Global Piano (Pianoforte) Market Expected to Witness a Sustainable Growth over 2023
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.
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Global Piano (Pianoforte) Market: Forecast by Type / Application / Region
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.
Over the next five years, LPI(LP Information) projects that Piano (Pianoforte) will register a 2.0% CAGR in terms of revenue, reach US$ 2410 million by 2023, from US$ 2180 million in 2017.
Global Piano (Pianoforte) Market: Key Players
Mason & Hamlin
Guangzhou Pearl River Piano Group
Xinghai Piano Group
Shanghai Mendelssohn Piano
Nanjing Schumann Piano
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United States Piano (Pianoforte) Market Research Report 2018
Europe Piano (Pianoforte) Market Research Report 2018
North America Piano (Pianoforte) Market Research Report 2018
Asia-Pacific Piano (Pianoforte) Market Research Report 2018
China Piano (Pianoforte) Market Research Report 2018
EMEA Piano (Pianoforte) Market Research Report 2018
Global Piano (Pianoforte) Market Research Report 2018
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