A Global Turntable Market Research Report from Emergen Research has been formulated by analyzing key business details and an extensive geographic spread of the Turntable industry, encompassing key business details and extensive geographical coverage. In addition to providing crucial statistical data about the Turntable market, this study covers qualitative and quantitative aspects of the Turntable market. A comprehensive analysis of established and emerging players in the market is summarized in the report. The report also covers the business overview, the product portfolio, and the strategic alliances and expansion strategies of the companies.
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.
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Due to movement restrictions and lockdowns due to the current COVID-19 pandemic, the growth of the Turntable industry is expected to be negatively affected. In addition to the impact of the COVID-19 pandemic on numerous global markets, the Turntable industry is expected to feel the effect as well. The slowdown in economic growth and dynamic changes in demand will further affect industry growth. The report covers the impact analysis of the COVID-19 pandemic on the overall Turntable industry.
Radical Highlights of the Turntable Market Report:
- Comprehensive overview of the Turntable market along with analysis of the changing dynamics of the market
- Growth Assessment of various market segments throughout the forecast period
- Regional and global analysis of the market players, including their market share and global position
- Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
- Impact of the technological developments and RD advancements on the Turntable market
- Information about profit-making strategies and developmental strategies of major companies and manufacturers
- Insightful information for the new entrants willing to enter the market
- Details and insights about business expansion strategies, product launches, and other collaborations
- The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Turntable market expected to boost the growth of the industry in the coming years.
Turntable Market 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
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The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Turntable market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.
Key Companies Profiled in the Report 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
Regional Landscape section of the Turntable report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- 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)
Additional information offered by the report:
- Along with a complete overview of the global Turntable market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
- The report elaborates on the global Turntable market size and share governed by the major geographies.
- It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
- It further presents a detailed description of the company profiles of the key market contenders.
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Highlights of Table of Contents (TOC):
- Overview of Global Turntable Market
- Competitive analysis of the Turntable market
- Regional analysis of Global Turntable market production and revenue
- Regional analysis of Global Turntable market supply, consumption, and export import
- Type-based market analysis of global Turntable production, revenue, and price trends
- Application-based analysis of the global Turntable market
- Manufacturer profiles, manufacturing cost, and upstream and downstream analysis of global Turntable market
- Conclusion of the research report
- Appendix
Thank you for reading our report. Please get in touch with us if you have any query regarding the report or its customization. Our team will ensure the report is best suited to your needs.
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