Vinyl Record Market: By Product Type, By Features, By Applications, By Distribution Channels, and Region Forecast 2019-2030
Vinyl Record Market size was valued at US$ 1,798.7 million in 2023 and is expected to grow at a 14.8% CAGR from 2024 to 2030. The vinyl record is an analog sound storage device that consists of a disc made up of polyvinyl chloride plastic. The sound information is inscribed on the surface of the material in grooves by metal, resin, cardboard or glass core. A single concentric spiral groove is incised on both the sides of the disc. The vinyl records were used as a medium for commercial music production in old age time period.
However, the vinyl records are gaining more attraction of new generation artists. Furthermore, the vinyl records represent a significant part of pop music heritage which drives the demand for vinyl records in contemporary music. In addition, many music events are being organized by the popular music label companies to release and offer limited edition albums to promote vinyl records are the factors expected to drive the growth of vinyl records market over the forecasted years.
In addition, rapid urbanization, and growing investments by the market players in advancement of technology to maintain high-definition music quality to enhance the disc capacity and reduce the total cost is expected to boost the growth of vinyl records market at a significant rate over the forecasted period. Furthermore, increasing promotional activities by music personalities and celebrities, increased expenditures of consumer are expected to trigger the vinyl records market growth. On the other hand the increasing use of internet has led to increased mobility and accessibility which increased the demand for online digital music subscriptions expected to restrain the growth of vinyl records market over the forecasted years. Geographically, North America region held the major market share in 2022 and is expected to dominate the global market in the forecasted years.
Study Period
2024-2030Base Year
2023CAGR
14.8%Largest Market
North AmericaFastest Growing Market
Asia Pacific
Vinyl record market is expected to grow over the forecasted period due to the rapid urbanization, increasing preference of consumers in physical music format. Despite of prevalence of digital streaming services, many music enthusiasts still prefer the tactile experience of physical media like vinyl records. Vinyl records are mostly collected by antique collectors who view it with sentimental values. In addition, increasing key player’s focus in making affordable turntables and other vinyl related accessories to make consumer ease is expected to boost the growth of vinyl records market over the forecasted period.
North America vinyl record market is likely to hold a significant revenue share, and in the forecasted years, it is predicted to increase rapidly due to the popularity of vinyl records in the US and growing interest in music and nostalgia for physical media. Europe region is anticipated to be the second largest market and is expected to have significant growth over the forecasted period due to strong tradition of music in the UK and vinyl records being an important part of its cultural heritage. Germany, France, and Italy markets are also expected to have a significant growth in Europe region.
Latin America
Europe
Asia Pacific
Middle East
North America
|
Report Benchmarks |
Details |
|
Report Study Period |
2024-2030 |
|
Market Size in 2023 |
US$ 1,798.7 million |
|
Market CAGR |
14.8% |
|
By Product Type |
|
|
By Features |
|
|
By Application |
|
|
By Distribution Channel |
|
|
By Region |
|
Download Free Sample Report
The vinyl record market was valued at US$ 1,798.7 million in 2023 and is set to grow at a significant CAGR of 14.8% from 2024-2030
Increasing use of internet leads to increasing use online digital paid subscriptions for music which is expected to hinder the market growth over the forecasted period.
