Market Overview:
The global belt-drive turntable market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing demand for vinyl records, rising popularity of retro and vintage style products, and growing interest in audio equipment among millennials. Based on type, the belt-drive turntable market can be segmented into moving-magnetic cartridge, moving-iron cartridge, and moving-coil cartridge. The moving coil cartridge segment is expected to grow at a higher CAGR than other segments during the forecast period. This growth can be attributed to the superior sound quality offered by this type of cartridges as compared to other types of cartridges available in the market. Based on application, the belt drive turntable market can be segmented into home entertainment, bar and music club, music production studio, and others (education institutes etc.).
Product Definition:
A belt-drive turntable uses a rubber or cloth belt to transmit power from the motor to the platter. This type of drive is used because it is quieter and more reliable than direct-drive turntables.
Moving-MaganeticCartridge:
The Moving-Maganetic cartridge is a type of phono cartridge used in turntables to convert vinyl records into sound. The name was derived from the first two letters of each word in the title of an album by Frank Zappa - Mo' Meta Blues (1971). It was developed by Zappa and original designer/engineer Alton Miller as a means to improve audio quality on LP records.
Moving-IronCartridge:
The moving-iron cartridge is a type of vinyl record player mechanism, which uses an iron-wound coil as a stylus. The advantage of this system is that the cartridge can be easily replaced while the records are playing. Also, it does not require any external weight or pressure to perform platter rotation; instead, it relies completely on the inertia of the Records and their mass.
Application Insights:
The others application segment includes corporate, education and research, and healthcare. The home entertainment segment held the largest market share in 2017 owing to the rising demand for high-quality sound systems with turntables that can be connected to a modern audio system. Moreover, easy installation along with good quality of sound reproduction by belt-drive turntable will drive the product demand in this segment over the forecast period.
The bar and music club application is expected to grow at a significant rate over the forecast period due to increasing number of discos/night clubs across various regions including Asia Pacific and Middle East & Africa where people prefer listening music through superior quality speakers as compared to headphones or earphones. Furthermore, many discotheque owners are switching from vinyl records to digital files so as not only save space but also because of better quality recordings made using digital files as compared with vinyl records which leads us towards increased market penetration for belt-drive turntables over the next few years.
Regional Analysis:
North America dominated the global belt-drive turntable market in 2017. This can be attributed to growing interest in high-fidelity sound system at home along with presence of key players such as Audio-Technica Corporation and Stanton ST9800. Moreover, rising number of vinyl record sales is also expected to drive the demand for belt-driven turntables over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing popularity of audio entertainment among youth population especially in India and China. Furthermore, increasing number of music festivals coupled with booming vinyl record industry will further boost demand for BD turntables during this period.
Growth Factors:
- Increasing demand for vinyl records as a form of music playback
- Growing popularity of belt-drive turntables among audiophiles
- Technological advancements in belt-drive turntable design and construction
- Rising disposable income among millennials, who are increasingly purchasing high-end audio equipment
- Proliferation of online audio streaming services that have led to a resurgence in interest in vinyl records
Scope Of The Report
Report Attributes
Report Details
Report Title
Belt-drive Turntable Market Research Report
By Type
Moving-MaganeticCartridge, Moving-IronCartridge, Moving-CoilCartridge
By Application
Home Entertainment, Bar and Music Club, Music Production, Others
By Companies
Crosley, Audio-Technica, Denon, Thorens, Rega, Sony, VPI Nomad, JR Transrotor, Stanton, Numark, Crosley
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
172
Number of Tables & Figures
121
Customization Available
Yes, the report can be customized as per your need.
Global Belt-drive Turntable Market Report Segments:
The global Belt-drive Turntable market is segmented on the basis of:
Types
Moving-MaganeticCartridge, Moving-IronCartridge, Moving-CoilCartridge
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home Entertainment, Bar and Music Club, Music Production, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Crosley
- Audio-Technica
- Denon
- Thorens
- Rega
- Sony
- VPI Nomad
- JR Transrotor
- Stanton
- Numark
- Crosley
Highlights of The Belt-drive Turntable Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Moving-MaganeticCartridge
- Moving-IronCartridge
- Moving-CoilCartridge
- By Application:
- Home Entertainment
- Bar and Music Club
- Music Production
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Belt-drive Turntable Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A belt-drive turntable is a type of vinyl record player that uses a belt to drive the platter. This type of turntable is quieter and more reliable than other types, and it's also easier to keep clean.
Some of the key players operating in the belt-drive turntable market are Crosley, Audio-Technica, Denon, Thorens, Rega, Sony, VPI Nomad, JR Transrotor, Stanton, Numark, Crosley.
The belt-drive turntable market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Belt-drive Turntable Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Belt-drive Turntable Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Belt-drive Turntable Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Belt-drive Turntable Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Belt-drive Turntable Market Size & Forecast, 2020-2028
4.5.1 Belt-drive Turntable Market Size and Y-o-Y Growth
4.5.2 Belt-drive Turntable Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Moving-MaganeticCartridge
5.2.2 Moving-IronCartridge
5.2.3 Moving-CoilCartridge
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Home Entertainment
6.2.2 Bar and Music Club
6.2.3 Music Production
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Belt-drive Turntable Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Belt-drive Turntable Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Moving-MaganeticCartridge
9.6.2 Moving-IronCartridge
9.6.3 Moving-CoilCartridge
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Home Entertainment
9.10.2 Bar and Music Club
9.10.3 Music Production
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Moving-MaganeticCartridge
10.6.2 Moving-IronCartridge
10.6.3 Moving-CoilCartridge
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Home Entertainment
10.10.2 Bar and Music Club
10.10.3 Music Production
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Moving-MaganeticCartridge
11.6.2 Moving-IronCartridge
11.6.3 Moving-CoilCartridge
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Home Entertainment
11.10.2 Bar and Music Club
11.10.3 Music Production
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Moving-MaganeticCartridge
12.6.2 Moving-IronCartridge
12.6.3 Moving-CoilCartridge
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Home Entertainment
12.10.2 Bar and Music Club
12.10.3 Music Production
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Moving-MaganeticCartridge
13.6.2 Moving-IronCartridge
13.6.3 Moving-CoilCartridge
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Home Entertainment
13.10.2 Bar and Music Club
13.10.3 Music Production
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Belt-drive Turntable Market: Competitive Dashboard
14.2 Global Belt-drive Turntable Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Crosley
14.3.2 Audio-Technica
14.3.3 Denon
14.3.4 Thorens
14.3.5 Rega
14.3.6 Sony
14.3.7 VPI Nomad
14.3.8 JR Transrotor
14.3.9 Stanton
14.3.10 Numark
14.3.11 Crosley
