Global Turntable Cartridges Market Size By Type (Moving Magnet Turntable Cartridges (MM) Moving Coil Turntable Cartridges (MC)), By Geographic Scope And Forecast
Global Turntable Cartridges Market Size By Type (Moving Magnet Turntable Cartridges (MM) Moving Coil Turntable Cartridges (MC)), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Turntable Cartridges Market Size By Type (Moving Magnet Turntable Cartridges (MM) Moving Coil Turntable Cartridges (MC)), By Geographic Scope And Forecast
Turntable Cartridges Market Size And Forecast
Turntable Cartridges Market size was valued at USD 611.56 Million in 2021 and is projected to reach USD 988.46 Million by 2030, growing at a CAGR of 5.57% from 2023 to 2030.
The adoption of turntable cartridges has been increasing in recent years, particularly among audiophiles and music enthusiasts. These individuals appreciate the warm, rich sound quality that vinyl records can provide and often seek out high-quality turntable cartridges to enhance their listening experience. The Global Turntable Cartridges 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.
Turntable Cartridges Market Definition
A turntable cartridge is a small device that contains a stylus or needle and a magnet, which work together to convert the vibrations of a record’s grooves into an electrical signal that can be amplified and played through speakers. There are two main types of turntable cartridgesmoving magnet (MM) and moving coil (MC).
Moving magnet cartridges are the most common type and are generally less expensive than moving coil cartridges. They work by using a magnet that is attached to the end of the cantilever (the part that holds the stylus) to generate an electrical signal as the stylus moves through the record’s grooves.Moving coil cartridges, on the other hand, use a coil of wire instead of a magnet to generate the electrical signal. These cartridges are generally considered to be higher quality than moving magnet cartridges, but they are also more expensive.
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Global Turntable Cartridges Market Overview
The adoption of turntable cartridges has been increasing in recent years, particularly among audiophiles and music enthusiasts. These individuals appreciate the warm, rich sound quality that vinyl records can provide and often seek out high-quality turntable cartridges to enhance their listening experience.
While digital music formats such as CDs and streaming services have become more popular over the past few decades, vinyl records have experienced a resurgence in popularity. Vinyl records offer a unique and authentic listening experience that cannot be replicated with digital music formats, and this has led to a growing appreciation of the warm, rich sound quality that vinyl can provide. As a result, many people are turning to turntables and cartridges as a way to enjoy their favorite music in a more immersive and engaging way. Vinyl records have seen a resurgence in popularity in North America over the past decade. In 2021, vinyl sales in the United States reached a total of 27.5 million units, according to the Recording Industry Association of America (RIAA). This marked a 94% increase in vinyl sales compared to 2016. The increase in vinyl sales can be attributed to a variety of factors, including nostalgia for the medium, the perceived higher sound quality compared to digital formats, and the tangible nature of physical media.
Additionally, the growing popularity of vinyl has led to an increase in the availability of turntables and turntable accessories, making it easier for people to get started with vinyl playback. In addition, many manufacturers have been introducing new and improved turntable cartridges with advanced features such as improved tracking and reduced distortion. This has made it easier for people to upgrade their existing turntable cartridges or purchase new ones that are designed to deliver even better sound quality.
Global Turntable Cartridges MarketSegmentation Analysis
The Global Turntable Cartridges Market is segmented on the basis of Type and Geography.
Turntable Cartridges Market, By Type
Moving Magnet Turntable Cartridges (MM)
Moving Coil Turntable Cartridges (MC)
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Moving Magnet Turntable Cartridges (MM) accounted for the largest market share in 2021. Moving magnet cartridges (MM) are the most common type of cartridge and are often found on entry-level and mid-range turntables. They have a magnet that moves in response to the grooves of the record and induces an electrical signal in the coils. MM cartridges have a high output voltage, which makes them easier to amplify, and are generally more affordable than moving coil cartridges.
Turntable Cartridges Market, By Geography
Asia-Pacific
North America
Europe
Latin America
Middle East and Africa
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The adoption of stereo turntable cartridges in North America and Europe is some, of the growing interest in vinyl records, the retro aesthetic of turntables, and the unique listening experience they offer. According to a report by the International Federation of the Phonographic Industry (IFPI), vinyl sales in Europe reached 23.8 million units in 2020, a 23.5% increase compared to the previous year. There are several factors driving the adoption of stereo turntables cartridges. One of the main reasons is the growing interest in vinyl records, which many music fans see as a more authentic and immersive listening experience compared to digital formats.
Key Players
The major players in the market are Audio-Technica, Benz Micro, Clearaudio, Goldring, Grado, Koetsu, My Sonic Lab, Nagaoka, Ortofon, Rega, and Sumiko. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2018-2030
BASE YEAR
2021
FORECAST PERIOD
2023-2030
HISTORICAL PERIOD
2018-2020
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
Audio-Technica, Benz Micro, Clearaudio, Goldring, Grado, Koetsu, My Sonic Lab, Nagaoka, Ortofon, Rega, and Sumiko.
SEGMENTS COVERED
Type and Geography.
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• 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 from 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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