Vinyl Record Market Report 2024 (Global Edition)

Global Vinyl Record Market Report 2024 Market Size Split by Product (LP/EP Vinyl Records, Single Vinyl Records), by Feature (Colored, Gatefold, Picture), by Gender (Men, Women), by Age Group (13-17, 1...

Vinyl Record Market Report Description

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Vinyl Record Market Insights Video

Competitive Landscape of the Vinyl Record Market

The competitive landscape of the vinyl record market is characterized by a mix of established record labels, independent artists, and niche manufacturers. Major players include Universal Music Group, Sony Music Entertainment, and Warner Music Group, which dominate through extensive catalogs and distribution networks. Independent labels like Third Man Records and Vinyl Me, Please have carved out unique positions by focusing on limited editions and exclusive releases, appealing to collectors. The rise of online platform, such as Bandcamp and Discogs, has also transformed how consumers discover and purchase vinyl records. Additionally, boutique pressings and custom vinyl providers are gaining traction, driven by consumer demand for unique, personalized music experiences. This vibrant ecosystem fosters innovation and diversity within the market.

Top Companies Market Share in Vinyl Record Industry: (In no particular order of Rank)

• Sound Performance USA
• Microforum Vinyl
• Burlington Record Plant
• Rainbo Records
• Sony Music Entertainment
• SunPress Vinyl
• Fly Vintage & Vinyl
• Fidelity Record Pressing
• VNYL
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Vinyl Record Market

Which Region Dominates the Vinyl Record Market in 2024?

According to Cognitive Market Research, North America leads the vinyl record market, driven by a resurgence in vinyl popularity among music enthusiasts and collectors. The United States, in particular, showcases a robust demand for both new releases and reissues of classic albums. Major retail chains and online platform significantly contribute to this growth, enhancing accessibility for consumers. The region's vibrant music culture, coupled with the trend of experiential purchasing, has further solidified vinyl's place in the market. Furthermore, significant investments in pressing plants and a growing community of independent labels amplify the appeal of vinyl records, making North America a key player in the global landscape.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is experiencing the fastest growth in the vinyl record market, driven by increasing consumer interest in retro music formats and a burgeoning youth culture embracing vinyl. Countries like Japan and China are witnessing a notable revival in vinyl sales, supported by a growing number of independent record stores and online platform. The region's expanding middle class, coupled with rising disposable incomes, enhances consumer spending on music collectibles. Collaborations between international labels and local artists have also contributed to this trend, making vinyl more accessible. The enthusiasm for vinyl records in Asia-Pacific is indicative of a broader cultural shift towards analog formats, further fueling market expansion.

The current report Scope analyzes Vinyl Record Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Vinyl Record

According to Cognitive Market Research, the global Vinyl Record market size was estimated at USD 2254.2 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 901.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.8% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Vinyl Record market with a market size of USD 711.43 million in 2024 and is projected to grow at a CAGR of 8.6% during the forecast period. A strong revival of interest in vinyl among younger consumers and collectors drives market growth.
• The Canada Vinyl Record market had a market share of USD 108.20 million in 2024 and is projected to grow at a CAGR of 9.6% during the forecast period. Increasing appreciation for music authenticity and a growing independent music scene stimulate vinyl sales.
• The Mexico Vinyl Record market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 82.05 million in 2024.

Europe Vinyl Record

According to Cognitive Market Research, the global Vinyl Record market size was estimated at USD 2254.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 676.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2031.

