In 2023, the import value of turntables without record changers to the US was an actual figure of approximately $82.373 million. The forecast from 2024 to 2028 shows a steady annual increase, with imports projected to reach $95.75 million by 2028. The year-on-year growth rate from 2024 onwards is anticipated to average around 2.72%. Over the five-year forecast period, the compound annual growth rate (CAGR) is expected to be about 3.05%, reflecting a steady upward trajectory in import value.
Future trends to watch for include:
- Technological advancements in turntable features that may influence demand.
- Shifts in consumer preferences towards analog audio experiences.
- Impact of global supply chain factors and tariffs on import costs.
- Potential resurgence in vinyl record sales driving the import of supporting equipment.
