According to IMARC Group’s latest report, titled “Vinyl Record Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,”The global vinyl record market reached a value of US$ 1.3 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 6.8% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
A vinyl record, or phonograph record, is an analog sound storage device that uses a polyvinyl chloride-based plastic disc. The discs have modulated sound information inscribed in the surface materials in grooves. A vinyl record can have a metal, resin, cardboard, or glass core and is incised on both sides with a single concentric spiral groove, and a sapphire/diamond needle/stylus. These records were earlier used as the primary medium for commercial music production; however, they are now gaining traction among the new-generation artists.
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Market Trends
Rapid urbanization and the adoption of omnichannel retailing practices by vendors to widen their consumer base are propelling the demand for the vinyl record market. Music collectors, audiophiles, and disc jockeys (DJs) are widely using these records for concerts, shows, and music recordings. Furthermore, the demand for vinyl records is significantly increasing in the contemporary music scenario, being a significant part of pop music history and heritage. Popular music giants are releasing and offering deluxe or limited-edition albums to promote vinyl records. Additionally, several technological advancements in the records to increase disc capacity, maintain high-definition (HD) audio quality and reduce the overall production costs are further augmenting the market growth. Moreover, aggressive promotional activities and growing consumer disposable income levels are also projected to drive the vinyl record market.
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List of Key Companies Covered in this Market Report:
Schulman Inc.
Americhem
Ampacet Corporation
Cabot Corporation
Clariant AG
Gabriel-Chemie
Hubron International
Penn Color Inc.
Plastiblends India
Plastika Kritis S.A.
Polyone Corporation
Polyplast Muller
RTP Company
Tosaf Group
The report has segmented the market on the basis of product, feature, gender, age group, application, distribution channel and geography.
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
Breakup by Application:
Private
Commercial
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Independent Retailers
Online Stores
Others
Breakup by Geography:
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
Latin America (Brazil, Mexico)
Middle East & Africa
Key highlights of the report:
Market Performance (2015-2020)
Market Outlook (2021- 2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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