Magnetic cartridges are electromechanical transducers that are used in turntables to play records. They are miniature electromagnetic generators that transform mechanical action into electrical signals. A diamond stylus that mechanically follows the record channel, sending its modulations through a cantilever to a tiny generator, which converts the mechanical motions into electrical impulses, is shared by all cartridges. Business Research Insights states that the magnetic cartridges market size was USD 11,650.92 million in 2020 and is expected to grow at a CAGR of 8.09% during the forecast period. The increasing adoption of advanced technologies and rising popularity in the music industry are expected to bolster industrial growth.
Disrupted Supply Chain Amid Pandemic Hampered Industrial Performance
The lockdown imposed due to the COVID-19 pandemic had a negative impact on industrial growth. The demand for magnetic cartridges decreased due to stringent restrictions on the entertainment industry. Also, government-imposed strict rules and regulations, which altered the import/export policies and disrupted the supply chain, hampered productivity. Furthermore, manufacturing and production units were shut down to control the virus spread and employees were instructed to work remotely as preventive measures. These factors affected industrial growth during the pandemic period.
Below Mentioned are the Profiles of 8 Leading Companies Operating in the Magnetic Cartridges Industry:
1. Audio-Technica Corporation
Audio-Technica Corporation is headquartered in Tokyo, Japan and was established in 1962. The company has been serving globally for 60 years by manufacturing and delivering professional headphones, microphones, and turntables. The company focuses on producing high-quality products by incorporating advanced technologies.
2. Goldring
Goldring is a leading audio equipment manufacturing company established in 1906 and headquartered in Berlin, Germany. The company manufactures moving cartridges and vinyl record care products equipped with advanced technologies. Goldring moved to England in 1933 and started manufacturing cartridges and turntables to globalize its brand.
3. Nagaoka International CORP
Nagaoka International CORP is headquartered in Japan and operates in various business verticals. The company focuses on incorporating advanced technologies to deliver desired products to its customers and ensure high productivity as well as profitability. The vision of this company is to contribute to society through technological innovation and developmental strengths.
4. Grado Labs
Grado Labs is one of the leading U.S.-based companies specializing in manufacturing high-end dynamic open-back headphones and cartridges. The company is headquartered in New York, U.S. and was established in 1953. Grado Labs manufactures several cartridges such as prestige series, lineage series, timbre series, and black3/green3.
5. Ortofon
Ortofon is the world’s largest producer of magnetic cartridges for phonograph turntables. The company was established in 1918 and is headquartered in Denmark. Ortofon specializes in producing phone cartridges and hearing aid components available in various series. The company is known as one of the leading manufacturers of electric audio equipment.
6. Gemini Sound Products Corporation
Gemini Sound Products Corporation was established in 1974 and is headquartered in New Jersey, U.S. The company manufactures professional audio and mobile DJ equipment, including DJ CD players, DJ turntables, DJ mixers, loudspeakers, professional amplifiers, wireless microphones & DJ, audio effects.
7. Denon
Denon is a Japanese electronics company established in 1910 and is headquartered in Japan. The company specializes in audio and visual electronics that deliver various high-end products. Denon focuses on enhancing the entertainment experience for its customers by providing reliable audio systems.
8. Dynavector
Dynavector is headquartered in the U.K. The company manufactures high-performing moving coil cartridges. Dynavector implements several technologies to develop and design new products to meet customer needs.
Surging Music Popularity & Increasing Demand for Enhanced Entertainment will Bolster Industrial Growth
The rising development in the music industry is expected to foster industrial growth due to the increasing demand for various cartridges. Also, rapid technological development in manufacturing and production operations is anticipated to support companies to gain lucrative opportunities. The surging trend of modernization and electrification to improve efficiencies and reduce production costs is expected to bolster industrial growth. Furthermore, the increasing adoption of vinyl records is expected to bolster the increasing demand for magnetic cartridges.