Vinyl Records Market by Product and Geography - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR40983
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The vinyl records market share is expected to increase by USD 563.97 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 8.41%.

This vinyl records market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (LP/EP vinyl records and single vinyl records) and geography (North America, APAC, Europe, South America, and MEA). The vinyl records market report also 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, and United Record Pressing among others.

What will the Vinyl Records Market Size be During the Forecast Period?

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Vinyl Records Market: Key Drivers and Challenges

The aesthetic appeal of vinyl records is notably driving the vinyl records market growth, although factors such as challenges from the digital music format may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the vinyl records industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Vinyl Records Market Driver

The aesthetic appeal of vinyl records will fuel the growth of the vinyl records market size during the forecast period. For an audiophile or a music lover, vinyl records are still considered to be an auratic product. The experience of listening to music stands as one of the major reasons for the demand for vinyl records. In addition to the market for new vinyl records and the new vinyl re-releases of classic and important music albums, vinyl records still remain an important product in second-hand markets. Such old vinyl records primarily stand their importance on their relative rarity as a pressing and as a memento and a collector's item to be possessed and owned. 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. The consistent factor of appraisal among all these products is the kind of aesthetic experience provided by them. 

Key Vinyl Records Market Challenge

The challenges from the digital music format may hinder the vinyl records market growth during the forecast period. There is a growing individual inclination toward music downloads and subscriptions. This can adversely affect the sales of the physical formats of music, such as vinyl records. In addition, the increasing number of paid streaming music subscriptions is one of the factors driving the growth of the music industry in the US. Therefore, the increasing number of subscribers for digital music formats can hinder the potential growth of physical music formats, such as vinyl records, during the forecast period. Other than this, mobility and ease of access stand as one of the major growth formats for the growth of the online segment. A fast Internet connection has allowed direct music into cellphones or any other electronic devices. On the go, services have led to a surge in demand in this segment. 

This vinyl records market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Vinyl Records Market Vendors?

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

 

This statistical study of the vinyl records market encompasses successful business strategies deployed by the key vendors. The vinyl records market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The vinyl records market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Vinyl Records Market?

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32% of the market’s growth will originate from North America during the forecast period. The US is a key market for vinyl records in North America. Market growth in this region will be faster than the growth of the market in MEA and South America.

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Vinyl Records Market?

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The vinyl records market share growth by the LP/EP vinyl records segment will be significant during the forecast period. LP/EP vinyl records are mostly used in album launches. 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 during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the vinyl records market size and actionable market insights on post COVID-19 impact on each segment.

 

Vinyl Records Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 8.41%

Market growth 2021-2025

$ 563.97 million

Market structure

Fragmented

YoY growth (%)

6.97

Regional analysis

North America, APAC, Europe, South America, and MEA

Performing market contribution

North America at 32%

Key consumer countries

US, Germany, Japan, UK, and The Netherlands

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key 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

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, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Vinyl Records Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • 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 industry across North America, APAC, Europe, South America, and MEA
  • A thorough 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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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

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
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      The vinyl records market growth will increase by $563.97 million during 2020-2025.
      The vinyl records market is expected to grow at a CAGR of 8.41% during 2020-2025.
      Technavio has segmented the vinyl records market by product (LP/EP vinyl records and Single vinyl records) and geographic (North America, APAC, Europe, South America, and MEA).
      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 are a few of the key vendors in the vinyl records market.
      North America will register the highest growth rate of 32.09% among the other regions. Therefore, the vinyl records market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • Germany
      • Japan
      • UK
      • The Netherlands
      The key factors driving the vinyl records market growth are:
      • Aesthetic appeal of vinyl records
      • Increasing number of social VR spaces
      The vinyl records market vendors should focus on grabbing business opportunities from the lp/ep vinyl records segment as it accounted for the largest market share in the base year.
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