Global Turntables Market Growth 2023-2029

Global Turntables Market Growth 2023-2029

A turntable is the circular rotating platform of a phonograph (a.k.a. record player, gramophone, turntable, etc.), a device for playing sound recordings. The phonograph is a device invented in 1877 for the mechanical recording and reproduction of sound. In its later forms it is also called a gramophone (as a trademark since 1887, as a generic name since c. 1900). The sound vibration waveforms are recorded as corresponding physical deviations of a spiral groove engraved, etched, incised, or impressed into the surface of a rotating cylinder or disc, called a "record". To recreate the sound, the surface is similarly rotated while a playback stylus traces the groove and is therefore vibrated by it, very faintly reproducing the recorded sound. In early acoustic phonographs, the stylus vibrated a diaphragm which produced sound waves which were coupled to the open air through a flaring horn, or directly to the listener's ears through stethoscope-type earphones. The disc phonograph record was the dominant audio recording format throughout most of the 20th century. From the mid-1980s on, phonograph use on a standard record player declined sharply because of the rise of the cassette tape, compact disc and other digital recording formats. Records are still a favorite format for some audiophiles and DJs. Vinyl records are still used by some DJs and musicians in their concert performances. Musicians continue to release their recordings on vinyl records. The original recordings of musicians are sometimes re-issued on vinyl.
LPI (LP Information)' newest research report, the “Turntables Industry Forecast” looks at past sales and reviews total world Turntables sales in 2022, providing a comprehensive analysis by region and market sector of projected Turntables sales for 2023 through 2029. With Turntables sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Turntables industry.
This Insight Report provides a comprehensive analysis of the global Turntables landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Turntables portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Turntables market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Turntables and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Turntables.
The global Turntables market size is projected to grow from US$ 406 million in 2022 to US$ 594.6 million in 2029; it is expected to grow at a CAGR of 594.6 from 2023 to 2029.
Global Turntables key players include Pro-ject, Audio-Technica, Crosley, Panasonic Corporation, Sony, etc. Global top five manufacturers hold a share about 75%. North America and Europe is the largest market, both with a share about 40%, followed by Asia-Pacific, with a share about 15 percent. In terms of product, Belt-drive turntable is the largest segment, with a share about 40%. And in terms of application, the largest application is Home entertainment, followed by Music production, Bar and music club, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Turntables market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Direct-Drive Turntable
Belt-Drive Turntable
Idler-Wheel Turntable
Segmentation by application
Home Entertainment
Bar and Music Club
Music Production
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Pro-ject
Crosley
Audio-Technica
Sony
Teac
Denon
Thorens
Panasonic
Rega
VPI Nomad
JR Transrotor
Stanton
Numark
Music Hall
Ion
Akai
Clearaudio
Key Questions Addressed in this Report
What is the 10-year outlook for the global Turntables market?
What factors are driving Turntables market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Turntables market opportunities vary by end market size?
How does Turntables break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.