The piano industry has been seeing steep downfalls in recent years due to various economic factors and lacking consumer sentiment. As unemployment rates declined, so did the piano industry. However, an expected 5.3% jump in 2012 resulted in over $91 million dollars in lost revenue. This is followed by concurring years with 30% and 25% losses. The following selection of famous piano brands and logos are from known manufacturers in the industry that continue to maintain an operating business through increasing losses.
The market share for this industry is operated by four top companies that account for over 63% of industry revenue. United States manufacturing is dominated by Steinway and Sons, Boston and Essex piano products. Yamaha is currently referred to as one of the most vital piano manufacturers in the world generating increasing market grow in China.
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