Digital Piano Market 2017 Application, Demands and CAGR Report with Forecast to 2022

Global Digital Piano Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are increasing across the globe. A modern electronic musical instrument, a variant of electronic keyboard or synthesizer designed to operate primarily as an alternate to the traditional acoustic piano is known as a digital piano. The factors that propel the growth of the Digital Piano Market include technological innovations, increasing awareness among people, and rise in disposable income and increase in demand.

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On the other hand, there are also factors that may hamper the growth of the market such as high cost. Digital Piano Industry is classified on the basis of product type, applications, end user, distribution channel and geography. Digital Piano Industry is segmented by product type as Grand Digital Piano, Vertical Digital Piano, and Portable Digital Piano. Digital Piano Market is classified on applications as entertainment, learning and teaching, performance, and others. Digital Piano Market is categorized by end user as schools, musical organizations, hotels, and others. Digital Piano Industry is segmented by distribution channel as online stores, specialty stores and others. Digital Piano Market is classified on the basis of geography as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa.

The North American region consists of the U.S., and Canada. Latin America region consists of Mexico and Brazil. The Western European region consists of Germany, Italy, France, England and Spain. The Eastern European region consists of Poland and Russia. Asia Pacific region consists of China, India, ASEAN, and Australia & New Zealand. The Middle East and African region consists of GCC, South Africa and North Africa.

By geography, North America is projected to account a major share of the Digital Piano Market. Some of the key players that fuel the growth of the Digital Piano Industry include CASIO, Clavia, Guangzhou Pearl River Piano Group, KORG, KAWAI, Samick, Roland, Ringway Tech, YOUNG CHANG, Xinghai Piano Group and Yamaha. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

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