Global Turntable Cartridges Market Size By Type (Moving Magnet Turntable Cartridges (MM) Moving Coil Turntable Cartridges (MC)), By Geographic Scope And Forecast

Global Turntable Cartridges Market Size By Type (Moving Magnet Turntable Cartridges (MM) Moving Coil Turntable Cartridges (MC)), By Geographic Scope And Forecast

Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format

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Turntable Cartridges Market Size And Forecast

Turntable Cartridges Market size was valued at USD 611.56 Million in 2021 and is projected to reach USD 988.46 Million by 2030, growing at a CAGR of 5.57% from 2023 to 2030.

The adoption of turntable cartridges has been increasing in recent years, particularly among audiophiles and music enthusiasts. These individuals appreciate the warm, rich sound quality that vinyl records can provide and often seek out high-quality turntable cartridges to enhance their listening experience. The Global Turntable Cartridges Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Turntable Cartridges Market Definition

A turntable cartridge is a small device that contains a stylus or needle and a magnet, which work together to convert the vibrations of a record’s grooves into an electrical signal that can be amplified and played through speakers. There are two main types of turntable cartridgesmoving magnet (MM) and moving coil (MC).

Moving magnet cartridges are the most common type and are generally less expensive than moving coil cartridges. They work by using a magnet that is attached to the end of the cantilever (the part that holds the stylus) to generate an electrical signal as the stylus moves through the record’s grooves.Moving coil cartridges, on the other hand, use a coil of wire instead of a magnet to generate the electrical signal. These cartridges are generally considered to be higher quality than moving magnet cartridges, but they are also more expensive.

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Global Turntable Cartridges Market Overview

The adoption of turntable cartridges has been increasing in recent years, particularly among audiophiles and music enthusiasts. These individuals appreciate the warm, rich sound quality that vinyl records can provide and often seek out high-quality turntable cartridges to enhance their listening experience.

Sure, CDs and streaming are all the rage these days, but guess what? Vinyl is back! People are rediscovering the awesome, authentic sound you just can't get from digital files. There's something about that warm, rich sound that's making everyone crave a good turntable. In North America, vinyl has seriously exploded in the last ten years. In fact, the Recording Industry Association of America (RIAA) reported that in 2021, a whopping 27.5 million vinyl records were sold in the US! That's a huge jump – like, 94% bigger than in 2016. Why the comeback? Well, it's probably a mix of thingsnostalgia, the belief that vinyl sounds better, and just the good old feel of holding something real in your hands.

Additionally, the growing popularity of vinyl has led to an increase in the availability of turntables and turntable accessories, making it easier for people to get started with vinyl playback. In addition, many manufacturers have been introducing new and improved turntable cartridges with advanced features such as improved tracking and reduced distortion. This has made it easier for people to upgrade their existing turntable cartridges or purchase new ones that are designed to deliver even better sound quality.

Global Turntable Cartridges MarketSegmentation Analysis

The Global Turntable Cartridges Market is segmented on the basis of Type and Geography.

Turntable Cartridges Market, By Type

  • Moving Magnet Turntable Cartridges (MM)
  • Moving Coil Turntable Cartridges (MC)

To Get a Summarized Market Report By Type-

Moving Magnet Turntable Cartridges (MM) accounted for the largest market share in 2021. Moving magnet cartridges (MM) are the most common type of cartridge and are often found on entry-level and mid-range turntables. They have a magnet that moves in response to the grooves of the record and induces an electrical signal in the coils. MM cartridges have a high output voltage, which makes them easier to amplify, and are generally more affordable than moving coil cartridges.

Turntable Cartridges Market, By Geography

  • Asia-Pacific
  • North America
  • Europe
  • Latin America
  • Middle East and Africa

To Get a Summarized Market Report By Geography-

The rising popularity of stereo turntable cartridges in North America and Europe is definitely tied to a few thingsour renewed love for vinyl, the cool retro vibe of turntables themselves, and that special listening experience you just can't get anywhere else. You know, the International Federation of the Phonographic Industry (IFPI) even reported that vinyl sales in Europe hit 23.8 million in 2020 – a huge 23.5% jump from the year before! So, what's fueling all this? Well, a big part of it is that people are just more into vinyl records. Many music fans think vinyl provides a way more real and engaging experience compared to those digital files we're all so used to.

Key Players

The major players in the market are Audio-Technica, Benz Micro, Clearaudio, Goldring, Grado, Koetsu, My Sonic Lab, Nagaoka, Ortofon, Rega, and Sumiko. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2018-2030

BASE YEAR

2021

FORECAST PERIOD

2023-2030

HISTORICAL PERIOD

2018-2020

UNIT

Value (USD Million)

KEY COMPANIES PROFILED

Audio-Technica, Benz Micro, Clearaudio, Goldring, Grado, Koetsu, My Sonic Lab, Nagaoka, Ortofon, Rega, and Sumiko.

SEGMENTS COVERED

Type and Geography.

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