• The United Kingdom Vinyl Record market had a market share of USD 113.61 million in 2024 and is projected to grow at a CAGR of 9.9% during the forecast period. A rich musical heritage combined with the resurgence of vinyl culture fuels demand among diverse age groups.
• The France Vinyl Record market is projected to witness growth at a CAGR of 8.3% during the forecast period, with a market size of USD 62.22 million in 2024.
• According to Cognitive Market Research, the German Vinyl Record market size was valued at USD 133.90 million in 2024 and is projected to grow at a CAGR of 9.3% during the forecast period. A vibrant music community and a preference for high-quality audio formats contribute to the vinyl market's expansion.
• The Italy Vinyl Record market is projected to witness growth at a CAGR of 8.5% during the forecast period, with a market size of USD 58.16 million in 2024.
• The Russia Vinyl Record market is projected to witness growth at a CAGR of 8.1% during the forecast period, with a market size of USD 104.82 million in 2024.
• The Spain Vinyl Record market is projected to witness growth at a CAGR of 8.2% during the forecast period with a market size of USD 55.45 million in 2024
• The Luxembourg Vinyl Record market is projected to witness growth at a CAGR of 9.2% during the forecast period, with a market size of USD 20.96 million in 2024.
• The Portugal Vinyl Record market is projected to witness growth at a CAGR of 8.9% during the forecast period, with a market size of USD 14.20 million in 2024.
• The Greece Vinyl Record market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 8.12 million in 2024.
• The Rest of Europe's Vinyl Record market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 104.82 million in 2024.

Asia Pacific Vinyl Record

According to Cognitive Market Research, the global Vinyl Record market size was estimated at USD 2254.2 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 518.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.

• According to Cognitive Market Research, the China Vinyl Record market size was valued at USD 233.31 million in 2024 and is projected to grow at a CAGR of 12.1% during the forecast period. Rising disposable incomes and a growing middle class are fostering a newfound interest in vinyl records.
• The Japan Vinyl Record market is projected to witness growth at a CAGR of 11.1% during the forecast period, with a market size of USD 71.55 million in 2024.
• The India Vinyl Record market had a market share of USD 62.22 million in 2024 and is projected to grow at a CAGR of 14.4% during the forecast period. In India, A younger demographic's fascination with music nostalgia and unique collectibles boosts vinyl sales.
• The South Korean Vinyl Record market is projected to witness growth at a CAGR of 11.7% during the forecast period, with a market size of USD 51.85 million in 2024.
• The Australian Vinyl Record market is projected to witness growth at a CAGR of 12.3% during the forecast period, with a market size of USD 26.96 million in 2024.
• The South East Asia Vinyl Record market is projected to witness growth at a CAGR of 13.6% during the forecast period, with a market size of USD 35.77 million in 2024.
• The Rest of Asia Pacific Vinyl Record market is projected to witness growth at a CAGR of 12.4% during the forecast period, with a market size of USD 36.81 million in 2024.

South America Vinyl Record

According to Cognitive Market Research, the global Vinyl Record market size was estimated at USD 2254.2 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 112.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.0% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Vinyl Record market size was valued at USD 48.24 million in 2024 and is projected to grow at a CAGR of 10.6% during the forecast period. An emerging music culture and increasing access to vinyl through independent retailers enhance market growth.
• Argentina's Vinyl Record market had a market share of USD 18.94 million in 2024 and is projected to grow at a CAGR of 10.9% during the forecast period. A blend of local music appreciation and a young consumer base drives the revival of vinyl records.
• Colombia Vinyl Record market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 10.03 million in 2024.
• Peru Vinyl Record market is projected to witness growth at a CAGR of 10.2% during the forecast period, with a market size of USD 9.24 million in 2024.
• Chile Vinyl Record market is projected to witness growth at a CAGR of 10.3% during the forecast period, with a market size of USD 8.12 million in 2024.
• The Rest of Latin America's Vinyl Record market is projected to witness growth at a CAGR of 9.1% during the forecast period, with a market size of USD 18.15 million in 2024.

Middle East and Africa Vinyl Record

According to Cognitive Market Research, the global Vinyl Record market size was estimated at USD 2254.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 45.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 10.3% from 2024 to 2031..

