The global turntable market size is expected to reach USD 508.3 million in 2028 at a CAGR of 4.4% during the forecast period, according to the latest report by Emergen Research.
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.
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.
The study not only scans through the company profile of the major vendors but also analyses their winning strategies to give business owners, stakeholders and field marketing personnel a competitive edge over others operating in the same space. A detailed evaluation of the major events such as acquisition and mergers, collaborations, product launches, new entrants, and technology advancements offer a complete overview of what the future of the Turntable market will be like in the years to come.
Read more@ https://www.emergenresearch.com/industry-report/turntable-market
Some Key Highlights in the Report:
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.
Key companies in the market include Sound United, LLC, inMusic, Inc., Clear Audio Electronic GmBH, Panasonic Corporation, Thorens, Pro-Ject Audio Systems, Audio-Technica Corporation, TEAC Corporation, Sony Group Corporation, and Crosley Radio.
Based on the in-depth analysis the research also brings to light major facts pertaining to the vital aspects such as market share, size, and growth rate. Deep dive into other aspects including the investment feasibility, demand and supply, import and export status, supply chain management and growth prospects narrates a lot about what the business environment will be like for the forecast period,2020 – 2028. All the vital statistics in the report are explained with the help of resources such as tables, charts, and info graphics.
For the purpose of this report, Emergen Research has segmented the global turntable market on the basis of type, cartridges, application, and region:
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 & Bars
Concerts
Others
Regional Outlook (Revenue, USD Million; 2018-2028)
North America (U.S.A) (Canada) (Mexico)
Europe (U.K.) (Germany) (Italy) (France) (BENELUX) (Rest of Europe)
Asia Pacific (China) (India) (Japan) (South Korea) (Rest of APAC)
Latin America (Brazil) (Rest of LATAM)
Middle East & Africa (Saudi Arabia) (U.A.E.) (South Africa) (Rest of MEA)
Table of Content
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary
1.4.2. Secondary
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021–2028
Chapter 3. Key Insights
Chapter 4. Turntable Market Segmentation & Impact Analysis
4.1. Turntable Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing popularity of DJ music
4.2.2.2. Increasing usage of turntable for hip-hop music creation
4.2.2.3. Growing demand for vinyl records
4.2.2.4. Increasing preference for electronic dance music among millennials
4.2.3. Market restraints analysis
4.2.3.1. Regular maintenance
4.2.3.2. High cost of turntable
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Continue…
