Global Pianos Market to Cross 1 Million Units Mark by 2012 According to New Report by Global Industry Analysts Inc.



Undergoing several changes over the years, the piano industry has come a long way. Several eastern countries are emerging as market leaders, leaving behind the US, which previously held the market reins. Chinese piano production volumes are increasing in contrast to the otherwise depressed global production and the region is emerging as one of the major players in the piano industry.

Piano market (http://www.strategyr.com/Musical_Instruments_Pianos_Market_Report.asp) in Asia-Pacific is estimated at 458.2 thousand units, as stated by Global Industry Analysts, Inc. China accounts for more than 35% of the global piano sales. The overall industry has witnessed several major changes in the past few years such as capacity expansions as a result of refurbishment of the public sector. Several international players are shifting their base to Asia-Pacific, as the region provides several cost benefits including lower production costs. On the other hand, various Japanese manufacturers have increased their focus on the price resilient upper end markets by manufacturing products utilizing their avant-garde production technologies. Novelty of the digital piano caught up with the imagination of the users, increasing the demand for electronic pianos. World digital piano market (http://www.strategyr.com/Musical_Instruments_Pianos_Market_Report.asp) is expected to register a CAGR of 1.15% over the period 2000-2010. Manufacturers of conventional pianos are therefore facing a tough competition from the emerging digital piano manufacturers.

Factors such as price sensitivity, shifting consumer interest towards athletics, environment sensitivity of the pianos and increasing number of label imposters are negatively affecting the market.

The report titled "Musical Instruments (Pianos): A Global Strategic Business Report" published by Global Industry Analysts, Inc., provides a comprehensive review of market trends and factors influencing the market, competition, musical instrument overview, product introductions/innovations, and recent industry activity. The study provides market analytics in terms of volume sales for the United States, Canada, Japan, Europe, Asia-Pacific and Latin America for the period 2000-2015. Product segments analyzed include Acoustic Pianos (Grand and Upright), Electronic Player and Digital Piano.

Market participants include Baldwin Piano & Organ, Casio Computer, Guangzhou Pearl River Piano, Kawai Musical Instruments, Petrof Spol, Roland Corporation, Samick Musical Instruments, Steinway Musical Instruments, Yamaha Corp, Kemble & Company and Young Chang.

For more details about this research report, please visit

http://www.strategyr.com/Musical_Instruments_Pianos_Market_Report.asp

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) (http://www.strategyr.com) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.

Telephone 408-528-9966

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Email press@StrategyR.com

Web Site www.StrategyR.com





Global Pianos Market to Cross 1 Million Units Mark by 2012 According to New Report by Global Industry Analysts Inc.




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