Vinyl Sales Increase 2017

According to deloitte new vinyl records and revenue will enjoy a seventh consecutive year of double digit growth in 2017.

Vinyl sales increase 2017.

But the slice of the pie is still a very small one with broader music. More than 3 2m lps were sold last year a rise of 53 on last year and. According to data from ebay a new vinyl record cost. Sales of vinyl in 2016 reached a 25 year high as consumers young and old have once again embraced physical formats of music.

Continuing one of the more surprising comebacks of the digital age vinyl album sales in the united states have grown for the 14th consecutive year. In 2019 18 8 million lps were sold in the. Furthermore there was an 18 5 year over year increase in sales of new vinyl from 2016 to 2017. While sales have gone up prices have as well.

Once again yearly vinyl album sales have hit another nielsen music era record high as the configuration sold 14 32 million up 9 percent in 2017. According to data released last week by nielsen soundscan more than 9 2 million vinyl records were sold in the u s. Last year marking a 52 increase over the year before. From december 29 2017 to june 28 2018 there was a 19 2 increase in vinyl sales compared to the same period the previous year.

That s up from the previous one year high. Vinyl sales topped three million last year the highest uk total in 25 years. The physical format accounted for one in ever 10 physical music sale over the past four months according to the annual bpi report. Vinyl sales have been steadily increasing in recent years but this increase is a particularly impressive feat for the format after the pandemic caused record shops to close for several months.

A 26 8 per cent increase year on year which pushes vinyl sales.