Global Piano Market Growth 2025-2031

Global Piano Market Growth 2025-2031

The global Piano market size is predicted to grow from US$ 2395 million in 2025 to US$ 2692 million in 2031; it is expected to grow at a CAGR of 2.0% from 2025 to 2031.

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.

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.

LP Information, Inc. (LPI) ' newest research report, the “Piano Industry Forecast” looks at past sales and reviews total world Piano sales in 2024, providing a comprehensive analysis by region and market sector of projected Piano sales for 2025 through 2031. 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.

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.

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 analysing 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 by Type, by Application?

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