Global Turntables Market Size By Type(Direct-drive turntables, Belt-drive Turntable), By Application(Home Entertainment, Bar and Music Club and Music Production), By Geographic Scope And Forecast

Turntables Market Size And Forecast

Turntables Market size was valued at USD 427 Million in 2023 and is projected to reach USD 607.6 Million by 2030, growing at a CAGR of 27.3% from 2024 to 2030.

One of the main drivers of turntable demand is the growing popularity of vinyl records and live performances, which is expected to fuel the market for turntables. Young millennials’ increasing fondness for electronic dance music is predicted to lead to an increase in DJs worldwide, which is predicted to boost the turntables industry. The Global Turntables Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Turntables Market Definition

Think of a turntable – you might also call it a phonograph – as a spinning stage for your records. It's got a platter that goes 'round and 'round, powered by a motor to keep things nice and steady, so you can play those sweet tunes etched into your vinyl (or phonograph record, if you're feeling fancy). That sound? It's all thanks to how the vibrations from the record are turned into something your ears can enjoy. Two common ways to do this are with belt drive and direct drive setups. With a belt drive, the motor spins an elastic belt that then turns the platter. And sitting beneath that platter? A bearing, which allows it to move smoothly while keeping the motor vibrations from messing with the sound! Pretty cool, right?

The platter is physically attached to the motor and rotates through a turntable with direct drive. Turntables with direct campaigns enable more precise and consistent speed delivery. Belt drive technology is used in many high-end turntables because it offers higher sound quality and reduces motor noise distortion. Direct drive turntables, however, are typically thought to be robust and provide quicker startup times and more substantial torque.

Global Turntables Market Overview

A consistent growth rate for the worldwide turntables market is anticipated in the not-too-distant future. In the age of digital music, vinyl records provide an unmatched visual appeal. One of the leading causes of the rise in turntable demand is the pleasure that vinyl records give music listeners. Many music fans believe that turntable music produces high-quality sounds. Turntables also have an artistic quality that is both contemporary and traditional. The turntable market is projected to be driven by rising demand for vinyl recordings and live performances.

Young millennials’ increasing fondness for electronic dance music is predicted to lead to an increase in DJs all around the globe, which is anticipated to boost the turntables industry. Additionally, marketing campaigns like Record Store Day are expected to increase turntable sales. On Record Store Day, thousands of independent record shops come together to sell, acquire, and advertise turntables and vinyl records. Such occasions also contribute to the market for turntables expanding. Since their extended lifespan, turntables last for a very long time after being accepted. This limits the need for turntables’ expansion.

The comeback of vinyl records and vintage turntables is one of the most recent developments in the worldwide turntables market. A new generation is gravitating toward traditional musical styles. Although tablets and cell phones are now the latest music fads, vinyl’s retro appeal is gaining popularity. The popularity of classic turntables and vinyl records is increasing thanks to young millennials.

Global Turntables MarketSegmentation Analysis

The Global Turntables Market is segmented based on Type, Application, and Geography.

Turntables Market, By Type

• Direct-drive Turntable• Belt-drive Turntable• Idler-wheel Turntable

Based on the Type, the Global market is segmented into Direct-drive turntables, Belt-drive Turntable, and Idler-wheel Turntable. The Direct-drive Turntable segment accounted for the highest market share during the forecast period, and it is expected to continue during the projected period. It is a dependable direct drive turntable. Won’t experience belt deterioration, and the sound quality will remain constant. Their short start-up time is a nice feature for someone who uses their player frequently, and their robust design ensures an intelligent investment.

Turntables Market, By Application

• Home Entertainment• Bar and Music Club• Music Production

Based on Application, the Global market is segmented into Home Entertainment, Bar and Music Club and Music Production. The Music Production segment accounted for the highest market share during the forecast period and is expected to continue during the projected period.

Turntables Market, By Geography

• North America• Europe• Asia Pacific• Rest of the world

So, when you look at where in the world turntables are popular, you see North America, Europe, Asia Pacific, and "the Rest of the World." Interestingly, North America is really leading the charge. They held the biggest piece of the market and are expected to keep it that way! Why? Well, they've got tons of phonographs kicking around and a growing army of vinyl record collectors. All this means big opportunities for sellers, and with faster releases of new turntables plus a constant hunger for vinyl, North America's vinyl market is set to really take off.

Key Players

The “Global Turntables Market ” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Pro-ject, Crosley, Audio-Technica, Sony, Teac, Denon, Thorens, Panasonic, Rega, VPI Nomad, JR Transrotor, Stanton, Numark, Music Hall, Ion, Akai, Clearaudio.

The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In September 2022, a vinyl noise reduction system called the Vinyl NRS Box S3 and a device called the Debut PRO S is released. The Debut PRO S joins the original Debut PRO in supporting 33, 45, and 78 RPM records announced by pro-ject.

Report Scope

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Reasons to Purchase this Report

We'll dig into the market using both qualitative and quantitative methods, looking at different segments based on financial and other factors. You'll get market value data (in USD Billion!) for each segment and its sub-segments. We'll also point out which regions and segments are likely to grow the fastest and be the biggest. Expect a breakdown by geography, showing how much of the product/service is used where, and what's influencing the market in each area. We'll cover the competitive scene, ranking the big players and highlighting their recent moves (new products/services, partnerships, expansions, and acquisitions) over the past five years. Our company profiles will be detailed, including overviews, insights, product comparisons, and SWOT analyses for the major companies. We'll give you a look at the present and future of the industry, considering recent events (including growth opportunities, drivers, challenges, and restraints) in both emerging and established regions. We'll also provide a deep dive into the market using Porter's five forces analysis and a value chain analysis to give you different perspectives. Finally, we'll outline the market dynamics and growth potential going forward, plus we offer 6 months of post-sales analyst support to help you get the most out of our insights.

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