Global Magnetic and Optical Media Manufacturing Markets at a compound annual growth rate (CAGR) 12.3% from 2018-2022 to reach a value of nearly $12.4 billion by 2022 end

Press Release – 03 Jan 2019
Research and Development News --
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Latest Update "Magnetic and Optical Media Manufacturing: Global Markets to 2022" with Industries Survey | Global Current Growth and Future.
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"Summary”

Global magnetic and optical media market growth outlook is negative with moderate growth potential for vinyl records. The market growth is restricted by increasing preferences for online video streaming and gaming platforms and growing popularity of cloud technologies.

The magnetic and optical media market reached a value of nearly $REDACTED billion in 2017 and is expected to decline at a compound annual growth rate (CAGR) of -REDACTED% to nearly $REDACTED billion by 2022.
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The magnetic and optical media market is concentrated with a few large players dominating the market. Major players in the market are Dell Technologies Inc., Hitachi, Ltd., Sony Corporation, Toshiba Corporation and Western Digital Corporation.

Reproduction of Recorded Media accounted for the largest share of the magnetic and optical media market in 2017 at $REDACTED billion. The highest growth is projected to come from vinyl records which isforecasted to grow at a CAGR of REDACTED%. Nostalgia associated with these storage devices contributed to the growth of the market.

Asia Pacific is the largest magnetic and optical media market, accounting for REDACTED% of the global market. It was followed by North America and Western Europe region. Going forward, North America is expected towitness the slowest decline in the magnetic and optical media market, estimated to decline at a CAGR of -REDACTED%, followed by South America which is expected to decline at a CAGR of -REDACTED%.
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China is the largest market in terms of value and in the magnetic and optical media market. The USA and the UK are forecasted to have the slowest decline, declining at a CAGR of -REDACTED% and -REDACTED%, respectively.

The market is challenged by restraints such as rising trade protectionism and growing popularity of online video streaming and gaming platforms."

"Report Scope”

This research report categorizes the magnetic and optical media market by type include CD and DVD, HDD, vinyl records and reproduction of recorded media.

“Report Includes”

- 97 tables
- Country specific data and analysis for China, India, Japan, Australia, UK, Germany, France, Italy, Spain, Russia, USA and Brazil
- Detailed analysis of the global market and future demand growth of the magnetic and optical media industry
- Discussion about major trends shaping the magnetic and optical media manufacturing market
- Insight into the government initiatives, regulatory bodies and major associations representing magnetic and optical media industry
- Company profiles of major players in the market, including Dell Technologies Inc., Hitachi, Ltd., Sony Corp., Toshiba Corp and Western Digital Corp"

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This release was published on openPR.