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Piano (Pianoforte) Market Size By Application, Industry Analysis Reports, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Shares & Forecast 2023 - 2030

ID : MRU_22967 | Date : Jan, 2023 | Pages : 180 | Region : Global

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Pianoforte is a musical instrument in which felt-covered hammers, operated from a keyboard, strike the metal strings. It is commonly used for solo performances, ensemble, accompaniment and other performances, and it is very convenient for composing and rehearsing music.
In global market, the sales of Pianoforte increase from 548579 Units in 2012 to 668062 Units in 2016, at a CAGR of 5.05%. In 2016, the global Pianoforte market is led by China, capturing about 72.29% of global Pianoforte consumption. Japna is the second-largest region-wise market with 8.60% global consumption share.

At present, the major manufacturers of Pianoforte are Yamaha Pianos, KAWAI, Samick, Youngchang, Guangzhou Pearl River Piano Group, Hailun Pianos, Xinghai Piano Group, Goodway, etc. Guangzhou Pearl River Piano Group is the world leader, holding 26.11 % sales market share in 2016.

In application, Pianoforte downstream is wide and recently Pianoforte has acquired increasing significance in various fields of performance, learning and teaching, entertainment and others. Globally, the Pianoforte market is mainly driven by growing demand for learning and teaching which accounts for nearly 44.72% of total downstream consumption of Pianoforte in global.

In type, Pianoforte can be divided into grand piano and upright piano. Upright piano holds most of Pianoforte sales. In 2016, the Upright piano Sales was 558975 Units and the Market Share (%) was 83.67%, and it will be 687615 Units and 85.54% in 2023, with a CAGR 3.00% from 2016 to 2023.

In the future, global market is expected to witness steady growth on account of rising applications, so in the next few years, Pianoforte consumption will show a trend of steady growth. In 2023 the consumption of Pianoforte is estimated to be 803825 Units. On product prices, the slow downward trend in recent years will maintain in the future.


The Global Piano (Pianoforte) Market had reached xxx million USD with a CAGR xx from 2018-2022. Later on, it will go to xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.

In the global Piano (Pianoforte) Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.

In Market segmentation by manufacturers, the report covers the following 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

In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types :

Grand piano
Upright piano
In Market segmentation by applications :

Performance
Learning and teaching
Entertainment

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Piano (Pianoforte) Market for the forecast period 2023 - 2030?
• What are the driving forces in the Piano (Pianoforte) Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Piano (Pianoforte) industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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