COVID-19 Impact and Recovery Analysis- Piano Market 2020-2024 | Demand of Hybrid Pianos to Boost Growth | Technavio

Technavio has been monitoring the piano market and it is poised to grow by USD 267.33 million 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.

This press release features multimedia. View the full release here:

Technavio has announced its latest market research report titled Global Piano Market 2020-2024 (Graphic: Business Wire)

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. The demand of hybrid pianos will offer immense growth opportunities. 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.

Demand of hybrid pianos has been instrumental in driving the growth of the market.

Piano Market is segmented as below:

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our

This study identifies the inclusion of music in academic curricula as one of the prime reasons driving the piano market growth during the next few years.

We provide a detailed analysis of vendors operating in the piano market, including some of the vendors such as 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. Backed with competitive intelligence and benchmarking, our research reports on the piano market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.