As the Market Research Director for a major music label, I am developing our 2026 release strategy. Despite the total dominance of streaming platforms, vinyl records and high-fidelity physical formats have entered a "Golden Age of Physicality" as luxury collectibles. Please provide a deep research report: (1) Market Dynamics and Sales Growth: Analyze the 2024–2025 Luminate and RIAA data showing vinyl significantly outselling CDs and the growth of "Ultra-Deluxe" limited-run physical editions. Who are the primary demographics driving this trend—Gen Z collectors vs. Gen X audiophiles? Analyze the impact of "variant collecting" (multiple color versions of the same album) on market saturation in 2025. Plot a line chart visualizing the annual revenue of Vinyl vs. CD vs. Paid Streaming from 2020 to 2025. (2) Manufacturing and Supply Chain Realities: Investigate the 2025 expansion of vinyl pressing capacity in North America and Europe. How are "Eco-Vinyl" (recycled plastics) and "Bio-Vinyl" (calcium-zinc based) impacting production costs and sound quality? Analyze the 2025 lead times for independent labels vs. major labels. How are companies addressing the global shortage of high-quality lacquer used in master cutting? Include a retrieved schematic or photo of a modern, automated vinyl pressing machine from a 2025-commissioned plant (e.g., GZ Media or Third Man Pressing). (3) The "Merchandisability" of Music and Fan Engagement: Evaluate the 2025 trend of "vinyl-as-decor" and its impact on cover art design and packaging innovation (e.g., liquid-filled discs or AR-enabled jackets). How does physical ownership influence artist-fan loyalty compared to algorithmic streaming? Analyze the rise of "physical-only" bonus tracks as a major driver for day-one sales. Draw a bar chart showing the average revenue per fan for a "Streaming-Only" fan vs. a "Physical Media" fan in 2025. (4) Resurgence of Secondary Media (Cassettes/CDs): Is the 2025 "cassette revival" a passing fad or a sustainable niche for independent artists and low-fidelity (lo-fi) aesthetics? Analyze the 2024–2025 growth in portable CD player sales as a sign of "digital fatigue" and a desire for curated listening. Include a table comparing the manufacturing cost, retail price, and collector "resale value" of Vinyl, CD, and Cassette formats for a 2025 major album release.

评估清单 / Evaluation checklist:
Market Dynamics and Sales Growth Analysis: Does the report analyze 2024–2025 data showing vinyl outselling CDs and the growth of 'Ultra-Deluxe' limited-run physical editions?
Does it include a line chart visualizing the annual revenue of Vinyl vs. CD vs. Paid Streaming from 2020 to 2025?
Manufacturing and Supply Chain Realities Investigation: Does the report investigate the 2025 expansion of vinyl pressing capacity in North America and Europe?
Does it include a schematic or photo of a modern, automated vinyl pressing machine from a 2025-commissioned plant?
The 'Merchandisability' of Music and Fan Engagement Evaluation: Does the report evaluate the 2025 trend of 'vinyl-as-decor' and its impact on cover art design and packaging innovation?
Does it include a bar chart showing the average revenue per fan for a 'Streaming-Only' fan vs. a 'Physical Media' fan in 2025?
Resurgence of Secondary Media (Cassettes/CDs) Analysis: Does the report analyze the 2025 'cassette revival' and growth in portable CD player sales?
Does it include a table comparing the manufacturing cost, retail price, and collector 'resale value' of Vinyl, CD, and Cassette formats for a 2025 major album release?