Product Code: SR112023A2264
Abstract
Market Overview:
The global vinyl record market size reached US$ 1.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.8 Billion by 2028, exhibiting a growth rate (CAGR) of 9.4% during 2023-2028.
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.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global vinyl record market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, feature, gender, age group, application and distribution channel.
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 50
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
- 1. What was the size of the global vinyl record market in 2022?
- 2. What is the expected growth rate of the global vinyl record market during 2023-2028?
- 3. What are the key factors driving the global vinyl record market?
- 4. What has been the impact of COVID-19 on the global vinyl record market?
- 5. What is the breakup of the global vinyl record market based on the product?
- 6. What is the breakup of the global vinyl record market based on the feature?
- 7. What is the breakup of the global vinyl record market based on the gender?
- 8. What is the breakup of the global vinyl record market based on the age group?
- 9. What is the breakup of the global vinyl record market based on the application?
- 10. What is the breakup of the global vinyl record market based on the distribution channel?
- 11. What are the key regions in the global vinyl record market?
- 12. Who are the key companies/players in the global vinyl record market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Vinyl Record Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Product
- 6.1 LP/EP Vinyl Records
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Single Vinyl Records
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Feature
- 7.1 Colored
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Gatefold
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Picture
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Gender
- 8.1 Men
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Women
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Age Group
- 9.1 13-17
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 18-25
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 26-35
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 36-50
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Above 50
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
10 Market Breakup by Application
- 10.1 Private
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Commercial
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
11 Market Breakup by Distribution Channel
- 11.1 Supermarkets and Hypermarkets
- 11.1.1 Market Trends
- 11.1.2 Market Forecast
- 11.2 Independent Retailers
- 11.2.1 Market Trends
- 11.2.2 Market Forecast
- 11.3 Online Stores
- 11.3.1 Market Trends
- 11.3.2 Market Forecast
- 11.4 Others
- 11.4.1 Market Trends
- 11.4.2 Market Forecast
12 Market Breakup by Region
- 12.1 North America
- 12.1.1 United States
- 12.1.1.1 Market Trends
- 12.1.1.2 Market Forecast
- 12.1.2 Canada
- 12.1.2.1 Market Trends
- 12.1.2.2 Market Forecast
- 12.2 Asia Pacific
- 12.2.1 China
- 12.2.1.1 Market Trends
- 12.2.1.2 Market Forecast
- 12.2.2 Japan
- 12.2.2.1 Market Trends
- 12.2.2.2 Market Forecast
- 12.2.3 India
- 12.2.3.1 Market Trends
- 12.2.3.2 Market Forecast
- 12.2.4 South Korea
- 12.2.4.1 Market Trends
- 12.2.4.2 Market Forecast
- 12.2.5 Australia
- 12.2.5.1 Market Trends
- 12.2.5.2 Market Forecast
- 12.2.6 Indonesia
- 12.2.6.1 Market Trends
- 12.2.6.2 Market Forecast
- 12.2.7 Others
- 12.2.7.1 Market Trends
- 12.2.7.2 Market Forecast
- 12.3 Europe
- 12.3.1 Germany
- 12.3.1.1 Market Trends
- 12.3.1.2 Market Forecast
- 12.3.2 France
- 12.3.2.1 Market Trends
- 12.3.2.2 Market Forecast
- 12.3.3 United Kingdom
- 12.3.3.1 Market Trends
- 12.3.3.2 Market Forecast
- 12.3.4 Italy
- 12.3.4.1 Market Trends
- 12.3.4.2 Market Forecast
- 12.3.5 Spain
- 12.3.5.1 Market Trends
- 12.3.5.2 Market Forecast
- 12.3.6 Russia
- 12.3.6.1 Market Trends
- 12.3.6.2 Market Forecast
- 12.3.7 Others
- 12.3.7.1 Market Trends
- 12.3.7.2 Market Forecast
- 12.4 Latin America
- 12.4.1 Brazil
- 12.4.1.1 Market Trends
- 12.4.1.2 Market Forecast
- 12.4.2 Mexico
- 12.4.2.1 Market Trends
- 12.4.2.2 Market Forecast
- 12.4.3 Others
- 12.4.3.1 Market Trends
- 12.4.3.2 Market Forecast
- 12.5 Middle East and Africa
- 12.5.1 Market Trends
- 12.5.2 Market Breakup by Country
- 12.5.3 Market Forecast
13 SWOT Analysis
- 13.1 Overview
- 13.2 Strengths
- 13.3 Weaknesses
- 13.4 Opportunities
- 13.5 Threats
14 Value Chain Analysis
15 Porters Five Forces Analysis
- 15.1 Overview
- 15.2 Bargaining Power of Buyers
- 15.3 Bargaining Power of Suppliers
- 15.4 Degree of Competition
- 15.5 Threat of New Entrants
- 15.6 Threat of Substitutes
16 Price Indicators
17 Competitive Landscape
- 17.1 Market Structure
- 17.2 Key Players
- 17.3 Profiles of Key Players
- 17.3.1 GZ Media
- 17.3.1.1 Company Overview
- 17.3.1.2 Product Portfolio
- 17.3.2 Implant Media Pty Ltd.
- 17.3.2.1 Company Overview
- 17.3.2.2 Product Portfolio
- 17.3.3 Independent Record Pressing
- 17.3.3.1 Company Overview
- 17.3.3.2 Product Portfolio
- 17.3.4 MPO International (Aker Solutions)
- 17.3.4.1 Company Overview
- 17.3.4.2 Product Portfolio
- 17.3.5 Optimal Media (Brand Networks)
- 17.3.5.1 Company Overview
- 17.3.5.2 Product Portfolio
- 17.3.6 PrimeDisc International Limited
- 17.3.6.1 Company Overview
- 17.3.6.2 Product Portfolio
- 17.3.7 Quality Record Pressings
- 17.3.7.1 Company Overview
- 17.3.7.2 Product Portfolio
- 17.3.8 R.a.n.d.muzik Record Manufacturing
- 17.3.8.1 Company Overview
- 17.3.8.2 Product Portfolio
- 17.3.9 Record Industry
- 17.3.9.1 Company Overview
- 17.3.9.2 Product Portfolio
- 17.3.10 Pallas Group
- 17.3.10.1 Company Overview
- 17.3.10.2 Product Portfolio
- 17.3.11 Stereodisk LLC
- 17.3.11.1 Company Overview
- 17.3.11.2 Product Portfolio
- 17.3.12 United Record Pressing
- 17.3.12.1 Company Overview
- 17.3.12.2 Product Portfolio