Technavio has been monitoring the vinyl records market and it is poised to grow by USD 91.94 million during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Download a Free Sample Report on COVID-19
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Technavio has announced its latest market research report titled Vinyl Records Market in Europe 2020-2024 (Graphic: Business Wire)
Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the vinyl records market. The market growth in 2020 is likely to increase compared to the market growth in 2019.
Frequently Asked Questions:
Based on segmentation by product, which is the leading segment in the market?
LP/EP vinyl records
What are the major trends in the market?
An increasing number of promotional events
At what rate is the market projected to grow?
The market is projected to grow at a CAGR of almost 6% during 2020-2024.
Who are the top players in the market?
Deepgrooves BV, Edel SE & Co. KGaA, Europress Vinyl Srl, GZ Media AS, handle with care manufacturing, MPO France, R.A.N.D. MUZIK GbR, Record Industry BV, Schallplattenfabrik Pallas GmbH, and The Vinyl Factory Ltd. are the top players in the market.
What are the key market drivers and challenges?
The market is driven by the aesthetic appeal of vinyl records. However, the increasing price of vinyl records might hamper growth.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Deepgrooves BV, Edel SE & Co. KGaA, Europress Vinyl Srl, GZ Media AS, handle with care manufacturing, MPO France, R.A.N.D. MUZIK GbR, Record Industry BV, Schallplattenfabrik Pallas GmbH, and The Vinyl Factory Ltd. are some of the major market participants. Although the aesthetic appeal of vinyl records will offer immense growth opportunities, the increasing price of vinyl records is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this vinyl records market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Vinyl Records Market 2020-2024: Segmentation
Vinyl Records Market is segmented as below:
LP/EP Vinyl Records
Single Vinyl Records
Rest Of Europe
Online Retail Channel
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Vinyl Records Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The vinyl records market report covers the following areas:
Vinyl Records Market Size
Vinyl Records Market Trends
Vinyl Records Market Industry Analysis
This study identifies the increasing number of promotional events as one of the prime reasons driving the Vinyl Records Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Vinyl Records Market 2020-2024: Key Highlights
CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist vinyl records market growth during the next five years
Estimation of the vinyl records market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the vinyl records market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of vinyl records market vendors
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Five force summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Product
Comparison by Product
LP/EP vinyl records - Market size and forecast 2019-2024
Single vinyl records - Market size and forecast 2019-2024
Market opportunity by Product
Market Segmentation by Distribution Channel
Comparison by Distribution Channel
Online retail channel - Market size and forecast 2019-2024
Independent retailers - Market size and forecast 2019-2024
Supermarket/departmental store - Market size and forecast 2019-2024
Market opportunity by Distribution Channel
the UK - Market size and forecast 2019-2024
Germany - Market size and forecast 2019-2024
the Netherlands - Market size and forecast 2019-2024
Rest of Europe - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Edel SE & Co. KGaA
Europress Vinyl Srl
GZ Media AS
handle with care manufacturing
R.A.N.D. MUZIK GbR
Record Industry BV
Schallplattenfabrik Pallas GmbH
The Vinyl Factory Ltd.
Scope of the report
Currency conversion rates for US$
List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20201109006023/en/