Vinyl Records Market Size, Share, and Industry Report [2031]
Vinyl Records Market Size, Share, and Industry Report [2031]
Segments - Global Vinyl Records Market by Products (Single Vinyl Records and LP/EP Vinyl Records), Features (Colored, Picture, and Gatefold), Applications (Commercial and Private), Distribution Channels (Offline Stores, Online Stores, Supermarkets & Hypermarkets, and Others), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2023 - 2031
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| Report ID :CG-3021
| 4.2 Rating
| 84 Reviews
| 182 Pages
| Format :
Report Description
Global Vinyl Records Market Outlook 2031:
The global vinyl records market size was valued at USD 1.70 Billion in 2022 and is projected to reach USD 3.82 Billion by 2031, expanding at a CAGR of 9.4% during the forecast period 2023 - 2031. A vinyl record, also known as a gramophone record. Vinyl records deliver consumers a music quality, unrivaled appearance, and record experience.
The discs' cores can be made of metal, resin, cardboard, or glass, and the modulated sound information is written in grooves in the surface materials. A single concentric curved groove is etched on both sides of the disc, through which cobalt or stylus, or diamond needle is driven. Vinyl records continue to be the medium of choice for many audiophiles, as well as specialists in electronic dance music and hip hop.
Vinyl Records Market Trends, Drivers, Restraints, and Opportunities:
- Rapid urbanization, as well as vendors' use of Omni-channel retailing strategies to grow their consumer base, are fueling the market growth.
- Aggressive promotional initiatives by music personalities and celebrities, as well as rising consumer spending power, are expected to boost the market.
- Growing acknowledgment as heritage masterpieces by prominent artists, are some of the factors fueling the market.
- Increasing popularity of live events is expected to propel the market.
- Rising number of social VR spaces is estimated to boost the market.
- Music is streamed directly to mobile phones and other electronic devices due to high internet connections, which are hindering the product market growth.
- Rising number of digital music customers hampers the market.
Scope of Vinyl Records Market report:
The report on the vinyl records market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
|
Attributes |
Details |
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Report Title |
Vinyl Records Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Products (Single Vinyl Records and LP/EP Vinyl Records), Features (Colored, Picture, and Gatefold), Applications (Commercial and Private), Distribution Channels (Offline Stores, Online Stores, Supermarkets & Hypermarkets, and Ot |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Independent Record Pressing; R.a.n.d.muzik Record Manufacturing; Optimal Media; GZ Media; MPO International; PrimeDisc International Limited; Implant Media Pty Ltd.; Quality Record Pressings; Record Industry; Stereodisk LLC; and United Record Pressing |
Vinyl Records Market Segment Insights:
The LP/EV vinyl records segment is projected to hold significant market share
Based on products, the vinyl records market can be bifurcated into single vinyl records and LP/EP vinyl records. The LP/EV vinyl records segment is projected to hold significant market share. These are the most popular among consumers, and they have the capability of providing extended play hours, which is also dependent on the labels of the records as provided by the record business.
Single vinyl records segment is projected to expand at a rapid pace in the coming years. Single plays are mostly popular as collectors' items. Single play typically has 1 or 2 songs saved. Because some tracks are rarely available on single vinyl records, consumers desire to have exclusive tunes on single play records for their collection.
The colored feature segment is anticipated to account for a substantial share
On the basis of features, the market can be segmented into colored, picture, and gatefold. The colored feature segment is anticipated to account for a substantial share. As compared to their black counterparts, colorful vinyl discs produce far more noise and screech. These factors are anticipated segment growth.
The commercial segment expands at a rapid pace during the forecast period
In terms of applications, the vinyl records market can be fragmented into commercial and private. The commercial segment expands at a rapid pace during the forecast period. Vinyl records are the major medium for commercial music creation, but they are increasingly gaining popularity among new-generation artists as well.
The offline stores segment is estimated to register a substantial growth rate
Based on distribution channels, the market can be segregated into offline stores, online stores, supermarkets & hypermarkets, and others. The offline stores segment is estimated to register a substantial growth rate during the projected period.
A wider range of variety and promotional events organized by stores, as well as appealing discount offers are the better options. The stores sell rare and collectible vinyl records as well as authentic and vintage gramophones.
Asia Pacific is expected to dominate the market
In terms of regions, the vinyl records market is classified as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. Asia Pacific is expected to dominate the market. Vintage record purchasers frequently hunt for bargains at thrift stores and antique stores. Millennials and Generation X are following vintage fashion trends that are making a comeback in the market.
Segments
By Products
- Single Vinyl Records
- LP/EP Vinyl Records
By Features
- Colored
- Picture
- Gatefold
By Applications
- Commercial
- Private
By Distribution Channels
- Offline Stores
- Online Stores
- Supermarkets & Hypermarkets
- Others
By Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
By Key Players
- Independent Record Pressing
- R.a.n.d.muzik Record Manufacturing
- Optimal Media
- GZ Media
- MPO International
- PrimeDisc International Limited
- Implant Media Pty Ltd.
