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# EU Vinyl Market To Grow 6% Annually
- URL: https://www.hypebot.com/eu-vinyl-market-to-grow-6-annually/
- Published: 2020-12-15T11:28:27.000Z
- Updated: 2020-12-15T10:36:05.000Z
- Description: The vinyl record market in Europe will grow by $91.94 million, progressing at a compound annual growth rate of 6% from 2020 – 2024. 41% of the market’s growth is. Continue reading [https://www.hypebot.com/hypebot/2020/12/eu-vinyl-market-to-grow-6-annually.html]
- Author: Bruce Houghton
- Tags: Indie Music, Major Labels, Music Business, Vinyl, Cassettes & Retail, European Union, vinyl, #wp, #wp-post, #Import 2026-01-21 09:51

The vinyl record market in Europe will grow by $91.94 million, progressing at a compound annual growth rate of 6% from 2020 – 2024.

41% of the market’s growth is coming from the UK. The increasing number of new vinyl albums is one of the major factors fueling the growth, according to the analysis by Technavio.

![](https://mms.businesswire.com/media/20201215005156/en/846619/4/IRTNTR44810.jpg?download=1)

The UK, Germany, The Netherlands, Italy, and Poland are the key markets for vinyl records in Europe. Market growth in the UK is expected to be slower than in Germany.