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Turntables Market Size By Application, Industry Analysis Reports, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Shares & Forecast 2023 - 2030

ID : MRU_21885 | Date : Jan, 2023 | Pages : 168 | Region : Global

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A turntable is the circular rotating platform of a phonograph (a.k.a. record player, gramophone, turntable, etc.), a device for playing sound recordings. The phonograph is a device invented in 1877 for the mechanical recording and reproduction of sound. In its later forms it is also called a gramophone (as a trademark since 1887, as a generic name since c. 1900). The sound vibration waveforms are recorded as corresponding physical deviations of a spiral groove engraved, etched, incised, or impressed into the surface of a rotating cylinder or disc, called a record. To recreate the sound, the surface is similarly rotated while a playback stylus traces the groove and is therefore vibrated by it, very faintly reproducing the recorded sound. In early acoustic phonographs, the stylus vibrated a diaphragm which produced sound waves which were coupled to the open air through a flaring horn, or directly to the listener's ears through stethoscope-type earphones.
The disc phonograph record was the dominant audio recording format throughout most of the 20th century. From the mid-1980s on, phonograph use on a standard record player declined sharply because of the rise of the cassette tape, compact disc and other digital recording formats. Records are still a favorite format for some audiophiles and DJs. Vinyl records are still used by some DJs and musicians in their concert performances. Musicians continue to release their recordings on vinyl records. The original recordings of musicians are sometimes re-issued on vinyl.
Asia-Pacific market is expected to become the fastest growing market, increasing product availability is the key point. Asia-Pacific is poised to grow at the highest CAGR during the forecast period owing to rising awareness about oral health care, increasing disposable income in this region, and rising focus of prominent players on the APAC market increasing product availability.
The product average price declined in the past few years due to the technology development, the average price will keep this trend in the few future years due to increasing mature manufacturing technology and lowing cost of raw materials. Strong market competition is resulting in annual 1-2 percent price erosion.

The Global Turntables Market was valued at xxx million USD with a CAGR xx% from 2018-2022. Subsequently, it will touch xxx million USD in 2023 with a CAGR xx % from 2023 - 2030.

In the global Turntables Market, This report focuses particularly in North America, South America, Europe and Asia-Pacific, and Middle East and Africa. This report classifies the Market on the basis of application, type, regions, and manufactures.

In Market segmentation by manufacturers, the report covers the following companies-

Pro-ject
Crosley
Audio-Technica
Sony
Teac
Denon
Thorens
Panasonic
Rega
VPI Nomad
JR Transrotor
Stanton
Numark
Music Hall
Ion
Akai
Clearaudio

In Market segmentation by geographical regions, the report has analysed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types :

Direct-drive Turntable
Belt-drive Turntable
Idler-wheel Turntable
In Market segmentation by applications :

Home Entertainment
Bar and Music Club
Music Production

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Turntables Market for the forecast period 2023 - 2030?
• What are the driving forces in the Turntables Market for the forecast period 2023 - 2030?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Turntables industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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