Industry Background:
The turntable is a circular surface on a record player. It is used as a device for playing sound recordings. The turntable market is growing owing to growing popularity among millennials and increasing adoption among music lovers. Moreover, the growing online distribution channels for turntables and increasing demand for premium turntables expected to drive the product demand during the forecasted period.
This growth is primarily driven by Growing Popularity among Millennials and Increasing Adoption among Music Lovers.
Globally, a noticeable market trend is evident Increasing Demand for Vintage Turntables
. Major Vendors, such as Crosley Radio (United States), Audio-Technica Corporation (Japan), Denon (Japan), Thorens (Switzerland), Rega (United Kingdom), Sony Corporation (Japan), VPI Industries (United States), JR Transrotor (Germany) and Gibson Guitar Corporation (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
1st August 2019, Audio-Technica has introduced an all-new product lineup of turntables at CES 2019 in order to expand their product portfolio in the turntable market.
Market Drivers
- Growing Popularity among Millennials
- Increasing Adoption among Music Lovers
Market Trend
- Increasing Demand for Vintage Turntables
- Growing Focus on Promotional Activities such as Record Store Day
Restraints
Opportunities
Growing Online Distribution Channel for Turntables and Growing Demand for Premium Turntables
Challenges
Reduce Vibration of the Turntables As Much As Possible
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Turntables Study Sheds Light on
The Turntables Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Turntables industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Turntables industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.