The global turntables market is anticipated to grow at a CAGR of 4.3% during the forecast period (2022-2028). In the foreseeable future, the global turntables market is anticipated to increase at a stable rate. Vinyl records have an unrivaled aesthetic appeal in the age of digital music. One of the main reasons for the rise in demand for turntables is the unique experience that vinyl records bring to music fans. Many music fans believe that turntable music produces high-quality sound. Furthermore, turntables have a cultural aspect that is both contemporary and classic. The turntables industry is expected to be driven by rising demand for vinyl recordings and live events. The increasing popularity of electronic dance music among young millennials is likely to increase the number of DJs around the globe, boosting the turntables industry. Additionally, promotional activities like Record Store Day are expected to bolster the turntable business. Record Store Day is a day when hundreds of independent record retailers come together to sell, buy, and promote vinyl records and turntables. Such events also aid in the expansion of the turntable market. Turntables have a long lifecycle and hence last a long time once acquired. This limits the market for turntables’ expansion.
The advent of vinyl records and vintage turntables is one of the most recent trends in the global turntables market. A phonograph, often known as a turntable, is a circular spinning platform that is used to play sound recordings. A motor spins the platter at a consistent pace on a turntable. The vibrations are converted into sound by placing a vinyl record, also known as a phonograph record. The current generation is becoming more interested in traditional music styles. Despite the fact that cell phones and tablets have become the latest music trends, vinyl’s historical uniqueness is regaining favor. Vinyl records and vintage turntables are becoming increasingly popular among millennials.
Some major players in the market include Audio-Technica Corp., Crosley Radio, Rega Research Ltd., Sony Corp., Sound United, LLC, and THORENS, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. THORENS offers TD 124 DD. THORENS is resurrecting one of the brand’s most renowned turntables with the new TD 124 DD. The TD 124’s initial design has been vastly refined utilizing modern methods, and it now provides unrivaled playback quality.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Audio-Technica Corp., Crosley Radio, Rega Research Ltd., Sony Corp., Sound United, LLC, and THORENS, among others.
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Global Turntables Market Report by Segment
By Type
- Direct-Drive
- Belt-Drive
- Idler-Wheel
By Application
- Home Entertainment
- Bar and Music Club
- Music Production
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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