DUBLIN--(BUSINESS WIRE)--The "Vinyl Records - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for Vinyl Records is estimated at US$1.5 Billion in 2023 and is projected to reach US$2.4 Billion by 2030, growing at a CAGR of 7.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the vinyl records market is driven by several factors. The increasing demand for physical media in a predominantly digital age reflects a broader trend towards nostalgia and the desire for authentic, tangible experiences. Vinyl`s resurgence is also fueled by the support of independent and mainstream artists who appreciate the format`s artistic and aesthetic value, often releasing special editions and exclusive content on vinyl.
Collectors and younger generations seeking to connect with music history and experience albums as they were originally intended further contribute to market growth. Additionally, the rise of Record Store Day and similar events has galvanized a community of vinyl enthusiasts, boosting sales and fostering a culture around vinyl collecting.
The continuous innovation in record player technology and the integration of modern features have made vinyl more accessible to new audiences. These factors collectively ensure robust growth in the vinyl records market, revitalizing an iconic medium and securing its place in the modern music industry.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Vinyl Records Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Vinyl Records Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the LP / EP Vinyl Records segment, which is expected to reach US$2.0 Billion by 2030 with a CAGR of a 7.3%. The Single Vinyl Records segment is also set to grow at 6.0% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $403.5 Million in 2023, and China, forecasted to grow at an impressive 11.3% CAGR to reach $526.8 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as A to Z Media, Burlington Record Plant, Deepgrooves BV, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 274 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $1.5 Billion |
| Forecasted Market Value (USD) by 2030 | $2.4 Billion |
| Compound Annual Growth Rate | 7.1% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Vinyl Records - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Revival of Retro and Vintage Culture Propels Growth of Vinyl Records Market
- Rising Demand for High-fidelity Audio Experiences Drives Market Expansion
- Growth of Collectible and Limited Edition Vinyl Releases Spurs Market Dynamics
- Impact of COVID-19 on Music Consumption Patterns Accelerates Market Shift
- Growing Influence of Record Store Day and Music Festivals Generates Demand
- Increasing Use of Vinyl Records in DJ and Music Production Drives Adoption
- Rising Interest in Physical Music Formats Among Younger Generations Supports Market Growth
- Influence of Social Media and Digital Marketing Strategies Enhances Market Visibility
- Growth of Independent Record Stores and Vinyl Communities Sustains Market
- Increasing Awareness of Music Preservation and Archival Practices Drives Market
- Impact of Audiophile and Collector Trends on Vinyl Record Sales Spurs Market Dynamics
FOCUS ON SELECT PLAYERS (Total 43 Featured)
- A to Z Media
- Burlington Record Plant
- Deepgrooves BV
- Disc Makers
- Erika Records Inc.
- Guangzhou Yong Tong A&V Manufacture Limited
- GZ Media, a.s.
- Microforum Vinyl Record Pressing
- MPO International
- Optimal Media GmbH
- Pirates Press, Inc.
- PrimeDisc International Limited
- Record Industry
- United Record Pressing
- Vinilificio
For more information about this report visit https://www.researchandmarkets.com/r/4bry2k
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