EU Vinyl Market To Grow 6% Annually
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.
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.