Global Digital Piano Market Size, Share and Trends Analysis Report, by Type (Vertical Digital Piano, Grand Digital Piano, and Portable Digital Piano), and by Application (Learning and Teaching, Entertainment, Performance, and Others), Forecast Period (2022-2028)

The global digital piano market is anticipated to grow at a CAGR of 1.8% during the forecast period (2022-2028). The global digital piano market is growing due to the increasing technological advancement and development in the music industry. The rising demand for composing, recording, mixing, and mastering music among the musician and the artist is driving the digital piano market. The surge in the adoption of cloud-based audio workstations and the growing digitization of instruments is anticipated to boost the growth in the global market. The increasing number of global festivals and music concerts across the globe along with trade shows, motion production and films, exhibitions, music concerts, and sports events is anticipated to drive the growth of the global digital piano market. The changing consumer lifestyle along with the inclination of the millennia’s for advanced technological equipment is further driving the growth of the market. The Asia-Pacific region is anticipated to hold prominent share is due to the increasing technological innovation, presence of major market players and equipment providers such as Yamaha Corp., and Alpine Electronics. Furthermore rapid industrialization is boosting the market growth in the region. The changing consumer lifestyle and the rise in disposable income in emerging countries such as India and China are further propelling the growth of the Asia-Pacific digital piano in the forecast period.

Some major players in the market include CASIO COMPUTER CO., LTD., Guangzhou Pearl River Piano Group Co. Ltd., Kawai Musical Instruments Mfg. Co. Ltd., KORG Inc., Roland Corp., SAMICK PRECISION IND. CO. LTD., and Yamaha Corp., among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance,

• In July 2021, CASIO COMPUTER CO., LTD., the launched upcoming release of the PX-S1100 and PX-S3100, two new additions to its Privia lineup of digital pianos.
• In May 2021, Kawai Musical Instruments Mfg. Co., Ltd., launched of the KDP120 digital piano, the latest addition to the affordable KDP series of digital pianos.

Market Coverage                                                                                                         

• The market number available for – 2022-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- CASIO COMPUTER CO., LTD., Guangzhou Pearl River Piano Group Co. Ltd., Kawai Musical Instruments Mfg. Co. Ltd., KORG Inc., Roland Corp., SAMICK PRECISION IND. CO. LTD., and Yamaha Corp., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Digital Piano Market Report by Segment

By Type

• Vertical Digital Piano
• Grand Digital Piano
• Portable Digital Piano

By Application

• Learning and Teaching
• Entertainment
• Performance
• Others