Global Piano Market is Projected to Reach US$ 2,446 Mn by 2024

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This report studies the Digital Piano market size (value and volume) by players, regions, product types and end industries, history data 2013-2017 and forecast data 2018-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.

A digital piano is a modern electronic musical instrument, a variation of electronic keyboard or synthesizer designed to serve primarily as an alternative to the traditional acoustic piano, both in the way it feels to play and in the sound produced.

At present, the major manufacturers of digital piano are Yamaha, CASIO, Guangzhou Pearl River Piano Group, Samick, KAWAI, Roland, etc. Yamaha is the world leader, holding 32.6 % sales market share in 2016.

In the future, global market is expected to witness steady growth on account of rising applications, so in the next few years, digital piano consumption will show a trend of steady growth. In 2023 the consumption of digital piano is estimated to be 906 K Units. On product prices, the rise trend in recent years will maintain in the future.

The global Digital Piano market was 700 million US$ in 2017 and is expected to 1110 million US$ by the end of 2025, growing at a CAGR of 6.0% between 2018 and 2025.

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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Digital Piano in these regions, from 2013 to 2025, covering

    North America (United States, Canada and Mexico)

    Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

    Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

    South America (Brazil etc.)

    Middle East and Africa (Egypt and GCC Countries)

 

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

    Yamaha

    CASIO

    Guangzhou Pearl River Piano Group

    Samick

    KORG

    KAWAI

    Roland

    Ringway Tech

    YOUNG CHANG

    Xinghai Piano Group

    Clavia

By the product type, the market is primarily split into

    Vertical Digital Piano

    Grand Digital Piano

    Portable Digital Piano

By the end users/application, this report covers the following segments

    Performance

    Learning and Teaching

    Entertainment

    Other

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