Global Acoustic Grand Piano Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Acoustic Grand Piano Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Acoustic pianos create sound through the mechanical action of hammers striking strings. This process results in rich, natural harmonics and a unique resonance that is a difficult timbre to replicate electronically. Acoustic Grand Piano is a type of acoustic piano. Acoustic Grand Piano has a frame and strings that are extended horizontally. It has a longer body and thus takes up more space. After playing the keys and releasing your fingers, gravity resets the keys and brings them back to their resting positions.

Market Overview:

The latest research study on the global Acoustic Grand Piano market finds that the global Acoustic Grand Piano market reached a value of USD 900.66 million in 2023. It’s expected that the market will achieve USD 1242.97 million by 2029, exhibiting a CAGR of 5.52% during the forecast period.

Drivers and Opportunities

Pay more and more attention to piano training
With the government's support for education and the concept of quality education taking root in the hearts of the people, music education, including piano education, will become increasingly important. Piano is an important means of quality education for children. Piano can develop children's intelligence and promote children's brain development. Starting to learn piano in childhood can develop, strengthen and improve image thinking, so that children can form good thinking habits, which are both logical and image-rich, and their thinking is quick and active. Therefore, more and more parents let their children learn piano. By learning piano, they can promote their brain development, exercise their finger flexibility and body coordination, cultivate their sentiments, improve their appreciation of music, and make their lives more fulfilling, more tasteful.

Therefore, with the improvement of people's consumption level and the emphasis on children's music quality education, more and more children are beginning to choose to learn piano. Small and medium-sized Acoustic Grand Piano is one of the products commonly used by people learning piano. Currently, as people pay more and more attention to piano training, the demand for Acoustic Grand Piano in training institutions and families is increasing. This will be one of the driving factors driving the development of the industry market.

Limits and Challenges

High technical barriers
The most important technical feature of a piano is that it must have excellent musical characteristics. Musical characteristics are concentrated in two aspects, namely acoustic quality and playing touch, forming distinctive musical instrument characteristics.

The Acoustic Grand Piano is composed of thousands of parts and is manufactured through more than hundreds of processes. Every component of the piano and every process of piano production are closely related to the quality of the piano, which requires production companies to accurately grasp the entire set of production technologies and processes. At the same time, the manufacturing of Acoustic Grand Piano also requires long-term production experience accumulation. Many production links and processes require years or even decades of work experience accumulation to ensure that the quality of the piano produced is close to perfect. Various piano companies are constantly improving their production processes to improve product manufacturing accuracy and product quality stability. High technical barriers are one of the challenges facing industry development.

Region Overview:

In 2022, the share of the Acoustic Grand Piano market in North America stood at 36.03%.

Company Overview:

Since its founding in 1887, Yamaha has continued to provide a wide range of products and services centered on sound and music and continues to create touch in various situations by meeting a wide range of needs related to music, education, and culture. The company has always recognized that through the technology, experience and appeal acquired in its long history, it will continue to meet challenges with enthusiasm and will surely create touch for users. The company's business scope includes pianos, keyboards, brass instruments, drums, guitars, synthesizers, audiovisuals, strings, music, audio, musical instruments, etc.

Kawai is a piano manufacturing company. Kawai is one of the best brands in acoustic and digital pianos and is the instrument of choice for pianists around the world. The company's business scope includes the manufacturing and sales of acoustic pianos and digital piano instruments; the development and sales of computer music software; and the promotion of music appreciation through lectures and concerts.

Yamaha is one of the major players operating in the Acoustic Grand Piano market, holding a share of 27.86% in 2023.

Segmentation Overview:

By type, 125000+ segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Performance segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Acoustic Grand Piano market covered in Chapter 3:

Harmony Piano
Steinway
Yamaha
Bluthner
Youngchang
Grotrian
Mason and Hamlin
Samick
Kawai
Mendelssohn Piano
August Forster
Bechstein
Hailun Pianos
Pearl River Pianos
Nanjing Schumann Piano

In Chapter 4 and Chapter 14.2, on the basis of types, the Acoustic Grand Piano market from 2019 to 2030 is primarily split into:

$10,000 – 25,000
$25,000 – 60,000
$60,000 – 125,000
125000+
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Acoustic Grand Piano market from 2019 to 2030 covers:

Performance
Learning and Teaching
Entertainment

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)