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In 2019, the global grand piano market revenue was $420 million. This is the cumulative revenue earned by the market players, operating in grand piano business, during this year. In terms of sales volume, the market stood at 39,592 units in 2019. However, the market revenue declined by 12% to $363.6 million in 2020 due to the Covid-19 pandemic.
The United States is the largest market for grand piano and in 2020, the United States grand piano market revenue was 104.7 million. The country is a potential market for high-end grand pianos and the average retail price of grand pianos sold in the country, in 2020, was $21,400.
Grand pianos, are oriented horizontally with the strings extending out from the keyboard. Grand pianos have always been a symbol of sophistication and class. Crafted with care and precision, a grand piano is both a beautiful and commanding instrument, as well as an elegant addition to any home, performance studio or concert hall. When a player hits a note on a grand piano, the hammer strikes the string from underneath and returns to its resting position naturally with gravity. Because the action of a grand piano operates without springs, it is less subject to degradation than the action in an upright piano. The horizontal action of a grand piano also provides a crisper sound for repeated notes. Grand pianos are typically more expensive than upright pianos, they also offer greater responsiveness and improved tonal quality. Grand pianos allow the pianist to have better control of the sound they produce, making grand pianos the preferred choice for professional pianists and amateur musicians alike.
The report covers detailed analysis of grand piano market with insights on country-wise market size, sales volume, growth forecast, on-going investments, and business opportunities. In terms of end-use, the market has been segmented into Professional Pianists & Musical Concerts, luxury hotels, villas & palaces and others. The distributional channels studied in the report are musical instrument stores, online, custom ordered & direct sales. The report also studies the market participants active in this industry along with their portfolio, segment revenue, sales volume, and distribution strategy.
The research report titled “Grand Piano Market, Business and Opportunity Analysis” published by Datavagyanik presents a detailed analysis of the Grand Piano Market with country-wise market statistics, qualitative insights and market player analysis. One of the prime objectives of the report is to provide an assessment of the market potential, growth, market revenue and volume of Grand Piano for each country.
Grand Piano Market Analysis, by Distribution Channel
Grand Piano Market Analysis, by End Use:
Grand Piano Market Analysis, by Region:
North America Grand Piano market by Country
Europe Grand Piano market by Country
Asia-Pacific Grand Piano market by Country
Latin America Grand Piano market by Country
The Middle East & Africa Grand Piano market by Country
The report analyzes Grand Piano Market from demand as well as supply side. In supply side analysis, we reach out to the Grand Piano Market players to collect information on their portfolio, revenue, target customers and other insights. During this process, paid interviews and surveys are conducted for obtaining and validating the data pointers. We also deep dive into the available paid industry databases, research studies, white papers and annual reports.
As a part of our demand side analysis, we reach out to the end users of Grand Piano, to gauge the application areas, demand trends and similar insights.
This business analysis report on the Grand Piano Market presents a regional as well as country level analysis. The regions covered in the report are – North America, Europe, Asia Pacific and Rest of the World. In these four regions, all the countries have been covered in detail with information on Grand Piano production volume, sales volume, market size ($Million) and Grand Piano import-export.
The report covers Grand Piano Market revenue, sales volume and forecast for the period (Till 2030), by regions, (further split into countries):
GRAND PIANO MARKET REVENUE ($MILLION), PRODUCTION VOLUME, SALES VOLUME, Till 2030
*Note – Country level break-down has been covered in the report
There is an entire data collection and validation framework that Datavagyanik follows to provide you with authentic information. We connect to industry experts across various countries to understand market trends and demand patterns. The same is done through paid interviews and surveys.
Our internal team of analysts is experts in studying market patterns, mining data, and extracting useful information from different paid as well as freely available sources. Datavagyanik has an exhaustive internal database with information on markets, market players, and other macro and micro economic indicators that impact industries.
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