Vinyl Records Business Report 2023-2030: Market to Grow by $900 Million—Growth of Collectible and Limited Edition Vinyl Releases Spurs Dynamics. The global market for Vinyl Records is estimated at US$1.5 Billion in 2023 and is projected to reach US$2.4 Billion by 2030, growing at a CAGR of 7.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The growth in the vinyl records market is driven by several factors. The increasing demand for physical media in a predominantly digital age reflects a broader trend towards nostalgia and the desire for authentic, tangible experiences.
Burien, WA | Burien’s Time Tunnel Records celebrates 10 years with a groovy makeover: If you’re familiar with the Burien area, you’ve likely seen Time Tunnel Records, a colorfully painted record shop offering a variety of unique finds for music lovers. This year marks the 10th anniversary since owner Matthew Alston opened the mom-and-pop shop. His vision for Time Tunnel was to create a space that reminded him of the retro record shops he frequented in his youth, “I grew up in the 70s, and so that was the idea,” he said. “For the name, I thought that it would be nice to have something that gives you imagery of a tunnel. I believe music has an effect like a time warp. You can hear a song and it totally takes you back to a certain memory or moment of time that you have tied to that particular song.” With the name set and his vision in motion, Alston had a new mission: to give the exterior a fresh makeover.
Edinburgh, UK | Edinburgh record shop wins competition for Olympic window display: More than 30 shops and businesses decorated their windows and frontages to help mark the centenary of the Edinburgh Olympic hero’s gold medal triumph in the 400 metres at the 1924 Paris games. A total of 760 people voted to choose the best display. Mark and Lottie Thorne took first place with their five giant Olympic rings designed to look like records and featuring five Scottish Olympic gold medallists. “It was a lovely surprise,” said Mark. “It’s all down to my wife. We designed it together but she was the one who painted it and stuck it up. It fell down a few times but we persevered just like a proper athlete should. “Rather than focus on Britain, we wanted to focus on Scotland so I had a good look into some Scottish-specific gold medal winners. And I chose five—one for each ring—that I thought would represent Scotland well.”
Cambridge, MA | Do a little digging into Big Dig Records’ stacks, and ponder the lack of live rock ‘n’ roll albums: …The house specialty is “rare and out of print titles,” which is what you call used records when you want to make the point that you’ve got an archivist’s sensibility and a commitment to quality. I bought a short stack of LPs at an affordable $5 to $10 a pop – Mott the Hoople’s “The Hoople,” O.C. Smith’s “Dreams Come True” and a signed edition of “Love Changes” and Walter Carlos’ “Switched-On Bach II” (one wasn’t enough!) – and took a close look at the condition of each. Not mint by a mile, though all except one will play without any noticeable crackle. Great value for the money. Be forewarned that you will pay for heavy hitter classics, such as a $40 copy of Black Sabbath’s “Paranoid” or a $50 copy of Sonic Youth’s “Goo.” It wasn’t always clear what was driving up the price of these records. But if you had to guess, it was probably the edition.
Leeds, UK | The Vinyl Whistle: Inside Jon Moss’ little-known former career away from football when new SFA VAR manager swapped red cards for records. He’s revealed his favourite pre-match song from his refereeing days. His new job is to try to smooth out all of Scottish football’s video problems. But for years it was AUDIO that was Jon Moss’ true passion. …But in his spare time it was records rather than red cards that occupied his thoughts. The former PE teacher is a massive music fan and in 2019 opened up a record shop in the Headingley district of Leeds— the city where he used to be a student. With a nod to his refereeing career, Moss called the shop—that doubles as a café—The Vinyl Whistle. He and his wife Julie ran the record store until the end of last year when they decided to sell up—with Moss reckoning at one point he owned more than 20,000 records.
Chesterfield, UK | Chesterfield Record Fair to launch new event at The Batch House: A new record fair event is set to take place in The Batch House, giving music lovers even more opportunity to browse their favourite artists. The new event will run in addition to the regular monthly record fair in Chesterfield town centre, allowing people to attend on weeknights too. The first Record Fair at the Batch House will take place later this month, on Friday 30th August, 12pm-6pm. Organiser Adrian Wells, owner of AA Record Fairs said: “The event has always been very popular. Since it began 4 years ago, its reputation is one for a great selection of diverse genres of music and different vinyl dealers attending each month, and traveling from all over the country to stand. Adrian says he loves to host the market in Chesterfield Town Centre, and looks forward to building on its popularity…
Dubrovnik, HR | Dubrovnik Vinyl Fair 2024: International Record Lovers Unite for a Weekend of Music and Collectibles. The Dubrovnik Association of Vinyl Record Enthusiasts “Dubrovnik 33/45” is once again organizing a large international vinyl record and audio media fair this year. The “Dubrovnik Vinyl Fair 2024” will be held on the promenade in the Bay of Lapad, across from the tennis courts, on Saturday, August 17, from 4 PM to 10 PM, and on Sunday, August 18, from 10 AM to 2 PM. Local music lovers and visitors alike can expect the largest selection of used records ever presented in Dubrovnik over the two days. In addition to records and CDs, the “Dubrovnik Vinyl Fair 2024” will also feature other interesting items from collectors, artists, and creatives. In addition to local vinyl enthusiasts, exhibitors from Zagreb, Split, Sarajevo, Podgorica, Niš, and Belgrade will be present.
Denver, CO | Vinyl record plant groovin’ in RiNo: Paramount Pressing eyes broader market with retooled ownership group. The first vinyl record pressing plant in Colorado music history got into its manufacturing groove in July 2024. Based in a 14,000-square-foot facility in Denver’s RiNo Art District, Paramount Pressing will be able to make upwards of 1 million records a year on one shift with about 15 employees. Originally envisioned as a primary supplier for the Denver-based Vinyl Me, Please record club, the business has pivoted to the broader market under a retooled ownership group, which includes Nashville-based musician Dave Rawlings. Another partner and the plant’s general manager, Gary Salstrom has worked in the vinyl pressing industry since 1979. Salstrom was a “frustrated musician” who answered a help-wanted ad for Wakefield Manufacturing, a pressing plant in Phoenix, way back in 1978. After stints at plants in California and Kansas, he moved to Colorado in 2022 to open Paramount Pressing.
