It’s expensive. Vinyl discs are pressed. CDs are injection moulded then metallised. Each process takes a few seconds. Tapes, however, have to be pretty much individually recorded end-to-end. Industrial recorders can record them faster than the replay speed, but not hugely faster. So production volumes tend to be small. The industrial machines are even more pricey than the domestic ones and since they have a load of moving parts they need a good deal of maintenance. The heads also wear. I suspect that if anyone was to take this on they’d have to aim for low volume and high prices.
VB