Record Player Market Size, Trends, Share, Research Report Study, Regional & Industry Analysis, Forecast to 2028

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Market Size – USD 361.6 million in 2020, Market Growth – at a CAGR of 4.4%, Market Trends – Rising trend of DJs and emergence of many new players

The size of the turntables market with the growing popularity of in-house DJs, growing demand for rental turntables, and growing preference for vinyl records and live performances are some of the key factors expected for the growth of the market”

— Emerging research

VANCOUVER, BC, CANADA, June 7, 2022 /EINPresswire.com/ — The global turntable market size is expected to reach USD 508.3 million in 2028 with a CAGR of 4.4% during the forecast period, according to the latest report from Emergen Research. Rising popularity of in-house DJs and EDMs, increasing number of DJs preferring to rent music equipment, and rising trend of vinyl records to enhance aesthetic appeal are key factors that are expected to drive the market revenue growth during the forecast period. The advent of vintage turntables and the re-emergence of the vinyl record trend has further boosted the demand for turntables and is expected to further drive the market revenue growth in the future. The turntable is a circular rotating platform of a phonograph such as a record player and a gramophone, among others. It is a device specifically used for playing sound recordings and nowadays versatile and modern devices at affordable prices. Modern turntables are equipped with advanced features such as Bluetooth connectivity and USB ports that allow seamless recording of vinyl to the computer. Turntables have been in high demand due to the growing trend of hip-hop music and live performances. The increase in the level of disposable income has also contributed to the growing number of DJs and new individuals who have made inroads into the musical mainstream. The turntables also generate high quality sounds and offer cultural quality.

The latest and updated Global Turntables Market research report covers a comprehensive overview of the Turntables Market, future economic conditions, competitive landscape mapping, supply & demand trends, and analysis of production and consumption. The report also covers the influence of the COVID-19 pandemic on the Platinum market. The pandemic has dynamically affected all aspects of life globally, along with drastic changes in the economy and market conditions. The report covers the currently fluctuating market scenario along with the current and future assessment of the impact of COVID-19. The report includes historical data, company overview, financial status and necessary information about the new key players in the market.

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Some key highlights in the report:

Revenue from the DJ segment is expected to increase at a significant CAGR during the forecast period, driven by the growing popularity of DJ music across the globe, growing demand for turntables from new and emerging DJs and the growing trend of in-house DJs and live music shows.

The moving magnet segment accounted for the largest revenue share in the global market in 2020 and is expected to witness significant revenue growth during the forecast period. The moving magnet design is durable, features a user-replaceable stylus, and offers a moderate to high level of output, which has increased their adoption in home stereo systems and is expected to contribute to revenue growth of the segment in the future.

The music composition segment is expected to witness considerable revenue growth over the forecast period owing to the increasing use of turntables for hip-hop, classical or EDM music composition.

North America is expected to lead other regions in terms of revenue over the forecast period, owing to the rising popularity and trend of DJ music, the presence of a large number of clubs and bars of music and the growing number of live shows, music concerts and musical performances in the area.

The report offers a comprehensive overview of the competitive landscape and covers company profiles, production and manufacturing capacity, product portfolio, expansion strategies and business initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. .

Leading Players Analyzed in the Report:

Sound United, LLC, inMusic, Inc., Clear Audio Electronic GmBH, Panasonic Corporation, Thorens, Pro-Ject Audio Systems, Audio-Technica Corporation, TEAC Corporation, Sony Group Corporation and Crosley Radio.

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Further, the report divides the turntables market into key segments and sub-segments to offer an analysis of product type and industry application spectrum. It also offers predictions on which segments are expected to show significant growth over the forecast period.

For the purposes of this report, Emergen Research has segmented the global turntable market based on type, cartridges, application, and region:

Type Outlook (Revenue, USD Million; 2018-2028)

Seatbelt

direct drive

Idler wheel

dj

Cartridges Outlook (Revenue, USD Million; 2018-2028)

Moving magnet

Moving coil

Application Outlook (Revenue, USD Million; 2018-2028)

Residential

Musical composition

Music clubs and bars

Gigs

Others

The report offers a comprehensive breakdown of the regional analysis of the market and subsequent analysis by country. The regional market analysis includes information on production volume, consumption volume and patterns, revenue and growth rate for the forecast period 2020-2028. According to the regional analysis, the market is primarily split across the key geographical regions as follows:

North America (USA, Canada)

Europe (UK, Italy, Germany, France, Rest of EU)

Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)

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The report covers the key points of the market including the standards, regulations and policy changes applied by the government on the industry for the coming years. The report encompasses in-depth research conducted through the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to identify trends and growth patterns. Factors likely to influence market growth, current trends, opportunities, restraining factors, and the business landscape are thoroughly discussed in the market study.

Overview of the Turntable Market report:

Introduction, Product Scope, Market Overview and Opportunities

Manufacturers Analysis with Sales, Revenue and Price Analysis

Complete analysis of the competitive landscape

Detailed profiling of key competitors along with their business strategies and market size

Regional analysis of the market along with sales, revenue, market share and global position

Country-wise analysis of the market along with types, applications, and manufacturing

Strategic recommendations to established players as well as new entrants

In-depth analysis of the Turntable industry risks, restraints, and limitations

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Thank you for reading our report. Please contact us for more information about the report or report customization. Our team will ensure that the report is best suited to your needs.

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Turntable market size will reach USD 508.3 million in 2028

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