The company began in 1978 when a team of technicians, including acoustic physicists, wood technologists, piano makers and pianists was formed around the pianist and engineer promoter of the enterprise, Paolo Fazioli. Fazioli Pianoforti s.r.l. was formally established in January 1981.
They currently offer six models of grand pianos, the largest being the Fazioli F308, which at 3.08 m (10 ft 2 in) in length is the longest piano available on the general market.
The Fazioli is noted for its inclusion of a fourth pedal on the F308. This pedal, a Fazioli creation, brings the hammers closer to the strings, decreasing the volume while maintaining the normal tone.
Fazioli currently produces 110 pianos a year from its one factory, and has annual revenues of €6 million.
The Economist reported on June 7, 2003, that "some artists believe that Fazioli now makes the best pianos in the world." As per the Fazioli web site at fazioli.com, the list of pianists who play or have played on Fazioli instruments includes Vladimir Ashkenazy, Maurizio Baglini, Lazar Berman, Alfred Brendel, Aldo Ciccolini, France Clidat, Arnaldo Cohen, Aquiles Delle Vigne, Nikolai Demidenko, Jörg Demus, Annie Fischer, Serg van Gennip, Henry Butler, Richard Goode, Hélène Grimaud, Friedrich Gulda, Herbie Hancock, Angela Hewitt, Stephen Hough, Elisabeth Leonskaja, Louis Lortie, Gianluca Luisi, Nikita Magaloff, Olli Mustonen, Garrick Ohlsson, Rafael Orozco, Murray Perahia, Eliane Rodrigues, Dubravka Tomsic, Geoffrey Tozer, Tamás Vásáry, Maksim Mrvica, and many others.