- Quality Record Pressings
- Record Industry
- Stereodisk LLC
- United Record Pressing
Competitive Landscape
Key players in the vinyl records market include Independent Record Pressing; R.a.n.d.muzik Record Manufacturing; Optimal Media; GZ Media; MPO International; PrimeDisc International Limited; Implant Media Pty Ltd.; Quality Record Pressings; Record Industry; Stereodisk LLC; and United Record Pressing. These players have widely engaged in various market development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Vinyl Records Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Vinyl Records Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vinyl Records Market - Supply Chain
4.5. Global Vinyl Records Market Forecast
4.5.1. Vinyl Records Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vinyl Records Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Vinyl Records Market Absolute $ Opportunity
5. Global Vinyl Records Market Analysis and Forecast by Applications
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Applications
5.2.2. Y-o-Y Growth Projections by Applications
5.3. Vinyl Records Market Size and Volume Forecast by Applications
5.3.1. Commercial
5.3.2. Private
5.4. Absolute $ Opportunity Assessment by Applications
5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Vinyl Records Market Analysis and Forecast by Region
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Region
6.2.2. Y-o-Y Growth Projections by Region
6.3. Vinyl Records Market Size and Volume Forecast by Region
6.3.1. North America
6.3.2. Latin America
6.3.3. Europe
6.3.4. Asia Pacific
6.3.5. Middle East and Africa (MEA)
6.4. Absolute $ Opportunity Assessment by Region
6.5. Market Attractiveness/Growth Potential Analysis by Region
6.6. Global Vinyl Records Demand Share Forecast, 2019-2026
7. North America Vinyl Records Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.2. North America Vinyl Records Market Size and Volume Forecast by Country
7.2.1. U.S.
7.2.2. Canada
7.3. Absolute $ Opportunity Assessment by Country
7.4. North America Vinyl Records Market Size and Volume Forecast by Applications
7.4.1. Commercial
7.4.2. Private
7.5. Basis Point Share (BPS) Analysis by Applications
7.6. Y-o-Y Growth Projections by Applications
7.7. Market Attractiveness/Growth Potential Analysis
7.7.1. By Country
7.7.2. By Product Type
7.7.3. By Application
7.8. North America Vinyl Records Demand Share Forecast, 2019-2026
8. Latin America Vinyl Records Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Latin America Average Pricing Analysis
8.2. Latin America Vinyl Records Market Size and Volume Forecast by Country
8.2.1. Brazil
8.2.2. Mexico
8.2.3. Rest of Latin America
8.3. Absolute $ Opportunity Assessment by Country
8.4. Latin America Vinyl Records Market Size and Volume Forecast by Applications
8.4.1. Commercial
8.4.2. Private
8.5. Basis Point Share (BPS) Analysis by Applications
8.6. Y-o-Y Growth Projections by Applications
8.7. Market Attractiveness/Growth Potential Analysis
8.7.1. By Country
8.7.2. By Product Type
8.7.3. By Application
8.8. Latin America Vinyl Records Demand Share Forecast, 2019-2026
9. Europe Vinyl Records Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Europe Average Pricing Analysis
9.2. Europe Vinyl Records Market Size and Volume Forecast by Country
9.2.1. Germany
9.2.2. France
9.2.3. Italy
9.2.4. U.K.
9.2.5. Spain
9.2.6. Russia
9.2.7. Rest of Europe
9.3. Absolute $ Opportunity Assessment by Country
9.4. Europe Vinyl Records Market Size and Volume Forecast by Applications
9.4.1. Commercial
9.4.2. Private
9.5. Basis Point Share (BPS) Analysis by Applications
9.6. Y-o-Y Growth Projections by Applications
9.7. Market Attractiveness/Growth Potential Analysis
9.7.1. By Country
9.7.2. By Product Type
9.7.3. By Application
9.8. Europe Vinyl Records Demand Share Forecast, 2019-2026
10. Asia Pacific Vinyl Records Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Asia Pacific Average Pricing Analysis
10.2. Asia Pacific Vinyl Records Market Size and Volume Forecast by Country
10.2.1. China
10.2.2. Japan
10.2.3. South Korea
10.2.4. India
10.2.5. Australia
10.2.6. Rest of Asia Pacific (APAC)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Asia Pacific Vinyl Records Market Size and Volume Forecast by Applications
10.4.1. Commercial
10.4.2. Private
10.5. Basis Point Share (BPS) Analysis by Applications
10.6. Y-o-Y Growth Projections by Applications
10.7. Market Attractiveness/Growth Potential Analysis
10.7.1. By Country
10.7.2. By Product Type
10.7.3. By Application
10.8. Asia Pacific Vinyl Records Demand Share Forecast, 2019-2026
11. Middle East & Africa Vinyl Records Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Middle East & Africa Average Pricing Analysis
11.2. Middle East & Africa Vinyl Records Market Size and Volume Forecast by Country
11.2.1. Saudi Arabia
11.2.2. South Africa
11.2.3. UAE
11.2.4. Rest of Middle East & Africa (MEA)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Middle East & Africa Vinyl Records Market Size and Volume Forecast by Applications
11.4.1. Commercial
11.4.2. Private
11.5. Basis Point Share (BPS) Analysis by Applications
11.6. Y-o-Y Growth Projections by Applications
11.7. Market Attractiveness/Growth Potential Analysis
11.7.1. By Country
11.7.2. By Product Type
11.7.3. By Application
11.8. Middle East & Africa Vinyl Records Demand Share Forecast, 2019-2026
12. Competition Landscape
12.1. Global Vinyl Records Market: Market Share Analysis
12.2. Vinyl Records Distributors and Customers
12.3. Vinyl Records Market: Competitive Dashboard
12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
12.4.1. Independent Record Pressing
12.4.2. R.a.n.d.muzik Record Manufacturing
12.4.3. Optimal Media
12.4.4. GZ Media
12.4.5. MPO International
12.4.6. PrimeDisc International Limited
12.4.7. Implant Media Pty Ltd.
Methodology
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