Vinyl Records Market size is set to grow by USD 663.77 million from 2022 to 2027; The aesthetic appeal of vinyl records to boost the market - Technavio

NEW YORK, June 27, 2023 /PRNewswire/ -- The global vinyl records market size is estimated to grow by USD 663.77 million from 2022 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 8.41% during the forecast period. North America is estimated to account for 32% of the global market growth. For more insights on the historic market size (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report

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Vinyl Records Market - Segmentation Assessment
Segment Overview
This report extensively covers market segmentation by product (LP/EP vinyl records and single vinyl records), distribution channel (online and offline), and geography (APAC, North America, Europe, Middle East, and Africa, and South America). 

• The market share growth by the LP/EP vinyl records segment will be significant for market growth during the forecast period. Most of the record labels use LP vinyl as the standard format for vinyl records. The segment growth can be attributed to the increasing demand for retro music. Different colors in LP vinyl records for retro music with creative packaging are also offered by various market vendors to attract customers to the market. Furthermore, EP (extended play) vinyl records were introduced as singles through the vinyl format. Moreover, the rising popularity and promotional activities of EP records would further propel the demand for LP/EP vinyl records. Hence, such factors boost the segment growth during the forecast period.

Geography Overview
By geography, the global vinyl records market is segmented into North America, APAC, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global vinyl records market.

• North America is projected to account for 32% of market growth during the forecast period. The existence of several music publishers and vinyl record-pressing plants across North America drives the market growth in the region. Furthermore, the high GDP per capita indicates the high spending capacity of the population, which allows them to spend on vinyl records. Such factors are likely to increase the revenue generated by the music market in the country. Hence, such factors boost the regional market growth during the forecast period.

Insights on the market contribution of various segments, including country and region wise historic data (2017 to 2021), and forecast market size (2023 to 2027) - Download a Sample Report

Vinyl Records Market – Market Dynamics
Key factor driving market growth
The aesthetic appeal of vinyl records drives the market growth during the forecast period. The medium of music has changed in form and content over the years. But for an audiophile or a music lover, vinyl records are still considered an auratic product.

The ability to represent important events in pop music history and heritage while providing a sense of the cultural background, which is modern and urbane is considered an important feature in vinyl records. Moreover, music enthusiasts collect vinyl records as collectibles, as most records are packaged artistically and presented creatively. Hence, such factors drive the growth of the market during the forecast period.

Leading trends influencing the market 

Promoting vinyl records as special editions or deluxe products is an emerging trend in the market. Young people listen to music on many devices and in different formats. But they increasingly invest in vinyl records for their most loved recordings.

Thus, various market players try to differentiate their product offerings by launching special and deluxe editions of their copies. Additionally, various artists and labels promote their products as deluxe products, quoting a higher price to increase revenue. Hence, such trends boost the market growth during the forecast period.

Major challenges hindering the market growth

Digital music formats challenge the growth of the market during the forecast period. The music industry is going through a transition and the current trend is the streaming format. This format has witnessed significant growth over the past few years.

Moreover, a fast Internet connection has allowed people to access music directly via cell phones or other electronic devices. Hence, such factors will hinder the growth of the market during the forecast period. 

Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021), and forecast period(2023 to 2027)- Request a sample report!

What are the key data covered in this Vinyl Records Market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the vinyl records market between 2023 and 2027
• Precise estimation of the size of the vinyl records market and its contribution to the market with a focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the vinyl records market across North America, APAC, Europe, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of vinyl records market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global vinyl records market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global vinyl records market 2017 - 2021 ($ million)

• 4.2 Product Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.3 Distribution channel Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Distribution channel Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments 
• Exhibit 30: Chart on Product - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product - Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 LP/EP vinyl records - Market size and forecast 2022-2027 
• Exhibit 34: Chart on LP/EP vinyl records - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on LP/EP vinyl records - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on LP/EP vinyl records - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on LP/EP vinyl records - Year-over-year growth 2022-2027 (%)

• 6.4 Single vinyl records - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Single vinyl records - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Single vinyl records - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Single vinyl records - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Single vinyl records - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Product 
• Exhibit 42: Market opportunity by Product ($ million)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments 
• Exhibit 43: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 45: Chart on Comparison by Distribution Channel
• Exhibit 46: Data Table on Comparison by Distribution Channel

