About Digital Piano
Digital Piano is an up to the dated electronic musical instrument, which has a numerous variation in the keyboard. It uses an electronic keyboard which is designed to serve the primary function which is quite impossible for traditional piano’s. Digital piano is the best alternative for acoustic piano, both in the way it feels to play and in the sound produced. This piano has a combination of 88 keys, along with the set of in-built speakers. It also compromises a sensor which interprets and sends signals to the computer and creates the corresponding sound. Hence the rising number of concert and stage performances are driving the market for a digital piano.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The digital piano market is a harmonious blend of tradition and innovation, with established players and rising stars competing to create the most captivating playing experience. Understanding these dynamics is crucial for any business hoping to strike the right chord in this ever-evolving musical landscape. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Digital Piano market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Williams Pianos (Canada), Yamaha Corporation (Japan), Long Beach Music (United States), Hamzer (United States), The ONE Music Group (United States), Casio (Japan), Roland (Japan), Young Chang Co., Ltd (South Korea) and Korg (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Digital Piano market by Type (Vertical Digital Piano, Grand Digital Piano and Portable Digital Piano), Application (Household , Stage and Others) and Region.
On the basis of geography, the market of Digital Piano has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Key Type, the sub-segment i.e. 49 Key will boost the Digital Piano market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-use, the sub-segment i.e. Performance will boost the Digital Piano market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Various Music School and Festivals World Widely and Rising Advancements in Software Technology Enable Users to do Much More with Pianos
Market Growth Drivers:
Increase In Number of Reality Shows and Musical Competitions Globally and The Upsurge in the Global Entertainment and Media Industry
Challenges:
Issue Related to the Light Weight of the Keys and Highly Fragmented and Intensely Competitive
Restraints:
Concern Related to Environmental Sensitivity and High Cost for These Piano
Opportunities:
Growing Eager to Learn Music in Developing Countries Such As China, India among Others and Increase in Consumer Preference for Good-Quality Products and Growth in Disposable Incomes of Consumers
Market Leaders and their expansionary development strategies
In November 2023, Kawai and Fingerstyle Academy has partnered to offer exclusive online masterclasses and workshops led by renowned fingerstyle guitarists on Kawai digital pianos.
In October 2023, Korg D1 Air a lightweight and portable digital piano with a built-in wireless speaker, ideal for on-the-go practice and performance.
Key Target Audience
Digital Piano Manufactures, Digital Piano Distributors, Potential Investors, Music Companies and End-User
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.