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Press release content from Business Wire. The AP news staff was not involved in its creation.

Vinyl Records Market in Europe to Grow by $ 91.94 Million During 2020-2024 | Featuring Deepgrooves BV, Edel SE & Co. KGaA, and Europress Vinyl Srl among others | Technavio

December 15, 2020 GMT

LONDON--(BUSINESS WIRE)--Dec 15, 2020--

Technavio estimates the vinyl records market in Europe to grow by USD 91.94 million, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Vinyl Records Market in Europe 2020-2024 (Graphic: Business Wire)

The market is driven by the aesthetic appeal of vinyl records. However, the increasing price of vinyl records might challenge growth.

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Vinyl Records Market in Europe: Product Landscape

Based on the product, the market saw maximum growth in the LP/EP vinyl records segment in 2019. The segment will continue to offer several growth opportunities for market vendors over the forecast period.

Vinyl Records Market in Europe: Geography Landscape

41% of the market’s growth originated from the UK in 2019. The increasing number of new vinyl album releases is one of the major factors fueling the growth of the vinyl records market in the UK.

The UK, Germany, The Netherlands, Italy, and Poland are the key markets for vinyl records in Europe. Market growth in the UK will be slower than the growth of the market in Germany.

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Major Three Vinyl records Market Vendors in Europe:

Deepgrooves BV

Deepgrooves BV operates its business through the Unified segment. The company offers eco-friendly vinyl based on calcium zinc.

Edel SE & Co. KGaA

Edel SE & Co. KGaA operates its business through the Unified segment. The company offers full-service printing plant, bindery and pressing plant for manufacturing vinyl records under its subsidiary, optimal media GmbH.

Europress Vinyl Srl

Europress Vinyl Srl operates its business through the Unified segment. The company offers service for the production of the LP vinyl and cover artwork.

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Related Reports on Consumer Discretionary Include:

Global Electronic Musical Instruments Market – Global electronic musical instruments market is segmented by geography (APAC, Europe, MEA, North America, and South America) and product (electric pianos and keyboards, string instruments, drums, and percussion instruments, and others). Get a free sample report to know more

Global Music and Video Market – Global music and video market is segmented by type (video and music), platform (digital and physical), and geography (APAC, Europe, MEA, North America, and South America). Get a free sample report to know more

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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What our reports offer:

  • Market share assessments for the regional and country-level segments
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  • Covers market data for 2019, 2020, until 2024
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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

View source version on businesswire.com:https://www.businesswire.com/news/home/20201215005156/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200





SOURCE: Technavio Research

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PUB: 12/15/2020 03:00 AM/DISC: 12/15/2020 03:00 AM