Turntable Market Manufacturers, Type, Application, Regions and Forecast to 2028
According to the most recent Emergen Research report, the global turntable market is expected to reach USD 508.3 million in 2028 at a CAGR of 4.4% during the forecast period. The growing popularity of in-house DJ and EDM, the increasing number of DJs who prefer to rent music equipment, and the growing trend of vinyl records to boost aesthetic appeal are key factors expected to drive market revenue growth over the forecast period. The introduction of vintage turntables and the resurgence of the vinyl record trend has increased demand for turntables and is expected to boost market revenue growth in the future. A turntable is a circular rotating platform of a phonograph, such as a record player or gramophone.
Emergen Research has released a report on the Global Turntables Market. The report gives the client the most recent trending insights into the Turntables market. Market value and growth rate, size, production consumption and gross margin, pricing, and other influential factors are all covered in the report. Along with these, the report includes detailed information about all of the Turntables market’s distributors, suppliers, and retailers. The report discusses in detail the competitive landscape of all industry players. Because of the pandemic, market participants have strategically altered their business plans.
In the near future, the global turntables market is expected to grow at a steady rate. Vinyl records have an unrivalled aesthetic appeal in the age of digital music. One of the primary reasons for the increase in demand for turntables is the experience that vinyl records provide to music lovers. Many music lovers believe that music played on a turntable produces high-quality sounds. Additionally, turntables have a cultural quality that is both modern and classic. The turntables market is expected to be driven by rising demand for vinyl records and live shows. The growing popularity of electronic dance music among young millennials is expected to increase the number of DJs worldwide, boosting the turntables market.
Top Turntable Market competitors profiled in the report include:
Sound United, LLC, inMusic, Inc., Clear Audio Electronic GmBH, Panasonic Corporation, Thorens, Pro-Ject Audio Systems, Audio-Technica Corporation, TEAC Corporation, Sony Group Corporation, and Crosley Radio are among the companies that make up the Sound United, LLC.
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Some Key Highlights in the Report:
DJ segment revenue is expected to grow at a significant revenue CAGR during the forecast period, owing to the growing popularity of DJ music around the world, rising demand for turntables from new and emerging DJs, and the growing trend of in-house DJ and live music shows.
Moving magnets accounted for the largest revenue share in the global market in 2020 and are expected to grow significantly over the forecast period. Moving magnet design is durable, comes with a user-replaceable stylus, and produces moderate to high output levels, which has increased their adoption in home stereo systems and is expected to contribute to the segment’s revenue growth in the future.
Due to the increasing use of turntables for hip-hop, classical, or EDM music composition, the music composition segment is expected to see significant revenue growth over the forecast period.
For the purpose of this report, Emergen Research has segmented the global turntable market on the basis of type, cartridges, application, and region:
Type Outlook (Revenue, USD Million; 2018-2028)
- Belt drive
- Direct Drive
- Idler Wheel
Cartridges Outlook (Revenue, USD Million; 2018-2028)
- Moving Magnet
- Moving Coil
Application Outlook (Revenue, USD Million; 2018-2028)
- Music Composition
- Music Clubs & Bars
Regional Analysis of the Turntable Market:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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