Recordable Media Manufacturing in the US - Industry Market Research Report

Doomed by Digital: Digital Media Will Likely Continue to Replace Industry Products Due to Its Greater Affordability

Recordable media manufacturers produce optical and magnetic media, including blank audio tapes, videotapes and diskettes. Companies also mass duplicate audio, video and software data on similar platforms. Through 2023, recordable media sales have plummeted as digital media streaming services revolutionize how individuals and businesses consume, store and interact with information. Consumer preferences have shifted toward streaming services and downloadable entertainment, while businesses have transitioned to digital software downloads and cloud data storage. The accessibility, convenience and affordability of services digital media platforms provide are key drivers of this shift. The pandemic has also accelerated consumer demand for video streaming subscriptions and cloud-based storage for business and entertainment purposes amid stay-at-home mandates. Through 2023, the industry will contract at an estimated CAGR of 11.2% to $1.1 billion, including a projected 8.1% dip in 2023 alone.

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's key players and their market shares.