Average price of a grand piano in the U.S. 2005-2020

In 2020, the average unit price for a grand piano was 23 thousand U.S. dollars, up from 21.9 thousand in the previous year. Generally, pianos are distinguished into two types: grand and upright pianos. A grand piano has horizontal strings and frame, the strings spreading away from the keyboard. On the other hand, an upright piano has a vertical frame and strings, and is usually less expensive than a grand piano.

Fall trends

In the United States, the wholesale value of grand pianos was approximately 78.83 million U.S. dollars in 2020, denoting a sharp drop over the previous year. The number of grand pianos sold in the U.S. in 2020 also experienced a significant decline year-on-year, passing from 9.65 thousand in 2019 to roughly six thousand in 2020.

Do U.S. consumers like classical music?

In a 2018 survey, around 17 percent of respondents stated that they were currently listening to classical music, which makes classical music one of the least listened to music genres among U.S. consumers. Ranking first was rock music, with over 56 percent of respondents stating they have a preference for this genre.