Piano Market

The global Piano (Pianoforte) market was valued at 203.22 Million USD in 2021 and will grow with a CAGR of 2.02% from 2021 to 2027, based on Research newly published report.
The prime objective of Piano Market is to provide the insights on the post COVID-19 impact which will help market players in this field evaluate their business approaches. Also, Piano Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
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.
By Market Verdors:

• 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

• Grand piano
• Upright piano

• Performance
• Learning and teaching
• Entertainment

• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the markets competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

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