What Is The Prediction Of Vinyl Sales This Year

Based on the latest available data we forecast key market trends for 2020 including home prices home sales.

What is the prediction of vinyl sales this year.

Vinyl sales grew by just shy of 12 percent from 8 6 to 9 7 million sales while. So far this year vinyl sales have grossed 224 1 million. Sales of vinyl in 2016 reached a 25 year high as consumers young and old have once again embraced physical formats of music. Vinyl album sales in the united states have grown for the 14th consecutive year.

Even so for the beleaguered music industry it s nice to see a bright spot and. Data on vinyl album sales in the united states from 1993 to 2019 shows consistent growth since 2006 and in 2019 a total of 18 84 million vinyl albums were sold up 14 5 percent from the previous. While cd sales are still in the lead with 247 9 million vinyl sales are projected to rise to the top. Sales of physical media including cds and vinyl according to the riaa s new report were down 23 percent but totaled 1 15 billion thus edging out digital download sales.

Yes vinyl sales are surging but their sales still only made up six percent of album sales last year. Vinyl record sales have been steadily growing for more than a decade despite constant predictions of a fad. The company expects a whopping 50 60 decline in home sales from its pre coronavirus levels. Zillow s recent report also includes their housing market predictions for home sales.

Albums sold on vinyl and cassette both saw double digit sales growth in the us last year according to a new report. Now a mid year report from the riaa suggests that cd sales are likely to shrink below. In 2019 18 8 million lps were sold in the united states up 14 percent.