The Global Turntables Market Size was Valued at USD 359.98 Million in 2023 and the Worldwide Turntables Market Size is Expected to Reach USD 613.87 Million by 2033, according to a research report published by Spherical Insights & Consulting. Companies Included: Audio-Technica, Lamborghini and Technics, Crosley, Sony, Teac, Denon, Thorens, Panasonic, VPI Nomad, JR Transrotor, Stanton, Numark, Music Hall, Clearaudio and other key vendors.

The direct-drive turntables segment is predicted to hold the largest market share through the forecast period.

Based on the type, the turntables market is classified into direct-drive turntables, belt-drive turntables, and idler-wheel turntables. Among these, the direct-drive turntables segment is predicted to hold the largest market share through the forecast period. It’s an excellent turntable with direct drive. won’t deteriorate as a belt does, and the sound quality remains the same.

The music production segment is anticipated to hold the highest market share during the projected timeframe.

Based on the application, the turntables market is divided into home entertainment, bar and music club, and music production. Among these, the music production segment is anticipated to hold the highest market share during the projected timeframe. Turntables are used by experts in studios to generate, mix, and master records in this crucial area, which calls for exact control and excellent sound output.

North America is estimated to hold the largest share of the turntables market over the forecast period.

North America is estimated to hold the largest share of the turntables market over the forecast period. The demand for vinyl records and the accelerated development of new turntables will be driving the region’s vinyl record market’s quick growth over the time frame anticipated. In this market, sellers should have plenty of opportunities. In addition, the growth of bars and concert halls will drive the local market’s progress.

Asia Pacific is predicted to have the highest CAGR growth in the turntables market over the forecast period. Asia Pacific has seen a rise in the production of hip-hop music through turntable use. Globally, hip-hop is growing in popularity, particularly in South Korea, Japan, China, and India.

 

Recent Developments

• In May 2024, Lamborghini and Technics launched the new SL-1200M7B turntable. The SL-1200M7B is a special edition based on the SL-1200MK7/SL-1210MK7 DJ versions from the SL-1200 turntable series, which have received a great deal of attention and recognition over time.  

 

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.