Global Piano Market Outlook 2017-2022

Global Piano Market is estimated to grow at a substantial CAGR of 9.6% by 2022, as the scope, product types, and its applications are increasing across the globe. Piano, also known as “Pianoforte”, or “French piano” or “German Klavier”, “Pianoforte”, is a keyboard musical device having wire strings that sound when struck by felt-covered hammers worked from a keyboard. 

Piano is known as the “King of the Instruments” because it ranges from the lowest note that you can play on a double-bassoon to the highest note that you can play on a piccolo. The factors that propel the growth of the Piano Market include increasing awareness among people, rise in disposable income, and increase in demand. On the other hand, there are factors that may hamper the growth of the market including high cost. 

Piano Market may be explored by product type, applications, end users, and geography. Piano Market may be explored by product type as Acoustic Pianos and Electronic Pianos. Piano Market may be explored by end users as end users as schools, musical institutes, hotels, and others. Piano Market could be explored based on applications as Commercial and Household. Piano Market may be explored by end users as end users as schools, musical institutes, hotels, and others.  

Piano Market is categorized based on geography into North America, Latin America, Japan, Middle East and Africa, Western Europe, Asia Pacific, and Eastern Europe. North America accounted for the major share of the Piano Market Size in 2017 and will continue to lead in the forecast period. 

The key players contributing in the robust growth of the Piano Market comprise Yamaha Pianos, KAWAI, Youngchang, Samick, Bechstein, Steinborgh, Steinway, Boesendorfer, Mason & Hamlin, AUGUST FOERSTER, Fazioli, Guangzhou Pearl River PianoGroup, Yangtze Piano, Xinghai PianoGroup, Hailun Pianos, Goodway, Shanghai Mendelssohn Piano, DUKE Piano, Nanjing Schumann Piano, Harmony Piano, Artfield Piano, Shanghai Piano, J-Sder Piano, Kingsburg Piano and Huapu Piano. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

The global market for piano will grow at a CAGR of 9.6% by 2022, according to a new report published by Gen Consulting Company. The report segments the market and forecasts its size, by volume and value, on the basis of application (Commercial, Household, etc.), and by geography (North America, Europe, Asia-Pacific, MEA and South America).

The report covers forecast and analysis for the piano market on a global and regional level. The study provides historic data of 2012-2016 along with a forecast from 2017 to 2022 based on both output/volume and revenue. The study then describes the drivers and restraints for the piano market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the piano market on a global level.

The report has been prepared based on the synthesis, analysis, and interpretation of information about the global piano market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile.

Demand for this market rises from the Commercial, Household, and other applications. All the segments have been analyzed based on present and future trends and the market is estimated from 2017 to 2022. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global piano market.

Key Applications
• Commercial
• Household

Key Regions
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

Key Vendors
• Steinway
• Boesendorfer
• C. Bechstein
• Yamaha
• Kawai
• Young Chang
• TOYO
• Roland
• Pearl River
• Goodway
• Xinghai
• Hailun
• request free sample to get a complete list of companies

Key Questions Answered in this Report
• What will the market size be in 2022?
• What are the key factors driving the global piano market?
• What are the challenges to market growth?
• Who are the key players in the piano market?
• What are the market opportunities and threats faced by the key players?