What Is The Prediction Of Vinyl Sales This Year

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.

What is the prediction of vinyl sales this year.

While cd sales are still in the lead with 247 9 million vinyl sales are projected to rise to the top. Experts at zillow forecast home sales to bottom out in q2 2020 before they slowly recover to baseline levels by the end of 2021. Vinyl album sales in the united states have grown for the 14th consecutive year. Zillow s recent report also includes their housing market predictions for home sales.

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. Even so for the beleaguered music industry it s nice to see a bright spot and. Yes vinyl sales are surging but their sales still only made up six percent of album sales last year. Based on the latest available data we forecast key market trends for 2020 including home prices home sales.

Vinyl record sales have been steadily growing for more than a decade despite constant predictions of a fad. Now a mid year report from the riaa suggests that cd sales are likely to shrink below. So far this year vinyl sales have grossed 224 1 million. Vinyl sales in the united states.

The company expects a whopping 50 60 decline in home sales from its pre coronavirus levels. Albums sold on vinyl and cassette both saw double digit sales growth in the us last year according to a new report. Sales of vinyl in 2016 reached a 25 year high as consumers young and old have once again embraced physical formats of music.