• The GCC Countries Vinyl Record market is projected to witness growth at a CAGR of 11.1% during the forecast period, with a market size of USD 19.30 million in 2024. Increasing cultural events and music festivals are promoting the vinyl record market among a youthful audience.
• The Egypt Vinyl Record market is projected to witness growth at a CAGR of 10.6% during the forecast period, with a market size of USD 4.73 million in 2024.
• The South Africa Vinyl Record market is projected to witness growth at a CAGR of 11.3% during the forecast period, with a market size of USD 7.12 million in 2024. A growing interest in vinyl as a nostalgic format and vibrant local music scenes are fueling market growth.
• The Turkey Vinyl Record market is projected to witness growth at a CAGR of 9.8% during the forecast period, with a market size of USD 3.88 million in 2024.
• The Nigeria Vinyl Record market is projected to witness growth at a CAGR of 9.4% during the forecast period, with a market size of USD 4.73 million in 2024.
• The Rest of the MEA Vinyl Record market is projected to witness growth at a CAGR of 9.3% during the forecast period, with a market size of USD 5.32 million in 2024.

Vinyl Record Market Analysis

Vinyl Record Market Feature Segment Analysis

According to Cognitive Market Research, The LP/EP vinyl records segment stands as the cornerstone of the vinyl record market, commanding a significant share due to their enduring popularity among audiophiles and collectors. These formats offer an immersive listening experience characterized by superior sound quality and robust packaging. With an extensive catalog encompassing various genres, LPs and EPs appeal to both nostalgic consumers and new enthusiasts. Their resurgence can be attributed to the revival of analog sound in an increasingly digital landscape. Retailers and manufacturers are capitalizing on this trend by releasing special editions and remastered versions, further solidifying LP/EP records' dominance. This segment remains pivotal, reflecting a profound appreciation for the artistry and tangible nature of music in a predominantly digital era.

Colored vinyl records have emerged as the fastest-growing segment in the vinyl record market, captivating consumers with their aesthetic appeal and collectible nature. This trend is particularly pronounced among younger demographics who seek distinctive and visually engaging products. The vibrant hues not only enhance the listening experience but also serve as artistic statements that resonate with contemporary cultural movements. Retailers are increasingly offering exclusive colored releases, leveraging limited editions to create a sense of urgency and desirability. Collaborations between artists and brands further amplify this segment's growth, introducing innovative designs and packaging. The demand for colored vinyl is anticipated to accelerate, driven by the intersection of music and art, making it a focal point for both consumers and producers alike.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Vinyl Record Industry. Request a Free Sample PDF!

Vinyl Record Market Product Segment Analysis

According to Cognitive Market Research, The colored vinyl records segment has emerged as the largest category within the vinyl record market, captivating collectors and enthusiasts alike. This distinctive offering enhances aesthetic appeal and distinguishes products in an increasingly crowded marketplace. Colored vinyl often features vibrant hues and unique patterns, making each record a visual masterpiece that attracts attention. Limited editions and exclusive releases have further fueled consumer demand, with collectors eager to own rare and visually striking pieces. The resurgence of vinyl culture has fostered a community that values individuality, encouraging artists and labels to experiment with colors and designs. This trend aligns with a broader desire for personalization and uniqueness in consumer products, solidifying colored vinyl records as the dominant segment.

Picture vinyl records represent the fastest-growing segment within the vinyl record market, driven by a surge in consumer interest for visually captivating music formats. Featuring artwork embedded directly into the vinyl, these records transform audio products into collectible art pieces, appealing to a demographic that appreciates both music and visual design. The combination of auditory and visual stimulation enhances the overall experience, making picture vinyl particularly popular among younger audiences and collectors. Marketing strategies focusing on limited releases and collaborations with artists further amplify their allure, leading to increased sales. As the trend towards experiential consumption grows, picture vinyl records are expected to expand rapidly, reflecting an evolving consumer preference for unique and multifaceted music experiences.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Vinyl Record Gender Segment Analysis

Vinyl Record Market Gender Segment Analysis

According to Cognitive Market Research, The colored vinyl records segment has emerged as the largest category within the vinyl record market, captivating collectors and enthusiasts alike. This distinctive offering enhances aesthetic appeal and distinguishes products in an increasingly crowded marketplace. Colored vinyl often features vibrant hues and unique patterns, making each record a visual masterpiece that attracts attention. Limited editions and exclusive releases have further fueled consumer demand, with collectors eager to own rare and visually striking pieces. The resurgence of vinyl culture has fostered a community that values individuality, encouraging artists and labels to experiment with colors and designs. This trend aligns with a broader desire for personalization and uniqueness in consumer products, solidifying colored vinyl records as the dominant segment.

Picture vinyl records represent the fastest-growing segment within the vinyl record market, driven by a surge in consumer interest for visually captivating music formats. Featuring artwork embedded directly into the vinyl, these records transform audio products into collectible art pieces, appealing to a demographic that appreciates both music and visual design. The combination of auditory and visual stimulation enhances the overall experience, making picture vinyl particularly popular among younger audiences and collectors. Marketing strategies focusing on limited releases and collaborations with artists further amplify their allure, leading to increased sales. As the trend towards experiential consumption grows, picture vinyl records are expected to expand rapidly, reflecting an evolving consumer preference for unique and multifaceted music experiences.

• Men
• Women

Vinyl Record Age Group Segment Analysis

Vinyl Record Market Age Group Segment Analysis

According to Cognitive Market Research, The 26-35 age group represents the most substantial segment of the vinyl record market, driven by a nostalgic resurgence of interest in analog formats. This demographic exhibits a strong affinity for collecting records, often influenced by the retro aesthetic and the tactile experience vinyl offers. Many individuals in this age bracket grew up during the vinyl revival of the early 2000s, which cultivated a deep appreciation for physical media and its cultural significance. Their purchasing behavior is characterized by a preference for both classic albums and new releases, reflecting an eclectic taste that spans genres. This segment frequently engages with social media platforms, sharing their collections and experiences, thus amplifying their influence on market trends and demand.

The 18-25 age group is rapidly emerging as the fastest-growing segment in the vinyl record market, propelled by a strong cultural shift toward authenticity and nostalgia. Young consumers in this demographic are increasingly drawn to vinyl for its tangible qualities and the unique listening experience it offers. The trend is further bolstered by social media, where platform like Instagram and TikTok amplify the allure of vinyl culture, showcasing aesthetically pleasing collections and vintage finds. Many within this age range prioritize individuality and self-expression, often seeking out limited edition releases and unique artwork. As this segment continues to grow, it signifies a promising future for the vinyl record market, highlighting a renewed appreciation for music as an art form.

• 13-17
• 18-25
• 26-35
• 36-50
• Above 50

Vinyl Record Distribution Channel Segment Analysis

Vinyl Record Market Distribution Channel Segment Analysis

According to Cognitive Market Research, Supermarkets and hypermarkets represent the largest distribution channel segment in the vinyl record market. Their expansive reach and established consumer base facilitate significant sales volumes, making them pivotal in the retail landscape. These large-format stores leverage their vast floor space to showcase vinyl records, often integrating them into lifestyle sections that appeal to diverse demographics. Strategic collaborations with record labels and promotional events further enhance visibility and drive consumer interest. The convenience of purchasing vinyl alongside everyday items fosters impulse buying, effectively capturing a broader audience. This channel's dominance is underscored by its ability to offer competitive pricing and frequent discounts, solidifying its position as a primary destination for vinyl enthusiasts and casual buyers alike.

Online stores are experiencing rapid growth in the vinyl record market, driven by shifting consumer preferences towards digital shopping. The convenience and accessibility of e-commerce platforms cater to a global audience, allowing consumers to explore an extensive range of titles and exclusive releases unavailable in traditional retail settings. The ability to easily compare prices and access customer reviews enhances the online shopping experience, empowering informed purchasing decisions. Additionally, the rise of niche marketplaces and social media platforms enables independent artists and labels to directly reach consumers, bypassing conventional distribution hurdles. As digital marketing strategies evolve, online stores will likely continue to capture market share, positioning themselves as indispensable players in the dynamic landscape of vinyl record retail.

• Supermarkets and Hypermarkets
• Independent Retailers
• Online Stores
• Others

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

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I am a research analyst working in the Transport & Logistics domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

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