Rise Of Vinyl Sales

Looking back to 2005 record sales amounted to only 14 million u s.

Rise of vinyl sales.

More than 3 2m lps were sold last year a rise of 53 on last year and. Amid all the talk of music streaming and the renaissance of vinyl the continued plummeting of cd sales hasn t been getting a lot of. Our favourite albums of 2019. Sales of vinyl in 2016 reached a 25 year high as consumers young and old have once again embraced physical formats of music.

According to data released last week by nielsen soundscan more than 9 2 million vinyl records. In 2019 18 8 million lps were sold in the united. Vinyl sales increased by 55 8 from 2010 to 2011 and then 131 8 from 2011 to 2012. In the uk lp sales have been growing for 12 years reaching 4 3 million in 2019 according to the british phonographic industry.

The analogue format made of polyvinyl chloride had been the main vehicle for the commercial distribution of pop music from the 1950s until the 1980s and 1990s when they were largely replaced by the compact disc cd. Vinyl album sales in the united states have grown for the 14th consecutive year. Uk vinyl sales continued to increase in 2019 reports bpi. The vinyl revival is the renewed interest and increased sales of vinyl records or gramophone records that has been taking place in the western world since about 2007.

On the other hand cds seem to be losing appeal with january june 2020 revenues dropping 47 6 percent to 129 9 million u s. Furthermore there was an 18 5 year over year increase in sales of new vinyl from 2016 to 2017. This chart shows the rise in lp sales in the united states. Sales of vinyl records are on the rise.

Vinyl records earned 224 1 million on 8 6 million units in the first half of 2019 closing in on the 247 9 million on 18 6 million units generated by cd sales. New data tells us that. M usic purists and nostalgists alike have reason to rejoice. There s lots of talk of a resurgence of vinyl records but industry sales numbers drastically understate the size of the market because they don t count used vinyl sales.

Marking the 12th consecutive year of vinyl sales growth 4 3 million lps were sold in the uk during 2019.