Vinyl records market to grow by USD 663.77 million, Leisure products industry is considered as the parent market – Technavio – Yahoo Finance

NEW YORK, Nov. 30, 2022 /PRNewswire/ — The global vinyl records market has been categorized as a part of the global leisure products industry within the global household durables market. The global leisure products market covers various categories, including vinyl records, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer-oriented games.
The vinyl records market size is expected to grow by USD 663.77 million between 2022 and 2027. In addition, the growth momentum of the market will accelerate at a CAGR of 8.41% during the forecast period, according to Technavio.
The report offers an up-to-date analysis regarding the overall market environment, the current market scenario, and the latest trends and drivers. Request Latest FREE PDF Sample Report
Vinyl records market 2023-2027: Scope
The vinyl records market covers the following areas:
Vinyl Records Market Size
Vinyl Records Market Trends
Vinyl Records Market Industry Analysis
Vinyl records market 2023-2027: Vendor Landscape
The global vinyl records market structure is fragmented. The competition in the market is intense due to the presence of several vendors that offer vinyl records. Vendors focus on innovations to maintain their market presence. Vendors operating in this market usually have long-term contracts with customers. Vendors are also adopting omnichannel retailing to increase their customer base.
Some key vendors in the market are GZ Media AS, Implant Media Pty Ltd., MPO Group, optimal media GmbH, and PrimeDisc International Ltd. Other vendors in the market are R.A.N.D MUZIK, Rainbo Records, Record Industry, Schallplattenfabrik Pallas GmbH, and United Record Pressing.
This report provides a full list of key vendors, their strategies, and the latest developments. Buy Full Report
Vinyl records market 2023-2027: Segmentation
Vinyl Records Market is segmented as below:
Product
The market size growth by the LP/EP vinyl records segment will be significant during the forecast period. Most record labels use LP vinyl as the standard format for vinyl records. The increasing demand for retro music is the major factor driving the growth of the segment in 2020. Vendors are also offering different colors in LP vinyl records for retro music with creative packaging to attract customers in the market. The rising popularity and promotional activities of EP records would further propel the demand for LP/EP vinyl records during the forecast period.
Geographic Landscape
North America is projected to contribute 32% of market growth by 2027. The US is the major revenue contributor to the vinyl records market in the region. The high spending capacity of the population drives the growth of the music market in the US. The high GDP per capita indicates the high spending capacity of the population, which allows them to spend on vinyl records. This is likely to increase the revenue generated by the music market in the country. Vinyl record sales in the US are witnessing continuous growth every year, which can positively influence the market’s growth momentum in the region during the forecast period.
Distribution channel
To gain further insights on the market contribution of various segments, Request a PDF Sample
Vinyl records market 2023-2027: Key Highlights
CAGR of the market during the forecast period 2023-2027
Detailed information on factors that will drive vinyl records market growth during the next five years
Precise estimation of the vinyl records market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the vinyl records market industry across
A thorough analysis of the market’s competitive landscape
Comprehensive details of factors that will challenge the growth of the vinyl records market
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Vinyl Records Market Scope
Report Coverage
Details
Page number
155
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 8.41%
Market growth 2023-2027
USD 663.77 million
Market structure
Fragmented
YoY growth (%)
6.97
Regional analysis
North America, APAC, Europe, South America, and Middle East and Africa
Performing market contribution
North America at 32%
Key countries
US, Japan, Germany, France, and UK
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Austep Music, Erika Records Inc., GZ Media AS, handle with care manufacturing, Implant Media Pty Ltd., Independent Record Pressing, Microforum Services Group, MPO France, Optimal media GmbH, Pallas Group, PrimeDisc International Ltd., Quality Record Pressings, R.A.N.D. MUZIK GbR, Record Industry BV.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
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.
Table of contents:
1 Executive Summary
1.1 Market Overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market Definition
3.2 Market segment analysis
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
4 Historic Market Size
4.1 Global vinyl records market 2017 – 2021
4.2 Product Segment Analysis 2017 – 2021
4.3 Distribution channel Segment Analysis 2017 – 2021
4.4 Geography Segment Analysis 2017 – 2021
4.5 Country Segment Analysis 2017 – 2021
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by Product
6.1 Market segments
6.2 Comparison by Product
6.3 LP/EP vinyl records – Market size and forecast 2022-2027
6.4 Single vinyl records – Market size and forecast 2022-2027
6.5 Market opportunity by Product
7 Market Segmentation by Distribution Channel
7.1 Market segments
7.2 Comparison by Distribution Channel
7.3 Online – Market size and forecast 2022-2027
7.4 Offline – Market size and forecast 2022-2027
7.5 Market opportunity by Distribution Channel
8 Customer Landscape
8.1 Customer landscape overview
9 Geographic Landscape
9.1 Geographic segmentation
9.2 Geographic comparison
9.3 North America – Market size and forecast 2022-2027
9.4 APAC – Market size and forecast 2022-2027
9.5 Europe – Market size and forecast 2022-2027
9.6 South America – Market size and forecast 2022-2027
9.7 Middle East and Africa – Market size and forecast 2022-2027
9.8 US – Market size and forecast 2022-2027
9.9 Germany – Market size and forecast 2022-2027
9.10 Japan – Market size and forecast 2022-2027
9.11 France – Market size and forecast 2022-2027
9.12 UK – Market size and forecast 2022-2027
9.13 Market opportunity by geography
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
11.3 Landscape disruption
11.4 Industry risks
12 Vendor Analysis
12.1 Vendors covered
12.2 Market positioning of vendors
12.3 GZ Media AS
12.4 handle with care manufacturing
12.5 Implant Media Pty Ltd.
12.6 Independent Record Pressing
12.7 Microforum Services Group
12.8 MPO France
12.9 Optimal media GmbH
12.10 Pallas Group
12.11 PrimeDisc International Ltd.
12.12 Quality Record Pressings
12.13 Record Industry BV
12.14 Stereodisk LLC
12.15 Takt Direct GmbH
12.16 United Record Pressing
12.17 Zenith Records
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
13.3 Currency conversion rates for US$
13.4 Research methodology
13.5 List of abbreviations
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 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: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio
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