Piano (Pianoforte) Market Size By Regional Analysis(Europe, Asia Pacific, America, Middle East And Africa), By Demand & COVID-19 Impact Analysis, By Type, By Applications And Forecasts 2023 - 2030
Report Overview
The market research report is created with a compilation of analytical research based on historic records, current statistics, and future predictions. The report contains details on the leading players operating in the Piano (Pianoforte) market including various factors related to and dependent influencing the market growth.
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.
Global Piano (Pianoforte) market size will increase to 2490 Million US$ by 2030, from 2180 Million US$ in 2020, at a CAGR of 1.9% during the forecast period. In this study, 2023 has been considered as the base year and 2023 to 2030 as the forecast period to estimate the market size for Piano (Pianoforte).
The report is prepared using analytical methods such as SWOT (strengths, weaknesses, opportunities, and threats)) analysis, PESTEL Analysis, Porter\'s Five Force Analysis, and value chain analysis. These methods provide a clear view of the market structure and analyze competition at a global level. They also provide detailed information on each segment in the global Piano (Pianoforte) market.
The aim of the report is to interpret the market sizes of various segments and countries for the forecast period. The study includes the qualitative and quantitative analysis of the market. The report analyses the Piano (Pianoforte) market on a regional and global level with a deep analysis of macro-and micro-economic factors impacting the growth of the market. This report also includes market information related to the latest industry trends, market developments, and analysis of products and end users contributing to market growth. An in-depth study of the current market scenario, major driving factors, and restraining factors for the market are also included in the report.
The Piano (Pianoforte) market report includes information related to market segmentation, market size and revenue forecasts, and regional forecasts along with information about the leading market players operating in the market, company revenue shares and, their recent developments. The market is classified regionally on country-level into North America, Europe, Asia Pacific, the Middle East and Africa, and South America.
Scope of the Piano (Pianoforte) Market:
The major competitors working in the 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
Market by Order Type
Grand piano
Upright piano
Piano (Pianoforte) Data by Application
Performance
Learning and teaching
Entertainment
Piano (Pianoforte) Production Regions Covered in the Report are:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Rest of the World
The information about the Piano (Pianoforte) market is obtained from several sources such as company websites, journals, annual reports, which were then assessed and verified by the industry experts. The information is represented in the form of diagrams, charts, pie charts, and infographics, which helps in a better understanding of the market.
Objectives of Piano (Pianoforte) Market Report:
- To analyze the factors driving the market growth including supply chain analysis, price analysis along with other analytical methods
- To provide an in-depth analysis of the Piano (Pianoforte) market with information on various segment and sub-segments
- To provide a regional analysis and global analysis for the Piano (Pianoforte) market size and their forecasts
- To provide strategic profiles of the key players operating in the Piano (Pianoforte) market, their key competencies, and market competition
- To provide a competitive scenario about the key factors driving, restraining, and challenging the market growth.
- The impact of COVID-19 pandemic on the Piano (Pianoforte) market
Target Audiences for Piano (Pianoforte) Market:
- Investors
- Investment Bankers
- Key Consulting Companies and Advisors
- Venture Capitalists
- Large, Medium-sized, and Small enterprises
Customization:
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