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The global vinyl record market was valued at US$ 1.3 Billion in 2020.
Sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary shutdown of numerous manufacturing units of vinyl records, thereby hampering the market growth.
We expect the global vinyl record market to exhibit a CAGR of 6.8% during 2021-2026.
The increasing adoption of omnichannel retailing practices for vinyl records along with their rising acceptance as heritage masterpiece by renowned artists, are some of the factors catalyzing the global vinyl record market.
Based on the product, the global vinyl record market can be bifurcated into LP/EP vinyl records and single vinyl records. Currently, LP/EP vinyl records hold the majority of the total market share.
Based on the feature, the global vinyl record market has been divided into colored, gatefold, and picture. Among these, colored represents the largest segment.
Based on the application, the global vinyl record market can be categorized into private and commercial. Currently, the commercial sector holds the largest market share.
On a regional level, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where Asia Pacific 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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