The leading players in the global market are GZ Media, Implant Media Pty Ltd., Independent Record Pressing, MPO International, Optimal Media, PrimeDisc International Limited, Quality Record Pressings, R.A.N.D. muzik Record Manufacturing, Record Industry, Pallas Group, Stereodisk LLC, United Record Pressing
| 1. Executive Summary |
| 2. Global Vinyl Record Market Introduction |
| 2.1.Global Vinyl Record Market - Taxonomy |
| 2.2.Global Vinyl Record Market - Definitions |
| 2.2.1.Product Type |
| 2.2.2.Features |
| 2.2.3.Application |
| 2.2.4.Distribution Channel |
| 2.2.5.Region |
| 3. Global Vinyl Record Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Vinyl Record Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5.Global Vinyl Record Market By Product Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Single Vinyl Records |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. LP/EP Vinyl Records |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 6.Global Vinyl Record Market By Features, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Colored |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Picture |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Gatefold |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7.Global Vinyl Record Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. Commercial |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Private |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 8.Global Vinyl Record Market By Distribution Channel, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Offline Stores |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Online Stores |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Supermarkets & Hypermarkets |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Others |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 9.Global Vinyl Record Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia Pacific (APAC) |
| 9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Middle East and Africa (MEA) |
| 9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Latin America |
| 9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 10. North America Vinyl Record Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Product Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Single Vinyl Records |
| 10.1.2.LP/EP Vinyl Records |
| 10.2. Features Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Colored |
| 10.2.2.Picture |
| 10.2.3.Gatefold |
| 10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.Commercial |
| 10.3.2.Private |
| 10.4. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.4.1.Offline Stores |
| 10.4.2.Online Stores |
| 10.4.3.Supermarkets & Hypermarkets |
| 10.4.4.Others |
| 10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.5.1.United States of America (USA) |
| 10.5.2.Canada |
| 11. Europe Vinyl Record Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Single Vinyl Records |
| 11.1.2.LP/EP Vinyl Records |
| 11.2. Features Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Colored |
| 11.2.2.Picture |
| 11.2.3.Gatefold |
| 11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.Commercial |
| 11.3.2.Private |
| 11.4. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.4.1.Offline Stores |
| 11.4.2.Online Stores |
| 11.4.3.Supermarkets & Hypermarkets |
| 11.4.4.Others |
| 11.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.5.1.Germany |
| 11.5.2.France |
| 11.5.3.Italy |
| 11.5.4.United Kingdom (UK) |
| 11.5.5.Spain |
| 11.5.6.Rest of EU |
| 12. Asia Pacific (APAC) Vinyl Record Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Single Vinyl Records |
| 12.1.2.LP/EP Vinyl Records |
| 12.2. Features Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Colored |
| 12.2.2.Picture |
| 12.2.3.Gatefold |
| 12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Commercial |
| 12.3.2.Private |
| 12.4. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.4.1.Offline Stores |
| 12.4.2.Online Stores |
| 12.4.3.Supermarkets & Hypermarkets |
| 12.4.4.Others |
| 12.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.5.1.China |
| 12.5.2.India |
| 12.5.3.Australia and New Zealand (ANZ) |
| 12.5.4.Japan |
| 12.5.5.Rest of APAC |
| 13.Middle East and Africa (MEA) Vinyl Record Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 13.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1.Single Vinyl Records |
| 13.1.2.LP/EP Vinyl Records |
| 13.2. Features Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.2.1.Colored |
| 13.2.2.Picture |
| 13.2.3.Gatefold |
| 13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.3.1.Commercial |
| 13.3.2.Private |
| 13.4. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.4.1.Offline Stores |
| 13.4.2.Online Stores |
| 13.4.3.Supermarkets & Hypermarkets |
| 13.4.4.Others |
| 13.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 13.5.1.GCC Countries |
| 13.5.2.South Africa |
| 13.5.3.Rest of MEA |
| 14. Latin America Vinyl Record Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 14.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1.Single Vinyl Records |
| 14.1.2.LP/EP Vinyl Records |
| 14.2. Features Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.2.1.Colored |
| 14.2.2.Picture |
| 14.2.3.Gatefold |
| 14.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.3.1.Commercial |
| 14.3.2.Private |
| 14.4. Distribution Channel Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.4.1.Offline Stores |
| 14.4.2.Online Stores |
| 14.4.3.Supermarkets & Hypermarkets |
| 14.4.4.Others |
| 14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 14.5.1.Brazil |
| 14.5.2.Mexico |
| 14.5.3.Rest of LA |
| 15. Competition Landscape |
| 15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 15.2.1.GZ Media |
| 15.2.2.Implant Media Pty Ltd. |
| 15.2.3.Independent Record Pressing |
| 15.2.4.MPO International |
| 15.2.5.Optimal Media |
| 15.2.6.PrimeDisc International Limited |
| 15.2.7.Quality Record Pressings |
| 15.2.8.R.A.N.D. muzik Record Manufacturing |
| 15.2.9.Record Industry |
| 15.2.10.Pallas Group |
| 15.2.11.Stereodisk LLC |
| 15.2.12.United Record Pressing. |
| 16. Research Methodology |
| 17. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.
Download Free Sample
