Grand Piano Market Scope
Grand pianos are used especially for giving concerts and making recordings. Most popular musical instruments ever played. The grand piano retains the shape of the original pianoforte in which the strings are strung horizontally, and has a greater potential for expression. Increase In Number of Reality Shows and Musical Competitions Globally. The Upsurge in the Global Entertainment and Media Industry. Growing Eager to Learn Music in Developing Countries Such As China, India among Others. Increase in Consumer Preference for Good-Quality Products and Growth in Disposable Incomes of Consumers.
Attributes | Details |
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Study Period | 2017-2026 |
Base Year | 2020 |
Unit | Value (USD Million) |
Key Companies Profiled | Pearl River Grand Piano (China), Young Chang (South Korea), Samick (South Korea), Yamaha (Japan), Hailun (China), Kawai (Japan), Steinway & Sons (United States), Xinghai (China) and Bosendorfer (Austria) |
CAGR | % |
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market
Pearl River Grand Piano (China), Young Chang (South Korea), Samick (South Korea), Yamaha (Japan), Hailun (China), Kawai (Japan), Steinway & Sons (United States), Xinghai (China) and Bosendorfer (Austria) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Bluthner (Germany), Bechstein (Germany), Fazioli (Italy) and Shigeru Kawai (Japan).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Grand Piano market by Type , by Application (Household and Commercial) and Region with country level break-up.
On the basis of geography, the market of Grand 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).
region held largest market share in the year 2020.
Market Leaders and their expansionary development strategies
On 10th Feb 2022, Piano, the Digital Experience Cloud, announced it has acquired SocialFlow, a social distribution and marketing platform for media companies. The addition of SocialFlow onto Piano's platform will allow social media teams to optimize engagement and attention across multiple accounts and gain a deeper level of insight into how content is driving revenue. SocialFlow's tools help streamline execution to efficiently manage organic posting across platforms, manage paid social media campaigns, and collect data on user clicks.
On 13th Jan 2020, Roland introduces a grand piano for the modern age. Roland have premiered the GPX-F1 ‘Facet’ grand piano, a concept that has been years in the making. The piano looks entirely different to any piano you’ve seen before and looks like it’s fresh out of a sci-fi comic book based on musicians of the future.
Influencing Trend:
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:
Availability of Alternative 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
Key Target Audience
Manufacturers of Grand Piano, Suppliers of Grand Piano, Wholesalers/Distributors and Retailers of Grand Piano, Potential Investors, Music Companies, End-User and Others