Vinyl Records Market is to grow at a 9 % CAGR, with the United States leading the market through 2032

The Vinyl Records Market (BPO) will reach USD 13.44 Mn by 2032. The Vinyl Records Market is driven by nostalgia and retro appeal and increased interest in collectibles.

Vinyl Records Market to Hit USD 13.44 Mn by 2032         

The Vinyl Records Market was USD 6.74 Mn in 2024 and is expected to expand at a CAGR of 9% from 2025 to 2032, reaching USD 13.44 Mn by 2032. In February 2025, John Lewis collaborated with indie retailer Rough Trade to offer a curated selection of vinyl records. This move reflects the increasing sales reaching 6.7 million units in the UK in 2024. WHSmith resumed selling vinyl records in more than 80 UK outlets after a 30-year absence. In December 2024, Vinyl sales surpassed both CDs and streaming in revenue, with projections suggesting that vinyl sales earn $1 billion for record companies by the end of the year.

Vinyl records evoke a sense of nostalgia for older generations who grew up with them, while the nostalgic charm is being appreciated by newer listeners who appreciate the vintage appeal. Vinyl continues to be in high demand among audiophiles due to its excellent ability to recreate the whole gamut of sound frequencies. Vinyl is closely associated with genres such as jazz, rock, techno, and hip-hop, which has contributed to the survival and expansion of these sectors. Events like Record Store Day help the vinyl business expand by promoting limited edition releases and unique occasions that attract new consumers to the format. In 2024, the United States’ vinyl made for around 23% of all physical music sales.

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Vinyl Records Market Segmentation

By Product: Long Play (LP) Records typically hold multiple tracks that may play for 30 to 60 minutes, usually consisting of 10 to 15 songs. The market for vinyl sales is dominated by LPs, which have steadily gained popularity, particularly in the last 10 years, as vinyl has become more mainstream. Single Play (SP) Records are generally 7-inch vinyl LPs with one or two tracks (A-side and B-side) on them. SP recordings continue to have a niche in the market, particularly in pop, rock, and independent music genres.

By Sales Channel: Offline Sales Channels allow consumers to examine the physical state of records. In 2024, vinyl sales were still influenced by offline channels or actual stores. Online Sales channels are growing faster than offline sales. Vinyl records are sold online via major e-commerce sites like Amazon, eBay, Discogs, and niche vinyl websites.

Vinyl Records Market Regional Analysis

United States: The vinyl records market in the US is valued at $2.18 billion in 2024 and is expected to grow to $4.52 billion by 2032, with a CAGR of 9.57%. United Record Pressing, the largest vinyl manufacturer in the U.S., produces up to 80,000 records every day to satisfy the increasing demand. In 2023, 49.6 million vinyl records were sold in the US. United Record Pressing (URP), Record Industry, and GZ Media are the key players dominating the US vinyl record market.  

Germany: In 2023, vinyl records accounted for 6% of the total music industry in Germany, amounting to approximately €124 million. Germany sold 21.9 million physical audio recordings in 2023, including CDs, vinyl LPs, and other forms. Online sales accounted for 80.3% of Germany’s music sales in 2022, with tangible forms, such as vinyl, accounting for 19.7%.

China: The music performance sector in China had a resurgence in 2023, with sales of 26.4 billion yuan, a notable rise over prior years. The Herfindahl-Hirschman Index (HHI) for the vinyl record market in China was 2759 as of 2023, which indicates a fairly concentrated market as opposed to 2311 in 2017. The vinyl record player search-to-transaction indices on Alibaba’s Tmall platform grew by 11% month over month from July to November 2023, from 31,843 to 46,192.

Vinyl Records Market Competitive Landscape

Optimal Media: In 2023, George Rogers joined Optimal and contributed a wealth of agency expertise to help the company’s expansion plan. The majority stake of DSPolitical, a digital advertising company that specializes in political and public affairs campaigns, was acquired by Optimad Media.

GZ Media: Thomson Litho was acquired by GZ Digital Media, a division of GZ Media. GZ Media acquired the controlling stake in the internationally renowned and award-winning bookmaker PBtisk Příbram.

Recent Developments:

• Handytraxx Play and Handytraxx Tube feature built-in effects like superior sound components and intuitive designs, which improve the vinyl listening experience for both pros and casual listeners.
• Rough Trade has released unique vinyl versions of popular albums, such as SOPHIE’s self-titled album on silver vinyl and her remix album on red vinyl.

Conclusion

• Technological advancements like High-quality portable turntables and lathe-cut vinyl are providing vinyl fans with novel and distinctive experiences.
• Audiophiles keep enjoying vinyl’s deep, tactile sound, which provides a more genuine and complex listening experience than digital alternatives.

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