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The report offers extensive research analysis on the Europe - Vinyl Records Market, with a categorization based on Product, including LP/EP vinyl records and single vinyl records. It further segments the market by Distribution Channel, encompassing offline and online. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD million) for all the mentioned segments. The report covers market trends and analysis and also includes an in-depth analysis of the aesthetic appeal of vinyl records, the innovation in vinyl record manufacturing processes, and the growing demand for online music streaming.
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Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the Europe Vinyl Records Market. One of the major companies in the market growth analysis include:
Deepgrooves BV: The company offers vinyl records in different sizes such as 7-inch, 10-inch, 12-inch records.
The market report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
CSM Production GmbH, Edel SE and Co. KGaA, Europress Vinyl Srl, FOUR Manufacturing Services GmbH, GZ Media AS, handle with care, Krakatoa Records, Kuroneko Media, media care, MPO France, Pallas Group, Press Play Vinyl, R.A.N.D. MUZIK GbR, Record Industry BV, T mediagroup GmbH, Takt Direct GmbH, The Vinyl Factory Ltd., Vinilificio, and Vinyl De Pari
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified. Furthermore, market growth and forecasting it is also quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Our market research and growth reports cover the data with 2023 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the Europe vinyl records market growth is the aesthetic appeal of vinyl records. The digitalization of music has fuelled the sales of digital music players. In addition, the medium of music has evolved in terms of form and content over the years. However, audiophiles and music lovers consider vinyl records to be auratic products.
Therefore, vinyl records are one of the fastest-selling and growing mediums of music in Europe despite the popularity of digital media. Moreover, the listening experience is one of the major reasons for the high demand for vinyl records in Europe. In addition, one of the key features of vinyl records is their ability to represent important events in pop music history and heritage while providing a sense of the cultural background, which is modern and urbane. Hence, such factors are driving the Europe vinyl records market growth during the forecast period.
A key factor shaping the Europe vinyl records market growth is the innovation in vinyl record manufacturing processes. PVC, which is widely used to create vinyl records, is non-degradable, and its disposal generates landfill issues. In addition, the process of disposing of plastics incurs high labor and equipment costs. Furthermore, owing to the rising focus on recycling by governments and environmental organizations, plastic manufacturers are focusing on adopting alternate solutions to reduce the dumping of plastic in landfills.
Moreover, finished vinyl records may contain toxic additives, such as carbon black and heavy metals, which are added as stabilizing agents to PVC to prevent the degradation of records. In addition, some vintage vinyl records are likely to contain cadmium or lead, which are toxic to humans. Hence, such factors are driving the Europe vinyl records market growth during the forecast period.
Growing demand for online music streaming is one of the key challenges hindering the Europe vinyl records market growth. The global music industry is shifting from the physical format to online streaming and downloads. In addition, the preference for music downloads and subscriptions has adversely affected the sales of physical formats of music, such as CDs, DVDs, and vinyl records.
Moreover, factors such as mobility and ease of access drive the growth of the online segment. In addition, the availability of good-quality Internet connectivity has improved access to music on cell phones and other electronic devices. In addition, the availability of on-the-go services has also increased the demand for online music streaming. Hence, such factors are hindering the Europe vinyl records market growth during the forecast period.
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The LP/EP vinyl records segment is estimated to witness significant growth during the forecast period. LP segment can be referred to as a phonograph record format, which is characterized by a speed of more than 33 rpm and a 12- or 10-inch diameter. In addition, most of the record labels use LP vinyl as the standard format for vinyl records. The LP/EP vinyl records segment was the largest segment and was valued at USD 242.81 million in 2018. For example, music On vinyl, a vinyl-only record label in the Netherlands, releases LP and 7 vinyl pressings of titles licensed from a wide range of record companies and artists. In addition, the increasing demand for retro music in the region was the major factor driving the growth of the segment in 2023. Furthermore, companies are also offering different colors of LP vinyl of retro music with creative packaging to attract customers in the market. Hence, such factors are fuelling the growth of this segment which in turn drives the Europe vinyl records market growth during the forecast period.
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Based on the distribution channel, the market has been segmented into offline and online. The offline?segment will account for the largest share of this segment.
Europe Vinyl Records Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2023 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.43% |
Market Growth 2024-2028 |
USD 166.42 million |
Market structure |
Fragmented |
YoY growth (%) |
7.52 |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
CSM Production GmbH, Deepgrooves BV, Edel SE and Co. KGaA, Europress Vinyl Srl, FOUR Manufacturing Services GmbH, GZ Media AS, handle with care, Krakatoa Records, Kuroneko Media, media care, MPO France, Pallas Group, Press Play Vinyl, R.A.N.D. MUZIK GbR, Record Industry BV, T mediagroup GmbH, Takt Direct GmbH, The Vinyl Factory Ltd., Vinilificio, and Vinyl De Pari |
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. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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