What Is The Prediction Of Vinyl Sales This Year

So far this year vinyl sales have grossed 224 1 million.

What is the prediction of vinyl sales this year.

The company expects a whopping 50 60 decline in home sales from its pre coronavirus levels. 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. More than 3 2m lps were sold last year a rise of 53 on last year and. 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. Based on the latest available data we forecast key market trends for 2020 including home prices home sales. Now a mid year report from the riaa suggests that cd sales are likely to shrink below. Zillow s recent report also includes their housing market predictions for home sales.

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 sales in the united states. Albums sold on vinyl and cassette both saw double digit sales growth in the us last year according to a new report.

In 2019 18 8 million lps were sold in the united states up 14 percent. Sales of vinyl in 2016 reached a 25 year high as consumers young and old have once again embraced physical formats of music. Vinyl sales grew by just shy of 12 percent from 8 6 to 9 7 million sales while.