Global Turntables Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview

of Global Turntables market:
The latest research study on the global Turntables market finds that the global Turntables market reached a value of USD 323.1 million in 2022. It’s expected that the market will achieve USD 503.99 million by 2028, exhibiting a CAGR of 7.69% during the forecast period.

A turntable is an assembly that includes the platter that spins the record and the tonearm/cartridge that picks up the music that is carved into the record. A turntable needs a separate preamp, amplifier and separate speakers to play records.

Assessment of the Overall Impact of COVID-19 on the Industry
In a specific environment based on the COVID-19 outbreak, the global economy has been severely affected, bringing challenges and opportunities to the development of various industries. The report is based on the impact of COVID-19 and studies the carousel industry from different perspectives such as macroeconomics, industrial chain and regions.

Since the outbreak of the COVID-19 virus in December 2019, the disease has spread to nearly 100 countries around the world, and the World Health Organization declared this a public health emergency. The global impact of the coronavirus disease (COVID-19) has begun to appear and will affect the carousel market in 2020. COVID-19 can affect the global economy in three main ways: directly affecting production and demand, causing supply chain and market disruptions, and financial impact on companies and financial markets. During the popular period, the work, operations, revenue goals and industry development of the carousel industry are all challenges.

The COVID-19 outbreak has affected many areas, such as flight cancellations; travel bans and quarantine; restaurant closures; all indoor/outdoor activities are restricted; more than 40 countries have declared a state of emergency; supply chains have slowed significantly ; Stock market volatility; decline in business confidence, public panic and uncertainty about the future.

First, the sales of marketing channels will be affected differently. The COVID-19 epidemic has reduced offline passenger traffic, and the advantages of e-commerce companies have become increasingly prominent. During the epidemic prevention and control period, some carousel companies encountered great resistance.

The outbreak of the COVID-19 virus has affected the normal operations of the industry. The impact of COVID-19 on the carousel industry will involve all major links and all entities in the industry chain. The company’s management efficiency has declined, commuting has been severely hindered, network expansion has been delayed, marketing has been delayed, brand adjustments have been forced, market sales have fallen, and company and employee income has fallen. Due to the COVID-19 outbreak, the cancellation of live performances, the reduction of parties and entertainment activities will reduce the demand for turntables in the downstream market.

Region Overview:
From 2023-2028, United States is estimated to witness robust growth prospects.

Company Overview:
Denon is one of the major players operating in the Turntables market, holding a share of 12.33% in 2021.

Denon is a Japanese electronics company. Denon designs and manufactures home theater, audio, and software products. The Company offers audio video receivers, bluetooth speakers, sports and travel headphones, and compact systems.

Sony Corporation manufactures audio, home video game consoles, communications, key device, and information technology products for the consumer and professional markets. The Company's other businesses include music, pictures, computer entertainment, and online businesses.

Segmentation Overview:
Among different product types, Mid-Range Turntables segment is anticipated to contribute the largest market share in 2028.

Application Overview:
By application, the Music Production segment occupied the biggest share from 2018 to 2022.

The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Turntables market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.

For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.

As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.

Research Scope
This report provides an overview of the global Turntables market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Turntables and its sub-markets in an intuitive way.

Key Companies in the global Turntables market covered in Chapter 3:
Numark
Panasonic Corporation
Clearaudio turntables
Audio-Technica
JR Transrotor
Crosley
VPI Industries Inc
Sony
Denon
Rega
Music Hall
Thorens
Ion
Stanton

In Chapter 4 and Chapter 14.2, on the basis of types, the Turntables market from 2018 to 2029 is primarily split into:
Basic-Range Turntables
Mid-Range Turntables
Top End Turntables

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Turntables market from 2018 to 2029 covers:
Music Production
Bar and Music Club
Home Entertainment
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)

Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)

Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)

Latin America (Brazil, Mexico, Argentina)

Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)

Key Factors Considered

COVID-19
Amid the COVID-19 crisis, the Turntables market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.

Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.

Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.

Chapter Outline

Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.

Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.

Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.

Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.

Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.

Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.

Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.

Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.

Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.

Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.

Years considered for this report:

Historical Years:

2018-2022

Base Year:

2022

Estimated Year:

2023

Forecast Period:

2023-2029

Frequently Asked Questions