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Recordable Media Manufacturing in the US - Industry Market Research Report

  • September 2017
  • 36 pages
  • Ibisworld
Report ID: 198789

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Doomed by digital: Demand is slowing as consumers switch to streaming services

Abstract

Recordable Media Manufacturing in the US

The Recordable Media Manufacturing industry includes the manufacturing of optical and magnetic media, such as CDs and DVDs, as well as the replication of software, audio, video or other data. The industry has declined over the past five years as its products are becoming increasingly obsolete in light of digital media formats and an ever-growing selection of online streaming options. In place of buying CDs or DVDs, consumers are now downloading or streaming entertainment and software. Technological advancements and the increase in the percentage of services conducted online have caused major declines for the industry as consumers opt to stream media over the internet. Over the next five years, the popularity of online services is projected to rise due to its affordability and convenience. Yet, the industry still has a glimmer of hope through the development of 3D movies.


This industry encapsulates enterprises that manufacture optical and magnetic media. These include blank audio tapes, video tapes, diskettes, compact discs (CDs), digital versatile discs (DVDs) and Blu-ray discs. Companies in this industry also mass duplicate audio, video, software and other data on magnetic, optical or similar media. This industry excludes circuit board-based storage technologies, such as MP3 players, flash drives, hard disks and portable hard disk drives.


This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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