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Vinyl Record Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

October 2023 | 139 pages | ID: VAFB1F7AFB34EN
IMARC Group

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Market Overview:

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:

Colored

Gatefold

Picture

Breakup by Gender:

Men

Women

Breakup by Age Group:

13-17

18-25

26-35

36-50

Above 50

Breakup by Application:

Private

Commercial

Breakup by Distribution Channel:

Supermarkets and Hypermarkets

Independent Retailers

Online Stores

Others

Breakup by Region:

North America

United States

Canada

Asia Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Competitive Landscape:

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.

Key Questions Answered in This Report

1. What was the size of the global vinyl record market in 2022?

2. What is the expected growth rate of the global vinyl record market during 2023-2028?

3. What are the key factors driving the global vinyl record market?

4. What has been the impact of COVID-19 on the global vinyl record market?

5. What is the breakup of the global vinyl record market based on the product?

6. What is the breakup of the global vinyl record market based on the feature?

7. What is the breakup of the global vinyl record market based on the gender?

8. What is the breakup of the global vinyl record market based on the age group?

9. What is the breakup of the global vinyl record market based on the application?

10. What is the breakup of the global vinyl record market based on the distribution channel?

11. What are the key regions in the global vinyl record market?

12. Who are the key companies/players in the global vinyl record market?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL VINYL RECORD MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY PRODUCT

6.1 LP/EP Vinyl Records
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Single Vinyl Records
  6.2.1 Market Trends
  6.2.2 Market Forecast

7 MARKET BREAKUP BY FEATURE

7.1 Colored
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Gatefold
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Picture
  7.3.1 Market Trends
  7.3.2 Market Forecast

8 MARKET BREAKUP BY GENDER

8.1 Men
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Women
  8.2.1 Market Trends
  8.2.2 Market Forecast

9 MARKET BREAKUP BY AGE GROUP

9.1 13-17
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 18-25
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 26-35
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4 36-50
  9.4.1 Market Trends
  9.4.2 Market Forecast
9.5 Above
  9.5.1 Market Trends
  9.5.2 Market Forecast

10 MARKET BREAKUP BY APPLICATION

10.1 Private
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 Commercial
  10.2.1 Market Trends
  10.2.2 Market Forecast

11 MARKET BREAKUP BY DISTRIBUTION CHANNEL

11.1 Supermarkets and Hypermarkets
  11.1.1 Market Trends
  11.1.2 Market Forecast
11.2 Independent Retailers
  11.2.1 Market Trends
  11.2.2 Market Forecast
11.3 Online Stores
  11.3.1 Market Trends
  11.3.2 Market Forecast
11.4 Others
  11.4.1 Market Trends
  11.4.2 Market Forecast

12 MARKET BREAKUP BY REGION

12.1 North America
  12.1.1 United States
    12.1.1.1 Market Trends
    12.1.1.2 Market Forecast
  12.1.2 Canada
    12.1.2.1 Market Trends
    12.1.2.2 Market Forecast
12.2 Asia Pacific
  12.2.1 China
    12.2.1.1 Market Trends
    12.2.1.2 Market Forecast
  12.2.2 Japan
    12.2.2.1 Market Trends
    12.2.2.2 Market Forecast
  12.2.3 India
    12.2.3.1 Market Trends
    12.2.3.2 Market Forecast
  12.2.4 South Korea
    12.2.4.1 Market Trends
    12.2.4.2 Market Forecast
  12.2.5 Australia
    12.2.5.1 Market Trends
    12.2.5.2 Market Forecast
  12.2.6 Indonesia
    12.2.6.1 Market Trends
    12.2.6.2 Market Forecast
  12.2.7 Others
    12.2.7.1 Market Trends
    12.2.7.2 Market Forecast
12.3 Europe
  12.3.1 Germany
    12.3.1.1 Market Trends
    12.3.1.2 Market Forecast
  12.3.2 France
    12.3.2.1 Market Trends
    12.3.2.2 Market Forecast
  12.3.3 United Kingdom
    12.3.3.1 Market Trends
    12.3.3.2 Market Forecast
  12.3.4 Italy
    12.3.4.1 Market Trends
    12.3.4.2 Market Forecast
  12.3.5 Spain
    12.3.5.1 Market Trends
    12.3.5.2 Market Forecast
  12.3.6 Russia
    12.3.6.1 Market Trends
    12.3.6.2 Market Forecast
  12.3.7 Others
    12.3.7.1 Market Trends
    12.3.7.2 Market Forecast
12.4 Latin America
  12.4.1 Brazil
    12.4.1.1 Market Trends
    12.4.1.2 Market Forecast
  12.4.2 Mexico
    12.4.2.1 Market Trends
    12.4.2.2 Market Forecast
  12.4.3 Others
    12.4.3.1 Market Trends
    12.4.3.2 Market Forecast
12.5 Middle East and Africa
  12.5.1 Market Trends
  12.5.2 Market Breakup by Country
  12.5.3 Market Forecast

