Vinyl Records Market is to grow by USD 790.55 million from 2023 to 2028, market is fragmented due to the presence of prominent companies like Austep Music, Edel SE and Co. KGaA and GZ Media AS, and many more - Technavio

NEW YORK, Dec. 13, 2023 /PRNewswire/ -- The vinyl records market is estimated to grow by USD 790.55 million from 2023 to 2028, growing at a CAGR of 9.22%. The vinyl records market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer vinyl records market are Austep Music, Edel SE and Co. KGaA, Erika Records Inc., GZ Media AS, Implant Media Pty Ltd., Independent Record Pressing, Microforum Services Group, MPO France, Pallas Group, PrimeDisc Ltd., Quality Record Pressings, R.A.N.D. MUZIK GbR, Record Industry BV, Suitcase Records, SUNPRESS VINYL, Takt Direct GmbH, The Vinyl Factory Ltd., United Record Pressing, Vinyl Presents Ltd., and Zenith Records.

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Edel SE & Co. KGaA, a key player in the vinyl records market, strategically manages its presence in economies worldwide. As a German company, it contributes to the robustness of the European economy. With a focus on packaging and labeling, Edel emphasizes cultural economics in its operations. Being part of IFPI, an international trade organization, Edel engages in business intelligence to navigate the music industry's dynamics. Its role in the Northern Hemisphere's economy, particularly in France, is significant. Edel's management aligns with global economic trends, influencing GDP and international trade within Afro-Eurasia. In this dynamic landscape, Edel exemplifies effective enterprise modeling.

Company Offering:

• Austep Music - The company offers a wide range of vinyl records, such as 140g vinyl or premium 180g vinyl.
• Edel SE and Co. KGaA - The company offers a wide range of vinyl records, such as coloured vinyl, etched vinyl, inkspot vinyl, picture vinyl, and others, under the subsidiary of Optimal Media GmbH.
• GZ Media AS - The company offers a wide range of vinyl records such as Standard Black Vinyl 20 standard colours for Coloured vinyl 6 transparent colours and 14 solid colours.
• For details on companies and their offerings – Buy a report!

Based on Geography, the market is classified as North America, APAC, Europe, South America, and Middle East and Africa.

• North America is estimated to contribute 32% during the forecast period. The US is the major contributor to the market in the region.  In North America, there are several music publishers and vinyl pressing plants. The growth of the US music market is driven by a large population's ability to spend. The high level of GDP per capita is indicative of the high level of spending capacity of the population, which allows them to spend on vinyl records.
• 
  Edel SE & Co. KGaA, a prominent player in the international music industry, strategically navigates the complexities of global economies. As a German company operating within the vibrant economies of Afro-Eurasia, particularly in France, they leverage their expertise in strategic management and financial economics. With a keen focus on enterprise modeling and business intelligence, Edel optimizes packaging and labeling, contributing to the growth of the music sector. Amidst international trade dynamics, the company aligns with World Trade Organization principles. As a key IFPI member, Edel's management shapes cultural economics and bolsters the GDP, exemplifying their impactful role in the Northern Hemisphere's record labels and beyond.

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• Impactful driver- Aesthetic appeal of vinyl records
• Key Trend - Promoting vinyl records as special editions/deluxe product
• Major Challenges - digital music formats 

Market Segmentation

• Based on Product, the market is classified into LP/EP vinyl records and single vinyl records. The LP/EP vinyl records segment is estimated to witness significant growth during the forecast period. Vinyl LP is the standard format for vinyl records, and most labels use it. A key factor driving growth in this segment is the growing demand for retro music. To gain customers, producers are also advertising different colours in LP vinyl records based on retro music with inventive packaging.
• 
  Edel SE & Co. KGaA, a prominent player in the global music industry, strategically manages its operations in various economies, notably in France, a key member of the World Trade Organization. With a focus on LP/EP and single vinyl records, Edel contributes to the cultural and financial economics of the music business. The company's innovative packaging and labeling align with international trade standards, boosting its presence in Afro-Eurasia. As a leading enterprise in Germany, Edel's influence extends to the Northern Hemisphere. Leveraging business intelligence and management expertise, Edel continues to shape the international music landscape, positively impacting the GDP and economic models worldwide.

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TOC:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Product

7 Market Segmentation by Distribution Channel

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Company Landscape

12 Company Analysis

13 Appendix

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Technavio Research
Jesse Maida
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SOURCE Technavio

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