Global Turntables Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Turntables Market By Product, Distribution Channel and Industry: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Turntables Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. North America dominates the Turntables Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
A turntable is the circular rotating platform of a phonograph (a.k.a. record player, gramophone, turntable, etc.), a device for playing sound recordings. It is one of the longest lasting technologies which are still manufactured. The base of a turntable can be made of nearly any material and come in a variety of shapes. The important task is making the whole system run as it holds the motor either a direct drive or through a belt or wheel system which moves the platter, or the spinning surface that the record is placed on. Bases are also the place where manufacturers exhibit the most creative touches, whether it is natural wood or a black lacquered rig. The platter is the next important piece. It is responsible for maintaining a consistent and uninterrupted speed which will play the record. Heavy materials are highly valued in the construction of the platter and the most expensive turntables on the market will often be made of ultra-weighted aluminium. A heavy platter is the key to a rumble-free and steady sound too light, and the record has the potential to rattle around from the speed of the motor. On top of the platter, there is a rubber mat which helps the record stay in place without risking scratches. Growing demand for entertainment and infotainment systems is driving the growth for this market.
Global Turntables market has been segmented majorly on the basis of Product (Belt-drive turntable, Direct-drive turntable, Idler-wheel turntable, Distribution Channel (Direct Sales, & Distributor) & Industry (Bar and music club, Home entertainment, Music production, and others).
In terms of geography, Turntables market is divided into North America, Europe, Asia-Pacific and LAMEA. Of these North America is expected to be the largest market for turntables market followed by Europe. Key players in this market are expending their money for the product innovation, to place it differently in front of the crowd of modern devices for the mechanical recording and reproduction of sound.
Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• What trends, barriers, challenges are influencing its growth?
• Who are the major key players in Global Turntables Market and what are their strategies?
• What segment and region will lead the market and why?
The major companies profiled in the report include: Akai turntables, Audio-Technica, Ion, JR Transrotor, Music Hall, Numark, Panasonic Corporation, Sony, Stanton, and VPI Nomad.
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