The Piano Market will Showcase Negative Impact during 2020-2024 | Demand of Hybrid Pianos to Boost the Market Growth | Technavio
Technavio has been monitoring the piano market and it is poised to grow by $ 267.33 mn during 2020-2024, progressing at a CAGR of over 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Piano Market 2020-2024 (Graphic: Business Wire)
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The market is highly fragmented, and the degree of fragmentation will accelerate during the forecast period. CASIO COMPUTER CO. LTD.; FAZIOLI PIANOFORTI SPA; Gibson Brands Inc.; Grotrian, Helfferich, Schulz, Th. Steinweg Nachf. GmbH; Korg Inc.; Mason & Hamlin Piano Co.; PETROF Spol s.r.o.; Roland Corp.; Steingraeber & Söhne KG; and Yamaha Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Demand of hybrid pianos has been instrumental in driving the growth of the market.
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Piano Market 2020-2024: Segmentation
Piano Market is segmented as below:
Product
Acoustic Pianos
Digital Pianos
Geographic Landscape
APAC
Europe
MEA
North America
South America
Piano Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The piano market report covers the following areas:
Piano Market Size
Piano Market Trends
Piano Market Industry Analysis
This study identifies inclusion of music in academic curricula as one of the prime reasons driving the piano market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Piano Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist piano market growth during the next five years
Estimation of the piano market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the piano market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of piano market vendors
Table of Contents:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
Preface
Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
Market ecosystem
Market characteristics
Market segmentation analysis
Value chain analysis
PART 04: MARKET SIZING
Market definition
Market size
Market sizing 2019
Market outlook
Market size and forecast 2019-2024
PART 05: FIVE FORCES ANALYSIS
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
Market segmentation by product
Comparison by product
Acoustic pianos - Market size and forecast 2019-2024
Digital pianos - Market size and forecast 2019-2024
Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
Market drivers
Market challenges
PART 11: MARKET TRENDS
Preference for customized pianos
Advent of pianos equipped with smart devices and new technologies
Emergence of hybrid pianos
PART 12: VENDOR LANDSCAPE
Overview
Landscape disruption
Competitive scenario
PART 13: VENDOR ANALYSIS
Vendors covered
Vendor classification
Market positioning of vendors
CASIO COMPUTER CO. LTD.
FAZIOLI PIANOFORTI SPA
Gibson Brands Inc.
Grotrian, Helfferich, Schulz, Th. Steinweg Nachf. GmbH
Korg Inc.
Mason & Hamlin Piano Co.
PETROF Spol s.r.o.
Roland Corp.
Steingraeber & Söhne KG
Yamaha Corp.
PART 14: APPENDIX
Research methodology
List of abbreviations
Definition of market positioning of vendors
PART 15: EXPLORE TECHNAVIO
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View source version on businesswire.com: https://www.businesswire.com/news/home/20201008005677/en/
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