from Statista.com
— this post authored by Felix Richter
Vinyl album sales in the United States increased by more than 1,000 percent over the past ten years.
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That’s a fact. It is also the basis for many articles celebrating the comeback of the LP as a counterpart to the “soulless” bits and bytes music is often reduced to these days. But how big is the comeback of the big vinyl disc really? Should we all dust off our old record players to prepare for the future of music?
Not really. According to Nielsen’s 2017 year-end music report, LPs accounted for no more (but also no less) than 8.5 percent of album sales in the United States. When accounting for streaming and downloads of single tracks, that number drops to 2.5 percent of total music consumption – not exactly the lion’s share.
However small the impact of rising LP sales on the music industry’s bottom line may be, it’s still interesting to witness a hundred year-old technology coming back from near extinction. Let’s hope the video cassette stays buried in the back rooms of (equally endangered) video rental stores.
You will find more statistics at Statista.
