Vinyl Records Market size to grow by USD 563.97 million| Technavio
Vinyl Records Market size to grow by USD 563.97 million| Technavio
According to the research report "Vinyl Records Market by Product and Geography - Forecast and Analysis 2021-2025", the market witnessed a YOY growth of 6.97% in 2021 and a CAGR of 8.41% during the forecast period. The report is segmented by product (LP/EP vinyl records and single vinyl records) and geography (North America, APAC, Europe, South America, and MEA).
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Market Scope
The report covers the following areas:
Vendor Insights
The vinyl records market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market vendors, 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
- United Record Pressing
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Geographical Market Analysis
North America will provide maximum growth opportunities in the vinyl records market during the forecast period. According to our research, the region will contribute to 32% of the global market growth during the forecast period. The US is the major market for vinyl records in North America.
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Key Segment Analysis
The vinyl records market share growth by the LP/EP vinyl records segment will be significant during the forecast period. Rising popularity, as well as promotional activities of EP records, would further propel the demand for LP/EP vinyl records.
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Key Market Drivers & Challenges:
The aesthetic appeal of vinyl records is one of the key factors driving the growth of the vinyl records market. Vinyl records are one of the fastest-selling and growing mediums of music, despite the acceptance of digital media. Such records are preferred by collectors, audiophiles, and DJs.
Coping with the demand is a major challenge being faced by manufacturers. The limited stock of factories compared to the huge number of labels worldwide has created a major challenge for the supply side of vinyl records. A few plants operating across the world that press records have been trying to meet the huge demand, which has resulted in long delays and other production problems.
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Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist vinyl records market growth during the next five years
- Estimation of the vinyl records market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the vinyl records market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of vinyl records market vendors
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Table of Contents
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- LP/EP vinyl records - Market size and forecast 2020-2025
- Single vinyl records - Market size and forecast 2020-2025
- Market opportunity by Product
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2020-2025
- APAC - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- 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
- United Record Pressing
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
