| Product Code: ETC272724 | Publication Date: Aug 2023 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India vinyl records market import shipment demonstrated a rapid expansion with a strong CAGR from 2020-2024. However, there was a notable decline in growth rate between 2023 and 2024. Overall, the market displayed substantial momentum but experienced a slowdown towards the end of the period.
The vinyl records market in India is experiencing a resurgence as a result of a growing nostalgia for analog music formats. Music enthusiasts and collectors are rediscovering the unique warmth and charm of vinyl records. The market offers a variety of albums, including classic releases and contemporary music, catering to a diverse audience. With the revival of vinyl records and the appeal of physical music formats, this market continues to flourish.
The India vinyl records market is fueled by the nostalgia and audiophile appeal of vinyl music. Collectors and music enthusiasts are driving the demand for vinyl records, and the market is supported by the resurgence of vinyl as a physical music format.
The India vinyl records market faces challenges such as limited demand due to digital music, the need for quality production, and competition from digital streaming services. With the convenience of digital music streaming, the demand for physical formats like vinyl records is limited. To attract vinyl enthusiasts, manufacturers must focus on producing high-quality records, which can be challenging and resource-intensive. Furthermore, competition from digital streaming services offering extensive music libraries can impact the market`s growth potential.
The vinyl records market in India faced significant challenges during the COVID-19 pandemic. Lockdowns and restrictions led to a decline in physical retail sales and disrupted manufacturing and distribution processes. The closure of music venues and record stores also affected sales. However, vinyl records remained a niche collector`s item, and online sales might have partially offset the losses.
In the India Vinyl Records market, key players have played a significant role in the resurgence of vinyl as a medium for music consumption. Prominent record labels and producers such as Sony Music, Universal Music Group, Warner Music Group, and India record labels like Saregama have been active in this segment, offering a diverse selection of vinyl records that cater to the preferences of music collectors and enthusiasts in India.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Vinyl Records Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Vinyl Records Market Revenues & Volume, 2021 & 2031F |
3.3 India Vinyl Records Market - Industry Life Cycle |
3.4 India Vinyl Records Market - Porter's Five Forces |
3.5 India Vinyl Records Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 India Vinyl Records Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 India Vinyl Records Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing consumer nostalgia for retro music formats |
4.2.2 Growth in vinyl record collector community |
4.2.3 Rising popularity of vinyl records among audiophiles and music enthusiasts |
4.3 Market Restraints |
4.3.1 Limited availability of new vinyl pressing plants in India |
4.3.2 High production costs compared to digital music formats |
4.3.3 Competition from streaming services and digital downloads |
5 India Vinyl Records Market Trends |
6 India Vinyl Records Market, By Types |
6.1 India Vinyl Records Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Vinyl Records Market Revenues & Volume, By Product Type, 2021-2031F |
6.1.3 India Vinyl Records Market Revenues & Volume, By Long Play (LP) Vinyl Records, 2021-2031F |
6.1.4 India Vinyl Records Market Revenues & Volume, By Singles Vinyl Records, 2021-2031F |
6.1.5 India Vinyl Records Market Revenues & Volume, By Others, 2021-2031F |
6.2 India Vinyl Records Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 India Vinyl Records Market Revenues & Volume, By Online, 2021-2031F |
6.2.3 India Vinyl Records Market Revenues & Volume, By Offline, 2021-2031F |
7 India Vinyl Records Market Import-Export Trade Statistics |
7.1 India Vinyl Records Market Export to Major Countries |
7.2 India Vinyl Records Market Imports from Major Countries |
8 India Vinyl Records Market Key Performance Indicators |
8.1 Number of new independent record stores specializing in vinyl records |
8.2 Growth in demand for turntables and vinyl accessories |
8.3 Number of vinyl record fairs and events held in India |
9 India Vinyl Records Market - Opportunity Assessment |
9.1 India Vinyl Records Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 India Vinyl Records Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 India Vinyl Records Market - Competitive Landscape |
10.1 India Vinyl Records Market Revenue Share, By Companies, 2024 |
10.2 India Vinyl Records Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |