Turntable Market Investment Opportunities & Trend Analysis Report to 2028
The global turntable market size reached USD 361.6 Million in 2020 and is expected to register a CAGR of 4.4% during the forecast period. The trend and popularity of having a DJ in the house playing live music is expected to continue to drive global turntable market revenue growth. Electronic Dance Music (EDM) has been around for a while, but has been gaining traction among a steadily and massively increasing fan base. In addition, the trend has been gaining traction among an increasing number of newer individuals and DJs, and many among these are in their teens. Ability to purchase turntables is based on capacity to spend and a number of DJs prefer to rent equipment for shows, either live shows, recordings for events, or for music vlogs. Turntables have also evolved considerably since the advent of the record player. Availability of high-quality beats and samples and rising fan following of EDM genre among young musicians are other factors supporting market growth. Various unknown musicians have risen and launched their careers in this genre. This clearly indicates that EDM is no longer considered underground or a fad, but has entered the mainstream, which is expected to continue to increase demand for turntables.
The researcher also discusses the recent trends and developments including joint ventures, collaborations, investments, product launches and acquisitions and mergers constitute a substantial part of the research on the Turntable market for the forecast period from 2020 to 2027. The report will empower companies to understand the opportunities, adapt to their consumer demands, needs, and concentrate on their best end-users.
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Key Players operating in the industry are:
Sound United, LLC, inMusic Inc., Clear Audio Electronic GmbH, Panasonic Corporation, Thorens, Pro-Ject Audio Systems, Audio-Technica Corporation, TEAC Corporation, Sony Group Corporation, Crosley Radio
Radical Features of the Turntable Market Report:
- The report encompasses Turntable market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
- An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
- Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
- Supply chain analysis along with technological advancements offered in the report
- The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Turntable industry
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Segmentation:
-
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 and Bars
- Concerts
- Others
Regional Analysis Covers:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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