The Report Global and China Piano Industry Report, 2014-2017 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz
Albany, NY -- (SBWIRE) -- 01/15/2015 -- Global piano industry, which originated from Europe in the 18th century, has begun to shift to China since the late 1990s. At present, China has been the world's largest piano producer, with the output for 2013 hitting 376,000 units, making up 79.6% of the global total.
Meanwhile, the piano demand in China has been growing, with the year 2013's ownership of pianos per 100 urban households approaching 3.0 units. It is projected that this figure will rise to 3.25 units by 2015 and 4.0 units by 2020.
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Driven by a boom in both output and sales volume, China's pianos showed a steady growth in imports, with a CAGR of 29.3% during 2008-2013. In Jan.-Jul.2014, China imported a total of 75,000 pianos, up 15.4% from a year earlier.
In view of a certain gap in piano ownership between China and developed countries (20-30 pianos per 100 households) and the resultant great potential for growth, some well-known foreign manufacturers such as Yamaha and Steinway have sped up their layout in China.
Yamaha entered the Chinese market in 2002 and has so far established 6 subsidiaries in China, including a piano manufacturer -- Hangzhou Yamaha Musical Instruments that produced 67,000 pianos in 2013.
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Steinway, which ventured into the Chinese market in 2013, mainly operates the following brands: Steinway, Boston, Essex, and Lang Lang. In 2013, the company's piano revenue reached USD220 million, up 3.6% year on year, including revenue of USD15.6 million from China, an increase of 21.3% compared with the previous year.
In addition, the Chinese piano manufacturers are stepping up the layout of piano business, including Pearl River Piano and Hailun Piano, etc.
Pearl River Piano: as China's largest piano manufacturer, Pearl River Piano produced 139,000 pianos in 2013. In September 2014, the company made a proposed investment of RMB98 million (98%) to establish "Guangzhou Zhuguang Media Co., Ltd." with Guangzhou Duoping Culture Industry Investment Co., Ltd. (2%), in an attempt to further improve the three major business pattern—piano, music education, and culture media.
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Hailun Piano: In June 2013, a 17,500 units/a piano expansion project was formally put into operation, which raised the company's total piano capacity to 42,500 units per year. In 2014, the company has been constructing Piano Manufacturing Technology Center and a 45,000 units/a piano movement manufacturing project, which are scheduled to go into operation in October 2014 and October 2016, respectively.
Indian Online Retail (E-Tailing) Market - Trends & Opportunities 2014-2019
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The online retail market has evolved and grown significantly over the past few years. Asia Pacific is emerging as the fastest growing region for online retail with China showing tremendous potential. In India, online retail or E-tailing market represents a very small fraction of the total retail market India, but holds immense business potential driven mostly by growing internet penetration, increasing usage of smart phones, cost advantages and huge funding by private equity investors.
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Popularity of cash-on-delivery (COD) and rising working women, growing acceptability of online payments, favorable demographics, and lack of organized retail market are the other key factors driving the growth of online retail in India. Indian Online Retail (E-Tailing) Market - Trends & Opportunities 2014-2019 provides an insight into the online retail industry of India. The report assesses the market sizing and growth of the online retail market, the growth of various segments, the business model adopted by the e-tailers, segmentation on various parameters and distribution structure. The report also discusses key factors driving growth of the industry, major trends and challenges faced by e-tailing companies in India. Further, key players like Flipkart, Amazon, Snapdeal and EBay are profiled in the report.
Global Luggage Market Report: 2014 Edition
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The worldwide luggage market includes a wide range of products that vary in quality and prices. Premium luggage bags are costly, high quality, full-featured products and have selective distribution. In addition, there is a broad middle market in which products are differentiated by features, brand name and price. Both organized and unorganized players operate in this segment.
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Within this market, sales are largest at mid and low product price levels. Product differentiation decreases and breadth of distribution increases at lower price levels. At the lower end of the luggage market, unbranded or private label products with few differentiating features are sold in significant volumes and at low margins, competing primarily on the basis of price.
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