Global Vinyl Records Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Vinyl Records Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

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 new-generation artists as well.

Market Overview:

The latest research study on the global Vinyl Records market finds that the global Vinyl Records market reached a value of USD 882.82 million in 2022. It’s expected that the market will achieve USD 1964.84 million by 2028, exhibiting a CAGR of 14.26% during the forecast period.

The Russia-Ukraine war had immediate and dramatic effects on global markets. The spike in energy prices following the start of the war directly impacted consumers and industries with energy-intensive costs — particularly for countries with large energy imports from Russia. The spike also worsened an already bad inflation situation resulting partly from highly stimulative fiscal and monetary policies implemented during the depths of the COVID-19 crisis.

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. The market is driven by the aesthetic appeal of vinyl records, rising promotional events in developed nations, and increasing demand for vinyl records from millennials. Vinyl records provide consumers with an unparalleled aesthetic and music quality and extensive record experience.

Coping with the demand is a major challenge being faced by manufacturers. The limited stock of factories compared to the huge number of labels worldwide has created a major challenge for the supply side of vinyl records. A few plants operating across the world that press records have been trying to meet the huge demand, which has resulted in long delays and other production problems.

Region Overview:

In 2022, the share of the Vinyl Records market in United States stood at 42.18%.

Company Overview:

GZ Media
GZ Media is the world´s largest producer of vinyl records and one of the most complete print & packaging companies in Europe. GZ pressed the first vinyl record in 1951. The production of vinyl records at GZ is a perfect combination of history, experience and advanced technologies which have created a modern customer-oriented company. Vinyl records deliver a richer sound than that of digital carriers and GZ brings another dimension of richness – a wide portfolio of vinyl records and packaging which make it possible for the artists and labels to market their work in a truly creative way.

Optimal Media

Optimal Media professional manufacturers and distributors of high-end printed materials such as books, magazines, media packaging as well as storage media like vinyl records, CDs DVDs and BDs. Optimal Media offers you all the advantages of an excellent network: with the in-house sector5 studio, the service centres in Berlin, Hamburg and Stockholm and the Edel Group, Optimal Media’s range of products and services is as unique as it is diverse.

Segmentation Overview:

Vinyl records are made from PVC pellets which naturally have no color. In order to make records black, vinyl is mixed with another ingredient, black carbon. Black carbon not only gives records that beautiful black sheen, but it also strengthens the vinyl when mixed in with PVC pellets. The rigidity of the end product is a lot stronger and likely to last much longer. If dyes are used to change the color instead, the record could be slightly weaker and may not last as long.

Instead of black carbon, colored records are created using different colored dyes mixed with PVC as part of the manufacturing process. It’s this process of mixing different ingredients that can, potentially, make the record sound different. Colored vinyl has become extremely popular over the last decade. From solid primary colors to transparent opaque designs to multi-colored splatter records, it’s like a whole rainbow of vinyl has opened up. With colored records becoming so popular, the skill in creating them and the technology and materials to do so have improved.

Among different product types, Black Vinyl Records segment is anticipated to contribute the largest market share in 2028.

Application Overview:

In terms of applications, the vinyl records market can be fragmented into commercial and private. Private buyers are getting more interested in special releases as they retain recordings as a collectible and view them as a prestige or niche commodity.

Key Companies in the global Vinyl Records market covered in Chapter 3:

GZ Media
Pallas
Optimal Media
Record Industry
Memphis Record
Prime Disc (Yong Tong A&V Manufacture)
United Record Pressing
RAND Muzik
StereoDisk
Independent Record Pressing
MPO International

In Chapter 4 and Chapter 14.2, on the basis of types, the Vinyl Records market from 2018 to 2029 is primarily split into:

Black Vinyl Records
Colored Vinyl Records

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Vinyl Records market from 2018 to 2029 covers:

Private
Commerce

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)