number of music concerts, rising popularity of live music are projected to drive demand for pianos in this region. Furthermore, growing interest among people towards Piano Tutor Apps is anticipated to fuel product demand over the next eight years.
Asia Pacific and Middle East & Africa are expected to grow at a significant rate over the forecast period owing to increasing awareness regarding benefits offered by these products especially with respect learning and teaching applications in these regions coupled with growing population.
Growth Factors:
- Increasing demand for pianos from the music education sector as students are exposed to learn and play piano at an early age.
- Rising popularity of classical and contemporary music, which has led to an increase in demand for pianos across all segments.
- Growing number of professional piano players and enthusiasts, who are driving the market for high-end and premium segment pianos.
- Proliferation of digital media platforms such as YouTube that have helped in popularizing the art of playing piano among a wider audience base worldwide. 5) Technological advancements in manufacturing processes that have resulted in the development of lighter weight and more affordable pianos, making them more accessible to a larger population
Scope Of The Report
Report Attributes
Report Details
Report Title
Piano Market Research Report
By Type
Grand piano, Upright piano
By Application
Performance, Learning and teaching, Entertainment
By Companies
Yamaha Pianos, KAWAI, Samick, Youngchang, Steinborgh, Steinway, Bechstein, Mason & Hamlin, AUGUST FOERSTER, Fazioli, Guangzhou Pearl River Piano Group, Hailun Pianos, Xinghai Piano Group, Goodway, DUKE Piano, Shanghai Mendelssohn Piano, Nanjing Schumann Piano, Harmony Piano, Artfield Piano, Shanghai Piano, J-Sder Piano, Kingsburg Piano, Huapu Piano
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Piano Market Report Segments:
The global Piano market is segmented on the basis of:
Types
Grand piano, Upright piano
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Performance, Learning and teaching, Entertainment
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Yamaha Pianos
- KAWAI
- Samick
- Youngchang
- Steinborgh
- Steinway
- Bechstein
- Mason & Hamlin
- AUGUST FOERSTER
- Fazioli
- Guangzhou Pearl River Piano Group
- Hailun Pianos
- Xinghai Piano Group
- Goodway
- DUKE Piano
- Shanghai Mendelssohn Piano
- Nanjing Schumann Piano
- Harmony Piano
- Artfield Piano
- Shanghai Piano
- J-Sder Piano
- Kingsburg Piano
- Huapu Piano
Highlights of The Piano Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Grand piano
- Upright piano
- By Application:
- Performance
- Learning and teaching
- Entertainment
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Piano Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Piano is a musical instrument that consists of strings stretched over a soundboard. The strings are struck by hammers, which create the sound we hear.
Some of the major companies in the piano market are Yamaha Pianos, KAWAI, Samick, Youngchang, Steinborgh, Steinway, Bechstein, Mason & Hamlin, AUGUST FOERSTER, Fazioli, Guangzhou Pearl River Piano Group, Hailun Pianos, Xinghai Piano Group, Goodway, DUKE Piano, Shanghai Mendelssohn Piano, Nanjing Schumann Piano, Harmony Piano, Artfield Piano, Shanghai Piano, J-Sder Piano, Kingsburg Piano, Huapu Piano.
The piano market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Piano Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Piano Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Piano Market - Supply Chain
4.5. Global Piano Market Forecast
4.5.1. Piano Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Piano Market Size (000 Units) and Y-o-Y Growth
4.5.3. Piano Market Absolute $ Opportunity
5. Global Piano Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Piano Market Size and Volume Forecast by Type
5.3.1. Grand piano
5.3.2. Upright piano
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Piano Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Piano Market Size and Volume Forecast by Application
6.3.1. Performance
6.3.2. Learning and teaching
6.3.3. Entertainment
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Piano Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Piano Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Piano Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Piano Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Piano Demand Share Forecast, 2019-2026
9. North America Piano Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Piano Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Piano Market Size and Volume Forecast by Application
9.4.1. Performance
9.4.2. Learning and teaching
9.4.3. Entertainment
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Piano Market Size and Volume Forecast by Type
9.7.1. Grand piano
9.7.2. Upright piano
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Piano Demand Share Forecast, 2019-2026
10. Latin America Piano Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Piano Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Piano Market Size and Volume Forecast by Application
10.4.1. Performance
10.4.2. Learning and teaching
10.4.3. Entertainment
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Piano Market Size and Volume Forecast by Type
10.7.1. Grand piano
10.7.2. Upright piano
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Piano Demand Share Forecast, 2019-2026
11. Europe Piano Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Piano Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Piano Market Size and Volume Forecast by Application
11.4.1. Performance
11.4.2. Learning and teaching
11.4.3. Entertainment
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Piano Market Size and Volume Forecast by Type
11.7.1. Grand piano
11.7.2. Upright piano
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Piano Demand Share, 2019-2026
12. Asia Pacific Piano Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Piano Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Piano Market Size and Volume Forecast by Application
12.4.1. Performance
12.4.2. Learning and teaching
12.4.3. Entertainment
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Piano Market Size and Volume Forecast by Type
12.7.1. Grand piano
12.7.2. Upright piano
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Piano Demand Share, 2019-2026
13. Middle East & Africa Piano Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Piano Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Piano Market Size and Volume Forecast by Application
13.4.1. Performance
13.4.2. Learning and teaching
13.4.3. Entertainment
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Piano Market Size and Volume Forecast by Type
13.7.1. Grand piano
13.7.2. Upright piano
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Piano Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Piano Market: Market Share Analysis
14.2. Piano Distributors and Customers
14.3. Piano Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Yamaha Pianos
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. KAWAI
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Samick
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Youngchang
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Steinborgh
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Steinway
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Bechstein
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mason & Hamlin
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. AUGUST FOERSTER
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Fazioli
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Guangzhou Pearl River Piano Group
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Hailun Pianos
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Xinghai Piano Group
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Goodway
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. DUKE Piano
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Shanghai Mendelssohn Piano
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Nanjing Schumann Piano
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Harmony Piano
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Artfield Piano
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Shanghai Piano
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
