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:
Breakup by Gender:
Breakup by Age Group:
Breakup by Application:
Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Breakup by Region:
Middle East and Africa
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.
Base Year of the Analysis
Product, Feature, Gender, Age Group, Application, Distribution Channel, Region
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
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 and United Record Pressing
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Key Questions Answered in This Report
The global vinyl record market was valued at US$ 1.7 Billion in 2022.
We expect the global vinyl record market to exhibit a CAGR of 9.4% during 2023-2028.
The increasing adoption of omnichannel retailing practices for vinyl records, along with their rising
acceptance as a heritage masterpiece by renowned artists, is primarily driving the global vinyl record
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across several nations resulting in temporary closure of numerous
manufacturing units for vinyl records.
Based on the product, the global vinyl record market has been bifurcated into LP/EP vinyl records
and single vinyl records. Currently, single vinyl records hold the majority of the total market share.
Based on the feature, the global vinyl record market can be divided into colored, gatefold, and
picture. Among these, colored exhibits a clear dominance in the market.
Based on the gender, the global vinyl record market has been categorized into men and women.
Currently, men account for the majority of the global market share.
Based on the age group, the global vinyl record market can be segregated into 13-17, 18-25, 26-35,
36-50, and above 50. Among these, 26-35 currently holds the largest market share.
Based on the application, the global vinyl record market has been categorized into private and
commercial. Currently, the private sector exhibits a clear dominance in the market.
Based on the distribution channel, the global vinyl record market can be segmented into
supermarkets and hypermarkets, independent retailers, online stores, and others. Among these,
independent retailers account for the majority of the total market share.
On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where Asia Pacific currently dominates the global market.
Some of the major players in the global vinyl record market include 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.
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