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

A turntable usually referred to as a phonograph, is a platform that rotates in a circle and is used to play audio recordings. A motor drives the platter of a turntable at a steady pace. The sound is produced by placing a vinyl record, also known as a phonograph record, on top of the rotating platter. The belt drive and direct drive technologies transform these vibrations into sound. With belt drive technology, the engine is connected to an elastic belt that rotates the platter. The platter is set on the bearing, a component that permits linear movement while keeping the motor isolated.

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

Based on Geography, the Global Turntables Market is segmented into North America, Europe, Asia Pacific, and the Rest of the world. The North American segment accounted for the highest market share during the forecast period and is expected to continue during the projected period. This region has the maximum number of phonographs and a growing variety of vinyl records collectors. This region is anticipated to offer numerous opportunities to sellers, and accelerated releases of the latest turntables and demand for vinyl records are expected to drive the boom of the vinyl record market in the region through the forecast period.

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

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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