Global Piano Market Growth 2023-2029

Global Piano Market Growth 2023-2029

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.

LPI (LP Information)' newest research report, the “Piano Industry Forecast” looks at past sales and reviews total world Piano sales in 2022, providing a comprehensive analysis by region and market sector of projected Piano sales for 2023 through 2029. With Piano sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Piano industry.

This Insight Report provides a comprehensive analysis of the global Piano landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Piano portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Piano market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Piano and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Piano.

The global Piano market size is projected to grow from US$ 2306.7 million in 2022 to US$ 2644.4 million in 2029; it is expected to grow at a CAGR of 2644.4 from 2023 to 2029.

Global Piano key players include Yamaha Pianos, KAWAI, Samick, Youngchang, Steinborgh, etc. Global top five players hold a share about 30%.

North America is the largest market, with a share about 60%, followed by China and Europe, having a total share about 30 percent.

In terms of product, Upright piano is the largest segment, with a share about 80%. And in terms of application, the largest application is Learning and teaching, followed by Performance, Entertainment.

This report presents a comprehensive overview, market shares, and growth opportunities of Piano market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Grand piano

Upright piano

Segmentation by application

Performance

Learning and teaching

Entertainment

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Yamaha Pianos

KAWAI

Samick

Youngchang

Steinborgh

Steinway

Bechstein

Mason and 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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Piano market?

What factors are driving Piano market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Piano market opportunities vary by end market size?

How does Piano break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.