The global recorded music market is expected to grow at a CAGR of 3.5% during the forecast period, from 2021 to 2030. The growth in this market is attributed to the increasing demand for digital music and the growing popularity of streaming services such as Spotify and Apple Music. The CDrecord segment accounted for a share of around 45% in 2018, followed by tape record (around 30%), optical sound record (around 10%), and others (around 5%). The recreational activities segment accounted for a share of around 60% in 2018, followed by personal use (around 25%), commercial use (around 10%) and social use (less than 5%). North America accounted for a share of around 40% in 2018, followed by Latin America with a share of around 30%, Europe with a share of around 20%, Asia Pacific with a share of less than 10%, Middle East & Africa with less than 5%.
Some Of The Growth Factors Of This Market:
- The growth of the recorded music market is largely due to the increase in digital downloads and streaming services.
- The growth of the recorded music market is also due to the increase in live performances, which are a major source of revenue for artists and record labels.
- The growth of the recorded music market is also due to an increase in vinyl sales, which has been attributed to a resurgence in interest among millennials who grew up listening to records on their parents' turntables as children.
- Another factor that has contributed to the growth of the recorded music market is an increased demand for physical copies from consumers who want something tangible they can hold onto or collect over time, such as CDs or vinyl records, rather than just digital files stored on their computers or mobile devices that can be deleted at any time without warning by hackers or other malicious actors with access to their accounts and devices.
- Finally, another factor that has contributed both directly and indirectly (through live performances) to this growth is an increased demand for concerts from consumers who want more than just a recording - they want a full experience with all five senses stimulated.
Industry Growth Insights published a new data on “Recorded Music Market”. The research report is titled “Recorded Music Market research by Types (CDrecord, Tape Record, Optical Sound Record, Other), By Applications (Recreational Activities, Personal, Commercial, Social), By Players/Companies Recorded Music NZ, Warner Music Inc, Universal Music, Sony Music Entertainment, LangVan Inc, Master Music Limited, De Plein Vent Studio, China Record Company, Lifesong Records, King Record, Nippon Crown Co Ltd, Tokuma Japan Communications Co Ltd, HNH International Ltd, BBS Records Limited, MPO International”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Recorded Music Market Research Report
By Type
CDrecord, Tape Record, Optical Sound Record, Other
By Application
Recreational Activities, Personal, Commercial, Social
By Companies
Recorded Music NZ, Warner Music Inc, Universal Music, Sony Music Entertainment, LangVan Inc, Master Music Limited, De Plein Vent Studio, China Record Company, Lifesong Records, King Record, Nippon Crown Co Ltd, Tokuma Japan Communications Co Ltd, HNH International Ltd, BBS Records Limited, MPO International
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Recorded Music Market Report Segments:
The global Recorded Music market is segmented on the basis of:
Types
CDrecord, Tape Record, Optical Sound Record, Other
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
Recreational Activities, Personal, Commercial, Social
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:
- Recorded Music NZ
- Warner Music Inc
- Universal Music
- Sony Music Entertainment
- LangVan Inc
- Master Music Limited
- De Plein Vent Studio
- China Record Company
- Lifesong Records
- King Record
- Nippon Crown Co Ltd
- Tokuma Japan Communications Co Ltd
- HNH International Ltd
- BBS Records Limited
- MPO International
Highlights of The Recorded Music 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:
- CDrecord
- Tape Record
- Optical Sound Record
- Other
- By Application:
- Recreational Activities
- Personal
- Commercial
- Social
- 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 Recorded Music 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
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Recorded music is any music that has been physically recorded onto a medium like a CD, vinyl LP, or cassette tape.
Some of the major companies in the recorded music market are Recorded Music NZ, Warner Music Inc, Universal Music, Sony Music Entertainment, LangVan Inc, Master Music Limited, De Plein Vent Studio, China Record Company, Lifesong Records, King Record, Nippon Crown Co Ltd, Tokuma Japan Communications Co Ltd, HNH International Ltd, BBS Records Limited, MPO International.
The recorded music market is expected to register a CAGR of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Recorded Music Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Recorded Music Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Recorded Music Market - Supply Chain
4.5. Global Recorded Music Market Forecast
4.5.1. Recorded Music Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Recorded Music Market Size (000 Units) and Y-o-Y Growth
4.5.3. Recorded Music Market Absolute $ Opportunity
5. Global Recorded Music Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Recorded Music Market Size and Volume Forecast by Type
5.3.1. CDrecord
5.3.2. Tape Record
5.3.3. Optical Sound Record
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Recorded Music Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Recorded Music Market Size and Volume Forecast by Application
6.3.1. Recreational Activities
6.3.2. Personal
6.3.3. Commercial
6.3.4. Social
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Recorded Music Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Recorded Music Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Recorded Music Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Recorded Music Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Recorded Music Demand Share Forecast, 2019-2026
9. North America Recorded Music Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Recorded Music Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Recorded Music Market Size and Volume Forecast by Application
9.4.1. Recreational Activities
9.4.2. Personal
9.4.3. Commercial
9.4.4. Social
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Recorded Music Market Size and Volume Forecast by Type
9.7.1. CDrecord
9.7.2. Tape Record
9.7.3. Optical Sound Record
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Recorded Music Demand Share Forecast, 2019-2026
10. Latin America Recorded Music Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Recorded Music Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Recorded Music Market Size and Volume Forecast by Application
10.4.1. Recreational Activities
10.4.2. Personal
10.4.3. Commercial
10.4.4. Social
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Recorded Music Market Size and Volume Forecast by Type
10.7.1. CDrecord
10.7.2. Tape Record
10.7.3. Optical Sound Record
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Recorded Music Demand Share Forecast, 2019-2026
11. Europe Recorded Music Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Recorded Music Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Recorded Music Market Size and Volume Forecast by Application
11.4.1. Recreational Activities
11.4.2. Personal
11.4.3. Commercial
11.4.4. Social
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Recorded Music Market Size and Volume Forecast by Type
11.7.1. CDrecord
11.7.2. Tape Record
11.7.3. Optical Sound Record
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Recorded Music Demand Share, 2019-2026
12. Asia Pacific Recorded Music Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Recorded Music Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Recorded Music Market Size and Volume Forecast by Application
12.4.1. Recreational Activities
12.4.2. Personal
12.4.3. Commercial
12.4.4. Social
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Recorded Music Market Size and Volume Forecast by Type
12.7.1. CDrecord
12.7.2. Tape Record
12.7.3. Optical Sound Record
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Recorded Music Demand Share, 2019-2026
13. Middle East & Africa Recorded Music Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Recorded Music Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Recorded Music Market Size and Volume Forecast by Application
13.4.1. Recreational Activities
13.4.2. Personal
13.4.3. Commercial
13.4.4. Social
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Recorded Music Market Size and Volume Forecast by Type
13.7.1. CDrecord
13.7.2. Tape Record
13.7.3. Optical Sound Record
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Recorded Music Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Recorded Music Market: Market Share Analysis
14.2. Recorded Music Distributors and Customers
14.3. Recorded Music Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Recorded Music NZ
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Warner Music Inc
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Universal Music
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sony Music Entertainment
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. LangVan Inc
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Master Music Limited
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. De Plein Vent Studio
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. China Record Company
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Lifesong Records
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. King Record
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Nippon Crown Co Ltd
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Tokuma Japan Communications Co Ltd
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. HNH International Ltd
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. BBS Records Limited
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. MPO International
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook