Market Overview:
The global pianoforte 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 for performance and entertainment purposes, increasing adoption of digital pianos, and growing number of music schools and academies. In terms of type, the grand piano segment is expected to account for a larger share of the global pianoforte market in 2018. However, the upright piano segment is projected to grow at a higher CAGR during the forecast period. By application, learning and teaching is expected to be the largest segment in terms of revenue in 2018; this segment is also projected to grow at a higher CAGR during the forecast period.
Product Definition:
A pianoforte is a keyboard instrument that has strings which are struck by hammers.
Grand piano:
Pianoforte or piano is a keyboard instrument played by means of a musical score. The notes are struck on the keys with the help of hammers, called pianos in reference to the sound produced. It is an acoustic, stringed musical instrument that consists of felt or metal strings and a wooden case. These instruments can be classified into two types: grand and upright piano.
Upright piano:
An upright piano is a piano with the lid closed. It has been the most popular type of piano since its invention and is still used by many pianists today. The main advantage of this instrument over a grand or concert-sized one is that an upright can be used in any setting - from small homes to large ballrooms or even corporate conference rooms.
Application Insights:
The performance application segment dominated the global market in 2017. It is also expected to be the fastest-growing segment over the forecast period owing to an increase in live performances and recordings. The demand for pianos for performances has increased significantly due to technological advancements such as digital keyboards, which have largely replaced traditional acoustic pianos. Technological developments have also affected the learning and teaching sector, with digital piano models replacing traditional upright and grand pianos across schools and colleges. Digital keyboards are portable, can be used without a amplifier, offer more keys (88 notes),and are cheaper than their acoustic counterparts.
The entertainment sector includes television shows & films production companies that require rental instruments during filming schedules or when shooting at locations abroad where conventional keyboard instruments may not be available or affordable for use in film music scoring purposes only (i.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to maintain its position during the forecast period. Asia Pacific has been witnessing a growing interest among consumers, especially millennials, in music and musical instruments. This factor is anticipated to bode well for regional growth over the coming years.
North America held a significant share of global revenue in 2017 owing to high demand from U.S., which was one of the leading producers of grand pianos and upright pianos till 2016 when it was surpassed by China and Japan respectively due to technological advancement coupled with low cost advantage over laborious production process resulting into less raw material usage along with low selling price as compared to China or Japan producing country thus affecting overall sales volume hence average selling price per unit thus affecting overall revenue share hence North American market share for piano industry that year wherein UPRIGHT PIANO SHARE WAS 22% AND GRAND PIANO SHARE WAS 38%.
Growth Factors:
- Increasing disposable income of the population: The increasing disposable income of the population is one of the key growth drivers for Pianoforte market. With rising income levels, people are able to afford high-end luxury products such as Pianofortes, which is resulting in an increase in demand for these products.
- Growing popularity of music: The growing popularity of music is another key factor driving the growth of Pianoforte market. With an increasing number of people getting interested in learning different types of music, there is a corresponding rise in demand for Pianos and other musical instruments.
- Rising trend towards customization: A major trend that is currently observed within the global Pianoforte market is that consumers are increasingly demanding customized products according to their specific needs and preferences. This has led to a rise in sales volume for customized pianos and other musical instruments over traditional ones.
Scope Of The Report
Report Attributes
Report Details
Report Title
Pianoforte 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
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Pianoforte Market Report Segments:
The global Pianoforte 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 Pianoforte 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 Pianoforte 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.
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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?
Pianoforte is a type of keyboard instrument that uses strings to produce sound. The strings are struck by hammers, which vibrate the string and create sound.
Some of the key players operating in the pianoforte 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 pianoforte market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Pianoforte 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. Pianoforte Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Pianoforte Market - Supply Chain
4.5. Global Pianoforte Market Forecast
4.5.1. Pianoforte Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Pianoforte Market Size (000 Units) and Y-o-Y Growth
4.5.3. Pianoforte Market Absolute $ Opportunity
5. Global Pianoforte 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. Pianoforte 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 Pianoforte 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. Pianoforte 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 Pianoforte 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. Pianoforte 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 Pianoforte 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. Pianoforte 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 Pianoforte Demand Share Forecast, 2019-2026
9. North America Pianoforte 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 Pianoforte 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 Pianoforte 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 Pianoforte 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 Pianoforte Demand Share Forecast, 2019-2026
10. Latin America Pianoforte 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 Pianoforte 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 Pianoforte 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 Pianoforte 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 Pianoforte Demand Share Forecast, 2019-2026
11. Europe Pianoforte 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 Pianoforte 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 Pianoforte 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 Pianoforte 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 Pianoforte Demand Share, 2019-2026
12. Asia Pacific Pianoforte 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 Pianoforte 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 Pianoforte 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 Pianoforte 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 Pianoforte Demand Share, 2019-2026
13. Middle East & Africa Pianoforte 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 Pianoforte 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 Pianoforte 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 Pianoforte 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 Pianoforte Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Pianoforte Market: Market Share Analysis
14.2. Pianoforte Distributors and Customers
14.3. Pianoforte 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
