Pianos: Global Strategic Business Report

Global Pianos Market to Reach $2.9 Billion by 2030

The global market for Pianos estimated at US$2.2 Billion in the year 2022, is projected to reach a revised size of US$2.9 Billion by 2030, growing at a CAGR of 3.2% over the analysis period 2022-2030. Acoustic, one of the segments analyzed in the report, is projected to record 3.6% CAGR and reach US$2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Digital segment is readjusted to a revised 2.3% CAGR for the next 8-year period.

The U.S. Market is Estimated at $652.3 Million, While China is Forecast to Grow at 2.7% CAGR

The Pianos market in the U.S. is estimated at US$652.3 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$498.9 Million by the year 2030 trailing a CAGR of 2.7% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3% and 2.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.5% CAGR.

Select Competitors (Total 54 Featured) -

• Baldwin Piano
• C. Bechstein Pianofortefabrik AG
• Casio Computer Co. Ltd.
• Fazioli Pianoforti s.p.a.
• Grotrian Piano Company GmbH
• Guangzhou Pearl River Piano Group, Ltd.
• Julius Bluthner Pianofortefabrik GmbH
• Kawai Musical Instruments Mfg. Co., Ltd.
• Korg Inc.
• Mason and Hamlin Piano Company
• Petrof Spol s.r.o.
• Roland Corporation
• Samick Musical Instruments Co. Ltd.
• Schulze Pollmann
• Walter Piano Company, Inc.
• Yamaha Corporation
• Young Chang Co. Ltd.

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year