Vinyl Sales Growing

Vinyl records are projected to sell 40 million units in 2017 with sales nearing the 1 billion benchmark for the first time this millennium.

Vinyl sales growing.

In some territories vinyl is now more popular than it has been since the late 1980s though vinyl records still make up only a marginal percentage 6 of overall music sales. However in 2007 vinyl sales made a sudden small increase starting its comeback and by the early 2010s it was growing at a very fast rate. It wasn t quite the 41 8. At the same time cd sales are in a nosedive.

M usic purists and nostalgists alike have reason to rejoice. Vinyl sales grew by double digits last year moving nearly 10 million units in 2018. In 2019 18 8 million lps were sold. The top selling record last year was queen s greatest hits.

Through the first half of the year cds accounted for 247 9 million in music sales to vinyl s 224 1 million but vinyl sales are up 13 percent from a year ago while cd sales are flat. What s more lps are likely to finish the year ahead. The so called vinyl revival has become so big in australia aria launched a chart in 2018 specifically to track vinyl sales. Vinyl accounted for an estimated 9 7 million album sales in 2018 says an.

Sales of vinyl records have enjoyed constant growth in recent years. But the demand for vinyl records was too strong to keep the industry down. Still the recording industry has largely moved beyond physical products. According to data released last week by nielsen soundscan more than 9 2 million vinyl records.

This impressive milestone has been untouched since the. Manufacturing quickly got back to normal and in the us 2020 unit sales are up over 17 from 2019. Last year the recording industry association of america s riaa mid year report. The appeal of the.

Sales of vinyl records are on the rise.