Market Overview:
The global vinyl records 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 various factors such as the resurgence of vinyl records, increasing demand for colored vinyl records, and growing demand for private music listening. In terms of type, the black vinyl record segment is expected to dominate the global vinyl records market during the forecast period. However, in terms of CAGR, the colored vinyl record segment is expected to grow at a higher rate than other segments during the forecast period.
Product Definition:
A vinyl record is an analog sound storage medium consisting of a flat disc with grooves, read by a stylus attached to a cartridge, that is inserted into a phonograph turntable. The groove patterns on the disc are encoded such that they can be reproduced by a loudspeaker.
Black Vinyl Records:
Black vinyl records are a sub-category of vinyl records that have black as the dominant color. They were first manufactured in the early 70s by CBS Records, Sony Music and Philips Records. The primary factor responsible for their growth was to provide a unique look to the album covers which at that time were mostly painted in colors other than black. Also, it helped record companies differentiate their product from those offered by competitors easily leading to higher sales of albums with such features.
Colored Vinyl Records:
Colored vinyl records (CVLRs) are manufactured using colored vinyl and are used to add color to standard black or white vinyl records. The primary function of CVLRs is to allow the inclusion of colors that were previously not possible, such as the inclusion of a colored center label in a clear jacket.
The process by which colored vinyl is applied to an LP sleeve is called “application”.
Application Insights:
The private application segment held the largest share of more than 60.0% in 2017. The growth can be attributed to the rising vinyl record consumption at home among adults and teens, especially in countries like U.S., Germany, France and Russia where music is a major part of daily life for many people. Moreover, increasing number of vintage vinyl records sales has contributed significantly to segment growth over the past few years owing to their high collector's value and audio quality that surpasses modern digital recordings.
Commerce applications include both online as well as offline usage of vinyl records for various purposes such as advertising, promotional activities, product launch events etcetera which contributes significantly towards revenue generation on a regional level across different geographies worldwide due to its widespread adoption by businesses & brands over recent years along with growing demand from consumers globally for unique products & services related to music or culture which has resulted in increased penetration rate among vendors globally driving industry growth over recent years since 2014-15 till date.
Regional Analysis:
North America dominated the global vinyl records market in 2017. The growth of this region can be attributed to increasing vinyl record sales and a rise in music streaming. As per the RIAA, more than 140 million albums have been sold since 2000, of which 33% were sold on vinyl LP format. Furthermore, 78 million songs have been streamed digitally using audio streaming services such as Spotify and Apple Music since 2013; almost 45% of all songs were streamed on these platforms through audio-on-demand services between 2015 and 2016.
Asia Pacific is expected to witness significant growth over the forecast period owing to rising demand for music from developing countries such as India and China among others. Moreover, growing popularity for live concerts among young generation will drive regional market growth over the forecast period as well as in future years ahead (see Figure 1). In addition, increasing number of independent labels focusing on promoting local music will also propel regional market development (see Figure 2).
Growth Factors:
- Increasing demand for analog music: A large number of people today prefer listening to analog music as it provides a natural and warm sound as compared to digital music. Vinyl records are one of the few mediums that offer an analog experience, which is why their popularity is increasing among audiophiles.
- Nostalgia factor: The resurgence of vinyl records can be attributed to the nostalgia factor among millennials. For many, vinyl represents a time when life was simpler and they were able to enjoy quality music without having to worry about buffering or data charges.
- Improved audio quality: Unlike digital formats, vinyl records do not suffer from compression and offer superior audio quality, especially when compared with streaming services such as Spotify or Apple Music. This is because physical media like vinyl allows for uninterrupted playback, resulting in a higher-quality listening experience overall .
Scope Of The Report
Report Attributes
Report Details
Report Title
Vinyl Records Market Research Report
By Type
Black Vinyl Records, Colored Vinyl Records
By Application
Private, Commerce
By Companies
GZ Media, MPO International, Optimal Media, Record Industry, United Record Pressing, Pallas, Rainbo Records, Quality Record Pressings (Acoustic Sounds), Analogue Productions (Acoustic Sounds), R.A.N.D. Muzic Record Manufacturing, Prime Disc (Yong Tong A&V Manufacture), Independent Record Pressing, StereoDisk
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
195
Number of Tables & Figures
137
Customization Available
Yes, the report can be customized as per your need.
Global Vinyl Records Market Report Segments:
The global Vinyl Records market is segmented on the basis of:
Types
Black Vinyl Records, Colored Vinyl Records
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
Private, Commerce
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:
- GZ Media
- MPO International
- Optimal Media
- Record Industry
- United Record Pressing
- Pallas
- Rainbo Records
- Quality Record Pressings (Acoustic Sounds)
- Analogue Productions (Acoustic Sounds)
- R.A.N.D. Muzic Record Manufacturing
- Prime Disc (Yong Tong A&V Manufacture)
- Independent Record Pressing
- StereoDisk
Highlights of The Vinyl Records 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:
- Black Vinyl Records
- Colored Vinyl Records
- By Application:
- Private
- Commerce
- 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 Vinyl Records 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.
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- Correctly Positioning New Products
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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?
Vinyl records are a type of record that was popularized in the 1950s and 1960s. They are made from a vinyl plastic disc that is pressed onto a sheet of music. Vinyl records can be played on turntables, phonographs, or audio players.
Some of the key players operating in the vinyl records market are GZ Media, MPO International, Optimal Media, Record Industry, United Record Pressing, Pallas, Rainbo Records, Quality Record Pressings (Acoustic Sounds), Analogue Productions (Acoustic Sounds), R.A.N.D. Muzic Record Manufacturing, Prime Disc (Yong Tong A&V Manufacture), Independent Record Pressing, StereoDisk.
The vinyl records 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 Vinyl Records 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 Vinyl Records Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vinyl Records 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 Vinyl Records 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 Vinyl Records Market Size & Forecast, 2020-2028
4.5.1 Vinyl Records Market Size and Y-o-Y Growth
4.5.2 Vinyl Records 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 Black Vinyl Records
5.2.2 Colored Vinyl Records
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 Private
6.2.2 Commerce
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vinyl Records 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 Vinyl Records 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 Black Vinyl Records
9.6.2 Colored Vinyl Records
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 Private
9.10.2 Commerce
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 Black Vinyl Records
10.6.2 Colored Vinyl Records
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 Private
10.10.2 Commerce
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 Black Vinyl Records
11.6.2 Colored Vinyl Records
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 Private
11.10.2 Commerce
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 Black Vinyl Records
12.6.2 Colored Vinyl Records
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 Private
12.10.2 Commerce
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 Black Vinyl Records
13.6.2 Colored Vinyl Records
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 Private
13.10.2 Commerce
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 Vinyl Records Market: Competitive Dashboard
14.2 Global Vinyl Records Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GZ Media
14.3.2 MPO International
14.3.3 Optimal Media
14.3.4 Record Industry
14.3.5 United Record Pressing
14.3.6 Pallas
14.3.7 Rainbo Records
14.3.8 Quality Record Pressings (Acoustic Sounds)
14.3.9 Analogue Productions (Acoustic Sounds)
14.3.10 R.A.N.D. Muzic Record Manufacturing
14.3.11 Prime Disc (Yong Tong A&V Manufacture)
14.3.12 Independent Record Pressing
14.3.13 StereoDisk