• 7.3 Online - Market size and forecast 2022-2027
• Exhibit 47: Chart on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 7.4 Offline - Market size and forecast 2022-2027
• Exhibit 51: Chart on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Distribution Channel
• Exhibit 55: Market opportunity by Distribution Channel ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 57: Chart on Market share by geography 2022-2027 (%)
• Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 59: Chart on Geographic comparison
• Exhibit 60: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 61: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 63: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 APAC - Market size and forecast 2022-2027
• Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 73: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 Germany - Market size and forecast 2022-2027
• Exhibit 85: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.10 Japan - Market size and forecast 2022-2027
• Exhibit 89: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.11 France - Market size and forecast 2022-2027
• Exhibit 93: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.12 UK - Market size and forecast 2022-2027
• Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 101: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 106: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 107: Matrix on vendor position and classification

• 12.3 GZ Media AS 
• Exhibit 108: GZ Media AS - Overview
• Exhibit 109: GZ Media AS - Product / Service
• Exhibit 110: GZ Media AS - Key offerings

• 12.4 handle with care manufacturing 
• Exhibit 111: handle with care manufacturing - Overview
• Exhibit 112: handle with care manufacturing - Product / Service
• Exhibit 113: handle with care manufacturing - Key offerings

• 12.5 Implant Media Pty Ltd. 
• Exhibit 114: Implant Media Pty Ltd. - Overview
• Exhibit 115: Implant Media Pty Ltd. - Product / Service
• Exhibit 116: Implant Media Pty Ltd. - Key offerings

• 12.6 Independent Record Pressing 
• Exhibit 117: Independent Record Pressing - Overview
• Exhibit 118: Independent Record Pressing - Product / Service
• Exhibit 119: Independent Record Pressing - Key offerings

• 12.7 Microforum Services Group 
• Exhibit 120: Microforum Services Group - Overview
• Exhibit 121: Microforum Services Group - Product / Service
• Exhibit 122: Microforum Services Group - Key offerings

• 12.8 MPO France 
• Exhibit 123: MPO France - Overview
• Exhibit 124: MPO France - Product / Service
• Exhibit 125: MPO France - Key offerings

• 12.9 Optimal media GmbH 
• Exhibit 126: Optimal media GmbH - Overview
• Exhibit 127: Optimal media GmbH - Product / Service
• Exhibit 128: Optimal media GmbH - Key offerings

• 12.10 Pallas Group 
• Exhibit 129: Pallas Group - Overview
• Exhibit 130: Pallas Group - Product / Service
• Exhibit 131: Pallas Group - Key offerings

• 12.11 PrimeDisc International Ltd. 
• Exhibit 132: PrimeDisc International Ltd. - Overview
• Exhibit 133: PrimeDisc International Ltd. - Product / Service
• Exhibit 134: PrimeDisc International Ltd. - Key offerings

• 12.12 Quality Record Pressings 
• Exhibit 135: Quality Record Pressings - Overview
• Exhibit 136: Quality Record Pressings - Product / Service
• Exhibit 137: Quality Record Pressings - Key offerings

• 12.13 Record Industry BV 
• Exhibit 138: Record Industry BV - Overview
• Exhibit 139: Record Industry BV - Product / Service
• Exhibit 140: Record Industry BV - Key offerings

• 12.14 Stereodisk LLC 
• Exhibit 141: Stereodisk LLC - Overview
• Exhibit 142: Stereodisk LLC - Product / Service
• Exhibit 143: Stereodisk LLC - Key offerings

• 12.15 Takt Direct GmbH 
• Exhibit 144: Takt Direct GmbH - Overview
• Exhibit 145: Takt Direct GmbH - Product / Service
• Exhibit 146: Takt Direct GmbH - Key offerings

• 12.16 United Record Pressing 
• Exhibit 147: United Record Pressing - Overview
• Exhibit 148: United Record Pressing - Product / Service
• Exhibit 149: United Record Pressing - Key offerings

• 12.17 Zenith Records 
• Exhibit 150: Zenith Records - Overview
• Exhibit 151: Zenith Records - Product / Service
• Exhibit 152: Zenith Records - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 153: Inclusions checklist
• Exhibit 154: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 155: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 156: Research methodology
• Exhibit 157: Validation techniques employed for market sizing
• Exhibit 158: Information sources

• 13.5 List of abbreviations 
• Exhibit 159: List of abbreviations

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 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.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

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