Record Stores in the US - Industry Market Research Report

Record Stores in the US - Industry Market Research Report

  • September 2021 •
  • 38 pages •
  • Report ID: 198935 •
  • Format: PDF
Press pause: Renewed interest in vinyl from younger consumers will likely help mitigate declining revenue

Abstract

Record Stores in the US
Operators in the Record Stores industry primarily retail prerecorded audio and videotapes, CDs, DVDs, Blu-Ray discs and phonographic records. Over the five years to 2019, sustained shifts in consumer preferences and competition from large discount and online retailers have hampered consumer demand for the Record Stores industry. Likewise, digital retailers and streaming services have positioned themselves as affordable, convenient alternatives to CDs and DVDs. Streaming services, in particular, have risen in popularity among music and film enthusiasts due to the premium selection of content offered for a monthly fee. Moving forward, the Record Stores industry is expected to continue its structural descent as on-demand streaming services and digital downloads dominate as preferred entertainment consumption platforms. However, industry revenue is expected to decline at a slower pace as the vinyl record sales rebound. Renewed interest in vinyl from the college-age demographic has contributed to consecutive growth in vinyl sales over the past decade, and this trend is expected to continue during the outlook period with projected growth in discretionary income.

Record stores primarily retail prerecorded audio and videotapes, CDs, DVDs, Blu-ray discs and phonograph records. Online sales are excluded from this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Loading...

We are very sorry, but an error occurred.
Please contact [email protected] if the problem remains.