The vinyl market - Italy

Since 2020, the vinyl record market has experienced significant growth both globally and in Italy. In 2020, vinyl sales grew by 121% in Italy, even surpassing CD sales for the first time since 1991. The Italian market witnessed a positive balance in the first half of 2023, with an overall growth of 14.2% and a turnover exceeding 175 million euros. Streaming dominates the Italian music scenario, but vinyl sales continue to see an upward trend, growing by 14.3%. The global vinyl market is also thriving; U.S. vinyl album revenues made up 62% of total physical media revenues in the first half of the year, with vinyl sales accounting for 71% of physical format music revenues. The European vinyl record market is expected to grow by $91 million by 2024, with notable growth in England, Germany, and Italy. Despite import-export fluctuations, Italy remains primarily an importer in foreign trade for recording devices. The COVID-19 pandemic initially impacted vinyl production and distribution, but demand surged during lockdowns, with significant revenue growth in the physical media segment as a result of the pandemic, especially for vinyl records..--- The Revival of Vinyl: Nostalgia Meets Modernity in the Italian Market In the heart of Europe, amidst a digital revolution where streaming reigns supreme, Italy has witnessed a remarkable resurgence in the demand for vinyl records—a format that was once thought to be obsolete. Embracing both nostalgia and the distinct warmth of analog sound, the Italian music market has seen vinyl not merely survive but thrive in modern times. Between the years 2016 and 2017, vinyl sales soared, increasing by approximately 50 percent, which brought the revenue to more than 10 million euros—a figure reminiscent of the format's golden years. The year 2020 was a watershed moment as vinyl outstripped CD sales for the first time since 1991, recording a growth of more than 100 percent from the preceding year, while CDs suffered a loss of around 5 percent. These robust sales numbers are reflective of a larger global trend that has placed vinyl records back on the pedestal. The United States, a bellwether for music consumption trends, has seen vinyl revenues reach approximately 60 percent of total physical media revenues. This is part of an ongoing surge, with a compound annual growth rate (CAGR) estimated at around 15 percent between 2021 and 2026. E-commerce has proven to be the pulse of the vinyl revival, fueling growth even amid the challenges of a global pandemic. Notably, the lockdown period saw an upswing in vinyl sales which undeniably suggests a yearning for physical connection to music during times of isolation. Additionally, the re-release of iconic albums, such as The Beatles' "Abbey Road," has attracted both long-time enthusiasts and younger generations to the allure of vinyl. The Italian market, aligning with global patterns, has shown a substantial uptick. Despite the dominance of streaming — which accounted for approximately 84 percent of the market — vinyl has carved out a significant niche of its own. During the first half of 2023, vinyl records in Italy saw a spike of over 10 percent in sales, signaling a buoyant market for this time-honored medium. The Italian music consumption landscape paints a diverse picture. While streaming services maintain their stronghold, the physical segment, which encompasses both CDs and vinyl records, still claims a substantial 16-percent market share. This renaissance is underlined by the fact that nearly 10 percent of consumers purchased vinyl records in the most recent months. On the supply side, Italy's return to vinyl has fueled a cottage.### Key Figures in Italy's Resurgent Vinyl Scene The Italian vinyl record market is sustained by a core group of dedicated companies, each playing a pivotal role in the resurgence of this classic music format. Their contributions span from production to distribution, ensuring that music lovers across the country—and indeed, across Europe—can enjoy the distinctive warmth and tangible experience that only vinyl can offer. Below, we explore the roles and expertise of these cornerstone enterprises driving Italy's vinyl renaissance. #### Europress Vinyl SRL: The Artisans of Analog Sound Europress Vinyl SRL is a central figure in the European world of vinyl record production, especially known for crafting long-play records (LPs). With customer satisfaction at the forefront of their business, Europress Vinyl provides a full suite of vinyl production services, including creating artistic covers that often become collector’s items in their own right. Their offering has charmed approximately 150 clients all over Europe, delivering about 1.5 million LPs per year—an impressive feat in an industry that seemed all but extinct a few decades ago. #### Easyreplica International SRL: Pioneers of Replication Precision A true veteran in the duplication sphere since 2005, Easyreplica International SRL is situated in Pesaro, with an additional packaging and assembling facility in Peschiera Borromeo. Serving both local companies and major international labels, this company has carved out a niche in replicating various media formats, from CDs and DVDs to vinyls and Blu-rays. With a staggering daily production capacity of 150,000 pieces, Easyreplica International stands out not just for its replication prowess, but for its specialization in offset and screen printing for discs, guaranteeing that each product they produce has visual appeal as well as auditory excellence. #### Elettroformati SRL: Vinyl Visual Virtuosos With its roots going back to 1966, Elettroformati SRL bears the badge of experience and resilience in an industry that has seen monumental shifts. Based in Milan, this company has demonstrated an uncanny ability to read the changing tides of the vinyl market and respond with innovation. Through decades of transition from vinyl to CDs to DVDs and back to vinyl again, Elettroformati has remained a stronghold in the market, capitalizing on the rebirth of vinyl by offering exquisite printing and styling services for records, echoing the desires of a passionate and ever-evolving client base. #### Shelve SRL: The Guardians of Music Memory Established in 1998 in

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• Number of pages : 30 pages
• Format : Digital and PDF versions
• Last update : 29/01/2024

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