13 SWOT ANALYSIS

13.1 Overview
13.2 Strengths
13.3 Weaknesses
13.4 Opportunities
13.5 Threats

14 VALUE CHAIN ANALYSIS

15 PORTERS FIVE FORCES ANALYSIS

15.1 Overview
15.2 Bargaining Power of Buyers
15.3 Bargaining Power of Suppliers
15.4 Degree of Competition
15.5 Threat of New Entrants
15.6 Threat of Substitutes

16 PRICE INDICATORS

17 COMPETITIVE LANDSCAPE

17.1 Market Structure
17.2 Key Players
17.3 Profiles of Key Players
  17.3.1 GZ Media
    17.3.1.1 Company Overview
    17.3.1.2 Product Portfolio
  17.3.2 Implant Media Pty Ltd.
    17.3.2.1 Company Overview
    17.3.2.2 Product Portfolio
  17.3.3 Independent Record Pressing
    17.3.3.1 Company Overview
    17.3.3.2 Product Portfolio
  17.3.4 MPO International (Aker Solutions)
    17.3.4.1 Company Overview
    17.3.4.2 Product Portfolio
  17.3.5 Optimal Media (Brand Networks)
    17.3.5.1 Company Overview
    17.3.5.2 Product Portfolio
  17.3.6 PrimeDisc International Limited
    17.3.6.1 Company Overview
    17.3.6.2 Product Portfolio
  17.3.7 Quality Record Pressings
    17.3.7.1 Company Overview
    17.3.7.2 Product Portfolio
  17.3.8 R.a.n.d.muzik Record Manufacturing
    17.3.8.1 Company Overview
    17.3.8.2 Product Portfolio
  17.3.9 Record Industry
    17.3.9.1 Company Overview
    17.3.9.2 Product Portfolio
  17.3.10 Pallas Group
    17.3.10.1 Company Overview
    17.3.10.2 Product Portfolio
  17.3.11 Stereodisk LLC
    17.3.11.1 Company Overview
    17.3.11.2 Product Portfolio
  17.3.12 United Record Pressing
    17.3.12.1 Company Overview
    17.3.12.2 Product Portfolio

LIST OF TABLES

Table 1: Global: Vinyl Record Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Vinyl Record Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 3: Global: Vinyl Record Market Forecast: Breakup by Feature (in Million US$), 2023-2028
Table 4: Global: Vinyl Record Market Forecast: Breakup by Gender (in Million US$), 2023-2028
Table 5: Global: Vinyl Record Market Forecast: Breakup by Age Group (in Million US$), 2023-2028
Table 6: Global: Vinyl Record Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 7: Global: Vinyl Record Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 8: Global: Vinyl Record Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 9: Global: Vinyl Record Market Structure
Table 10: Global: Vinyl Record Market: Key Players

