In 2023, the import value of upright pianos, including auto-players, to the US stood at 12.19 thousand, marking the last data before forecasts. Forecasts from 2024 to 2028 show a consistent decline. The year-on-year percentage variations reveal a steady decrease: 2025 sees a -6.82% change, 2026 experiences a -7.22% reduction, 2027 marks a -7.50% decline, and 2028 holds a -8.00% drop. The compound annual growth rate (CAGR) over this period is negative, signaling a downturn in imports annually. These numbers reflect a continuous downward trend in the importation of upright pianos to the US.
Future trends to watch for include shifts in consumer preferences, the potential impact of technological advancements in digital music instrumentation, and economic factors affecting consumer spending on luxury goods, which could influence the continued decline in piano imports.
