The
global
piano market is expected to grow at a CAGR of 2.31% during the forecast
period. Based on the product, the global piano market has been segmented into acoustic pianos and
digital pianos.

Acoustic pianos offer several
advantages over digital pianos. They produce better sound and provide a more
authentic, warmer, and resonant tone than digital pianos. Acoustic pianos are
more touch sensitive than digital pianos. The strength and movement of the
fingers determine the tone of the sound of acoustic pianos and lead to the
production of different types of sound with the same key. Digital pianos can
only mimic the sound of acoustic pianos, as their sound is digital. The
above-mentioned advantages increase the demand for acoustic pianos.
The average selling cost of acoustic
pianos is higher than digital pianos. Acoustic pianos also require regular
maintenance. Their strings are prone to damage and might require frequent
tuning. Despite such needs, most musicians prefer acoustic pianos, owing to the
sound quality and musical expression of such pianos. These factors will drive
the growth of the acoustic pianos segment of the global piano market during
the forecast period.
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