Long Live Vinyl

Via Statista

In an all digital world, vinyl records continue to make quite the comeback since the trend started to take hold in 2006. As a percentage of albums purchased, vinyl records share of sales continues to grow. Yet when you put it in the broader context of all digital consumption and downloads of single tracks, vinyl represents less than 5% of all sales. From Statista:

So how big is vinyl’s comeback really? Should we all dust off our old record players to prepare for the analog future of music? According to Luminate‚Äôs 2022 Year-End Music Report, LPs accounted for 43 percent of album sales in the United States last year, which is quite substantial. Factoring in streaming and downloads of single tracks, however, that number drops to less than 5 percent of album equivalent music consumption, which puts things in perspective.