Global Turntable Market Forecast to 2028

The global turntable market size reached USD 361.6 million in 2020 and is expected to register a CAGR of 4.4% during the forecast period. The trend and popularity of having a DJ in the house playing live music are expected to continue to drive global turntable market revenue growth. Electronic Dance Music (EDM) has been around for a while but has been gaining traction among a steadily and massively increasing fan base. In addition, the trend has been gaining traction among an increasing number of newer individuals and DJs, and many of these are in their teens. The ability to purchase turntables is based on capacity to spend, and a number of DJs prefer to rent equipment for shows, either live shows, recordings for events, or music vlogs. Turntables have also evolved considerably since the advent of the record player. The availability of high-quality beats and samples and the rising fan following of the EDM genre among young musicians are other factors supporting market growth. Various unknown musicians have risen and launched their careers in this genre. This clearly indicates that EDM is no longer considered underground or a fad but has entered the mainstream, which is expected to continue to increase demand for turntables.

The analysis provides accurate growth pattern estimates and looks at the factors influencing market growth in the global Turntable market. The report's primary focus is on the key market constituents, including market drivers, restraints, opportunities, threats, risks, restrictions, and other factors. The research includes comprehensive studies of the company profiles, product portfolio, and corporate expansion strategies, in addition to a complete investigation of the competition landscape.

The turntable market has experienced a resurgence in recent years, with vinyl records making a comeback as a popular format for music enthusiasts. A turntable, also known as a record player, is a device used to play vinyl records. It uses a stylus, or needle, to read the grooves on the record, which are then amplified and played through speakers or headphones.

There are a variety of turntables on the market, ranging from budget-friendly models for casual listeners to high-end models for audiophiles. Some turntables have built-in preamps and speakers, while others require external equipment to play sound. Additionally, turntables can have different features, such as automatic start and stop, adjustable pitch control, and USB connectivity for digitizing records.

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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Turntable market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

Key Companies Profiled in the Report are:

Sound United, LLC, inMusic Inc., Clear Audio Electronic GmbH, Panasonic Corporation, Thorens, Pro-Ject Audio Systems, Audio-Technica Corporation, TEAC Corporation, Sony Group Corporation, Crosley Radio

Research Report on the Turntable Market Addresses the Following Key Questions:

• Who are the dominant players of the Turntable market?
• Which regional market is anticipated to have a high growth rate over the projected period?
• What consumer trends and demands are expected to influence the operations of the market players in the Turntable market?
• What are the key growth drivers and restraining factors of the Turntable market?
• What are the expansion plans and strategic investment plans undertaken by the players to gain a robust footing in the market?
• What is the overall impact of the COVID-19 pandemic on the Turntable market and its key segments?

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Some Key Highlights in the Report:

• DJ segment revenue is expected to expand at a significant revenue CAGR over the forecast period attributed to rising popularity of DJ music across the globe, increasing demand for turntables from new and emerging DJs, and growing trend of in-house DJ and live music shows.
• Moving magnet segment accounted for largest revenue share in the global market in 2020 and is expected to register significant revenue growth over the forecast period. Moving magnet design is durable, is equipped with a user-replaceable stylus, and delivers moderate to high output level which have increased their adoption in home stereo systems and is expected to contribute to revenue growth of the segment going ahead.
• Music composition segment is expected to register considerable revenue growth over the forecast period owing to increasing use of turntables for hip-hop, classical, or EDM music composition.
• North America is expected to dominate other regions in terms of revenue over the forecast period attributed to rising popularity and trend of DJ music, presence of large number of music clubs and bars, and increasing number of live shows, music concerts, and music shows in the region.

Market Segmentations of the Turntable Market

This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2021 and 2028. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Turntable market on the basis of product, application, and region:

Segments Covered in this report are:

• Type Outlook (Revenue, USD Million; 2018–2028)
• Belt Drive
• Direct Drive
• Idler Wheel
• DJ

• Cartridges Outlook (Revenue, USD Million; 2018–2028)
• Moving Magnet
• Moving Coil

• Application Outlook (Revenue, USD Million; 2018–2028)
• Residential 
• Music Composition
• Music Clubs and Bars
• Concerts
• Others

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Regional Landscape section of the Turntable report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

• 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)

Key reasons to buy the Global Turntable Market report:

1. The latest report comprehensively studies the global Turntable market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
2. The report offers an insightful analysis of the regional outlook of the market.
3. It offers a detailed account of the end-use applications of the products services offered by this industry.
4. The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.

In conclusion, the Turntable Market report is an exhaustive database that will help readers formulate lucrative strategies. The Turntable Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.

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