NEW YORK, Dec. 23, 2021 /PRNewswire/ —
Vinyl Records Market Facts at a Glance-
- Total Pages: 120
- Companies: 10+ – Including GZ Media AS, Implant Media Pty Ltd., Microforum Services Group, MPO France, Optimal media GmbH, Pallas Group, PrimeDisc International Ltd., Quality Record Pressings, Record Industry BV, and United Record Pressing among others.
- Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape; COVID impact & recovery analysis
- Segments: Product (LP/EP vinyl records and single vinyl records)
- Geographies: North America, APAC, Europe, South America, and MEA
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According to the recent market study by Technavio, the Vinyl Records Market is expected to increase by USD 563.97 billion from 2020 to 2025, at an accelerated CAGR of 8.41%. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.
North America will register the highest growth rate of 32% among the other regions. The US is the key market for vinyl records in North America. Market growth in this region will be slower than the growth of the market in the European and APAC regions.
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Vendor Insights-
The Vinyl Records Market is fragmented, and the vendors are deploying growth strategies such as focusing on product delivery through multiple distribution channels to compete in the market.
GZ Media AS – The company offers a wide range of vinyl records such as Standard Black Vinyl and 20 standard colors for Coloured vinyl – 6 transparent colors and 14 solid colors
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Revenue Generating Segment Market Outlook
The vinyl records market share growth by the LP/EP vinyl records segment will be significant for revenue generation. EP collections are among some of the most memorable band features currently around. Rising popularity, as well as promotional activities of EP records, would further propel the demand for LP/EP vinyl records.
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Latest Driver Driving the Market-
- Vinyl Records Market Driver:
- Aesthetic appeal of vinyl records:
One of the key factors driving growth in the vinyl records market is the aesthetic appeal of vinyl records. Over the years, the medium of music has changed in form and content. However, for an audiophile or a music lover, vinyl records are still considered to be an auratic product. Vinyl records still stand as one of the fastest-selling and growing mediums of music, despite the acceptance of digital media. The sales figures for major selling vinyl LPs prove that vinyl records still stand as an important medium to experience pop and rock music. One of the most potent aspects of vinyl records is their ability to represent important events in pop music history and heritage while still holding a sense of the cultural background, which is modern and urbane at the same time.
Find additional information about various other market Drivers in our FREE sample report.
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Vinyl Records Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 8.41% |
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Market growth 2021-2025 |
USD 563.97 million |
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Market structure |
Fragmented |
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YoY growth (%) |
6.97 |
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Regional analysis |
North America, APAC, Europe, South America, and MEA |
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Performing market contribution |
North America at 32% |
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Key consumer countries |
US, Germany, Japan, UK, and The Netherlands |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
GZ Media AS, Implant Media Pty Ltd., Microforum Services Group, MPO France, Optimal media GmbH, Pallas Group, PrimeDisc International Ltd., Quality Record Pressings, Record Industry BV, and United Record Pressing |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
