Vinyl Record Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

Vinyl Record Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025

  • July 2020 •
  • 126 pages •
  • Report ID: 5949614 •
  • Format: PDF
The global vinyl record market grew at a CAGR of around 7% during 2014-2019.

A vinyl record, or phonograph record, refers to an analog sound storage device that consists of a disc manufactured using polyvinyl chloride plastic. The discs can have a metal, resin, cardboard or glass core, and the modulated sound information is inscribed in the surface materials in grooves. The disc is incised on both sides with a single concentric spiral groove, in which a sapphire or diamond needle or stylus is run. Traditionally, these records were used as the primary medium for commercial music production; however, they are now gaining immense traction among the new-generation artists as well.

The market is primarily being driven by rapid urbanization, along with the adoption of omnichannel retailing practices by vendors to increase their consumer base. Music collectors, audiophiles and disc jockeys (DJs) consider vinyl records as a prized possession and are increasingly using them for concerts, shows and music recordings. Furthermore, these records also represent a significant part of pop music history and heritage, which is increasing their demand significantly in the contemporary music scenario. Popular music labels are organizing events to release and offering deluxe or limited-edition albums to promote vinyl records. Additionally, product manufacturers are integrating various technological advancements in the records to enhance disc capacity, maintain high-definition (HD) audio quality and minimize the overall costs of production. Other factors, such as aggressive promotional activities by celebrities and music personalities, along with increasing expenditure capacities of consumers, are projected to drive the market further. Looking forward, the analyst expects the global vinyl record market to continue its moderate growth during the next five years.

Breakup by Product:
LP/EP Vinyl Records
Single Vinyl Records

Breakup by Feature:
Colored
Gatefold
Picture

Breakup by Gender:
Men
Women

Breakup by Age Group:
13-17
18-25
26-35
36-50
Above

Breakup by Application:
Private
Commercial

Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Independent Retailers
Online Stores
Others

Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being GZ Media, Implant Media Pty Ltd., Independent Record Pressing, MPO International (Aker Solutions), Optimal Media (Brand Networks), PrimeDisc International Limited, Quality Record Pressings, R.a.n.d.muzik Record Manufacturing, Record Industry, Pallas Group, Stereodisk LLC, United Record Pressing, etc.

Key Questions Answered in This Report:
How has the global vinyl records market performed so far and how will it perform in the coming years?
What are the key regional markets?
What has been the impact of COVID-19 on the global vinyl records market?
What is the breakup of the market based on the product?
What is the breakup of the market based on the feature?
What is the breakup of the market based on the gender?
What is the breakup of the market based on the age group?
What is the breakup of the market based on the application?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global vinyl records market and who are the key players?
What is the degree of competition in the industry?