LIST OF FIGURES

Figure 1: Global: Vinyl Record Market: Major Drivers and Challenges
Figure 2: Global: Vinyl Record Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Vinyl Record Market: Breakup by Product (in %), 2022
Figure 4: Global: Vinyl Record Market: Breakup by Feature (in %), 2022
Figure 5: Global: Vinyl Record Market: Breakup by Gender (in %), 2022
Figure 6: Global: Vinyl Record Market: Breakup by Age Group (in %), 2022
Figure 7: Global: Vinyl Record Market: Breakup by Application (in %), 2022
Figure 8: Global: Vinyl Record Market: Breakup by Distribution Channel (in %), 2022
Figure 9: Global: Vinyl Record Market: Breakup by Region (in %), 2022
Figure 10: Global: Vinyl Record Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 11: Global: Vinyl Record (LP/EP) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Vinyl Record (LP/EP) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Vinyl Record (Single) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Vinyl Record (Single) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Vinyl Record (Colored) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Vinyl Record (Colored) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Vinyl Record (Gatefold) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Vinyl Record (Gatefold) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Vinyl Record (Picture) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Vinyl Record (Picture) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Vinyl Record (Men) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Vinyl Record (Men) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Vinyl Record (Women) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Vinyl Record (Women) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Vinyl Record (13-17) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Vinyl Record (13-17) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Vinyl Record (18-25) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Vinyl Record (18-25) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Vinyl Record (26-35) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Vinyl Record (26-35) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Vinyl Record (36-50) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Vinyl Record (36-50) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: Vinyl Record (Above 50) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: Vinyl Record (Above 50) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: Vinyl Record (Private) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: Vinyl Record (Private) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: Vinyl Record (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: Vinyl Record (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: Vinyl Record Market: Sales through Supermarkets and Hypermarkets (in Million US$), 2017 & 2022
Figure 40: Global: Vinyl Record Market Forecast: Sales through Supermarkets and Hypermarkets (in Million US$), 2023-2028
Figure 41: Global: Vinyl Record Market: Sales through Independent Retailers (in Million US$), 2017 & 2022
Figure 42: Global: Vinyl Record Market Forecast: Sales through Independent Retailers (in Million US$), 2023-2028
Figure 43: Global: Vinyl Record Market: Sales through Online Stores (in Million US$), 2017 & 2022
Figure 44: Global: Vinyl Record Market Forecast: Sales through Online Stores (in Million US$), 2023-2028
Figure 45: Global: Vinyl Record Market: Sales through Other Distribution Channels (in Million US$), 2017 & 2022
Figure 46: Global: Vinyl Record Market Forecast: Sales through Other Distribution Channels (in Million US$), 2023-2028
Figure 47: North America: Vinyl Record Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: North America: Vinyl Record Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: United States: Vinyl Record Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: United States: Vinyl Record Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Canada: Vinyl Record Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Canada: Vinyl Record Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Asia Pacific: Vinyl Record Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Asia Pacific: Vinyl Record Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: China: Vinyl Record Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: China: Vinyl Record Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Japan: Vinyl Record Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Japan: Vinyl Record Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: India: Vinyl Record Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: India: Vinyl Record Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: South Korea: Vinyl Record Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: South Korea: Vinyl Record Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Australia: Vinyl Record Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Australia: Vinyl Record Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Indonesia: Vinyl Record Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Indonesia: Vinyl Record Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Others: Vinyl Record Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Others: Vinyl Record Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Europe: Vinyl Record Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Europe: Vinyl Record Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Germany: Vinyl Record Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Germany: Vinyl Record Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: France: Vinyl Record Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: France: Vinyl Record Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: United Kingdom: Vinyl Record Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: United Kingdom: Vinyl Record Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Italy: Vinyl Record Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Italy: Vinyl Record Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Spain: Vinyl Record Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Spain: Vinyl Record Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Russia: Vinyl Record Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Russia: Vinyl Record Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Others: Vinyl Record Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Others: Vinyl Record Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Latin America: Vinyl Record Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Latin America: Vinyl Record Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Brazil: Vinyl Record Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Brazil: Vinyl Record Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Mexico: Vinyl Record Market: Sales Value (in Million US$), 2017 & 2022
Figure 90: Mexico: Vinyl Record Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: Others: Vinyl Record Market: Sales Value (in Million US$), 2017 & 2022
Figure 92: Others: Vinyl Record Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 93: Middle East and Africa: Vinyl Record Market: Sales Value (in Million US$), 2017 & 2022
Figure 94: Middle East and Africa: Vinyl Record Market: Breakup by Country (in %), 2022
Figure 95: Middle East and Africa: Vinyl Record Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 96: Global: Vinyl Record Industry: SWOT Analysis
Figure 97: Global: Vinyl Record Industry: Value Chain Analysis
Figure 98: Global: Vinyl Record Industry: Porter’s Five Forces Analysis


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