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.
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- 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
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Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 199 |
Published | May 2024 |
Forecast Period | 2020 - 2027 |
Estimated Market Value ( USD | $ 2.2 Billion |
Forecasted Market Value ( USD | $ 2.6 Billion |
Compound Annual Growth Rate | 2.4% |
Regions Covered | Global |