About Pianoforte
Over the past decades, an upsurge in the worldwide entertainment and media industry has been a key driver for the Pianoforte market. Pianoforte is an acoustic, stringed musical instrument operated from a keyboard, strikes the metal strings. In Addition, it is usually used for the solo performances, accompaniment, and other performances convenient for rehearsing and composing the music. The increase in consumer preference for good quality compact size products and growth in disposable incomes of end-user are boosting the Pianoforte market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The market for Pianoforte is highly competitive with several global as well as local players in the market. The global players are trying various strategies such as product innovation and using various marketing strategies to gain a higher market share. Analyst at AMA Research estimates that South Korea Vendors will contribute the maximum growth to Global Pianoforte market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Yamaha Pianos (Japan), Kawai Musical Instruments Manufacturing Co. (Japan), Samick (South Korea), Youngchang (South Korea), Steinway & Sons (United States), C. Bechstein Pianoforte AG (Germany), Mason & Hamlin (United States), August Förster (Germany), Fazioli (Italy) and Guangzhou Pearl River Piano Group (China) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Pianoforte market by Type (Grand piano, Upright piano, Digital Piano, Synthesizer and Others), Application (Performance, Learning and teaching, Entertainment and Others) and Region.
On the basis of geography, the market of Pianoforte 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 Distribution Channel, the sub-segment i.e. Online will boost the Pianoforte market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Professional will boost the Pianoforte market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Pianoforte Market Dynamics:
Attributes | Details |
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Growth Drivers | - Increasing in Number of Reality Shows and Musical Competitions are a Source of Inspiration to Children and Teenage to Train in Playing Different Musical Instruments is also a Key factor of Pianoforte Market Growth
- Increase In Awareness And Rise In Number Of Concerts And Stage Performances Is Fueling The Growth Of The Global Pianoforte Market
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Influencing Trends | - Demand for Digital Pianoforte
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Restraints | - High Cost Associated with Pianoforte
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Road Blocks / Challenges | - Pianoforte Manufacturers are Introducing New Innovative Products in the Market
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Gaps & Opportunities | - Pianoforte is Gaining Popularity in Developing Countries, such as India and China where Populace are Eager to Learn Music
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On 01 June 2022, Kawai Japan is delighted to announce the ES120, the latest addition to Kawai’s ES series of portable digital pianos, and the long-awaited successor to the extremely popular ES110.This brand new 2022 model features an improved keyboard action, a selection of new piano sounds, enhanced Bluetooth connectivity with support for the latest Kawai apps, and a sleek, eye-catching visual redesign, delivering Kawai digital piano authenticity within an attractive, compact, and highly-portable instrument.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Pianoforte Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
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.