A vinyl record is a kind of gramophone record which was mostly used in 1950s and 1990s. Vinyl records are mostly disc shaped polyvinyl chloride plastic with a single spiral groove run through a diamond or sapphire needle. These records are getting popular again for various reasons like re-use and storage.
The global vinyl records markets is estimated at US$ 178.98 mn in 2019. It is expected that the market wil increase at a CAGR of 14.99% by the end of 2026.
Research Methodology
Analysts at QY Research have published this report after studying global vinyl records markets. The report includes in depth analysis of the vinyl market from primary as well as secondary sources. The report covers detailed evaluation of market segment, type and application which will help readers understand the different aspect leading to market growth. The report evaluation is based on present trend and historic milestones affecting the market in positive as well as negative way. The detailed regional outlook and competitive analysis including drivers and restraints will provide an extended insight on the vinyl record market.
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Black Vinyl Records to Boost the Market due to Stronger Colour
Black coloured vinyl are made after adding black carbon that strengthens the PVC mix while manufacturing vinyl records. Most commonly used vinyl records are plain black rather than dyed one. The coloured vinyl records are not pressed well as the black carbon vinyl which can affect the sound quality. Moreover, coloured vinyl records are often expensive than the black vinyl records as the as the process of manufacturing coloured goes through addition steps such as picture layered where the colour or dye is added and a clear plastic layer which negatively affects long term durability as well as sound quality. Due to these reasons it is expected that the original black vinyl record will boost the market further.
Aesthetic Factor of Vinyl Records to Augment the Demand for Private Applications
Vinyl records are majorly purchased for music collection as they are aesthetically appealing than tapes or CDs. Moreover, vinyl records have better sound quality and durability than tapes or CDs. People also collect vinyl records for antique and investment purposes as old vinyl records have good chances to sell 1o times more than the original prices. The vinyl record markets demand has increased in past few years and the market will grow further during the forecast period.
United States to Dominate the Vinyl Record Market as the Importance of Music Industry Grows
United States has accounted for the largest sell for vinyl records. Vinyl records possess factors like great sound quality and also represents old music culture and nostalgia. Many new famous music directors as well as singers have also started adopting and launching music in vinyl format which is expected to fuel the market in United States. Other regions to drive the market also include China and European Union.
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Global Vinyl Records Market Competitive Analysis
The key drivers are mainly focusing on product innovation and development as well as business expansion and acquisition. The key players driving the vinyl record market include MPO Intrenational, GZ Media, Record Industry, Optimal Media, Pallas, United Record Pressing, Quality Record Pressing, Rainbo Records, R.A.N.D Records, Pallas, Analogue Production, Independiant Record Pressing, Prime Disc, and StereoDisc.
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