Recordable Media Manufacturing in the US - Industry Market Research Report

Recordable Media Manufacturing in the US - Industry Market Research Report

Recordable Media Manufacturing in the US

The Recordable Media Manufacturing industry comprises establishments engaged in manufacturing optical and magnetic media. Over the five years to 2019, this industry has declined as its core products are continuously replaced by digital media and streaming services. Consumer preference has shifted toward streaming and downloading entertainment, along with software and cloud services for data storage, as they negate the need for industry products. Furthermore, the consistent decline in demand for core industry products has forced many operators to exit the industry. As a result of these negative trends, industry revenue has declined during the current period. Industry revenue is forecast to decline further over the five years to 2024, as digital media will likely continue replacing industry products due to the greater level of affordability and convenience that it offers.

This industry encapsulates enterprises that manufacture optical and magnetic media. These include blank audio tapes, video tapes, diskettes, compact discs (CDs), digital versatile discs (DVDs) and Blu-ray discs. Companies in this industry also mass duplicate audio, video, software and other data on magnetic, optical or similar media. This industry excludes circuit board-based storage technologies, such as MP3 players, flash drives, hard disks and portable hard disk drives.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.