Vinyl Record Market Report: Trends, Forecast and Competitive Analysis to 2030

Vinyl Record Trends and Forecast

The future of the global vinyl record market looks promising with opportunities in the private and commercial markets. The global vinyl record market is expected to reach an estimated $3.5 billion by 2030 with a CAGR of 9.2% from 2024 to 2030. The major drivers for this market are growing embrace of omnichannel retail practices for vinyl records and increasing recognition as a timeless masterpiece by renowned artists.

A more than 150-page report is developed to help in your business decisions.

Vinyl Record by Segment

The study includes a forecast for the global vinyl record by feature, gender, age group, application, and region.

Vinyl Record Market by Feature [Shipment Analysis by Value from 2018 to 2030]:

• Colored
• Gatefold
• Picture

Vinyl Record Market by Gender [Shipment Analysis by Value from 2018 to 2030]:

• Men
• Women

Vinyl Record Market by Age Group [Shipment Analysis by Value from 2018 to 2030]:

• 13-17
• 18-25
• 26-35
• 36-50
• Above 50

Vinyl Record Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Private
• Commercial
• Others

Vinyl Record Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Vinyl Record Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies vinyl record companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the vinyl record companies profiled in this report include-

• GZ Media
• Implant Media
• Independent Record Pressing
• MPO International
• Optimal Media
• PrimeDisc
• Quality Record Pressings
• Stereodisk
• Record Industry
• Pallas

Vinyl Record Market Insights

Lucintel forecasts that colored is expected to witness the highest growth over the forecast period due to they diverse hues and exclusive editions, favored by artists, create visual appeal, driving its widespread popularity.

Within this market, private will remain the largest segment due to immersive, deliberate listening experience, providing a respite from fast-paced digital music consumption.

APAC is expected to witness highest growth over the forecast period due to its massive population, diverse musical tastes, cultural appreciation for nostalgia, and economic growth.

Features of the Global Vinyl Record Market

Market Size Estimates: Vinyl record market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Vinyl record market size by various segments, such as by feature, gender, age group, application, and region in terms of value ($B).

Regional Analysis: Vinyl record market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different feature, gender, age group, application, and regions for the vinyl record market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the vinyl record market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the vinyl record market size?

Answer: The global vinyl record market is expected to reach an estimated $3.5 billion by 2030.

Q2. What is the growth forecast for vinyl record market?

Answer: The global vinyl record market is expected to grow with a CAGR of 9.2% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the vinyl record market?

Answer: The major drivers for this market are growing embrace of omnichannel retail practices for vinyl records and increasing recognition as a timeless masterpiece by renowned artists.

Q4. What are the major segments for vinyl record market?

Answer: The future of the vinyl record market looks promising with opportunities in the private and commercial markets.

Q5. Who are the key vinyl record market companies?

Answer: Some of the key vinyl record companies are as follows.

• GZ Media
• Implant Media
• Independent Record Pressing
• MPO International
• Optimal Media
• PrimeDisc
• Quality Record Pressings
• Stereodisk
• Record Industry
• Pallas

Q6. Which vinyl record market segment will be the largest in future?

Answer: Lucintel forecasts that colored is expected to witness the highest growth over the forecast period due to they diverse hues and exclusive editions, favored by artists, create visual appeal, driving its widespread popularity.

Q7. In vinyl record market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to its massive population, diverse musical tastes, cultural appreciation for nostalgia, and economic growth.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the vinyl record market by feature(colored, gatefold, and picture), gender(men and women), age group(13-17, 18-25, 26-35, 36-50, and above 50), application(private, commercial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?