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.

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. More than 3 2m lps were sold last year a rise of 53 on last year and. Experts at zillow forecast home sales to bottom out in q2 2020 before they slowly recover to baseline levels by the end of 2021. 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.

So far this year vinyl sales have grossed 224 1 million. Zillow s recent report also includes their housing market predictions for home sales. Now a mid year report from the riaa suggests that cd sales are likely to shrink below. Yes vinyl sales are surging but their sales still only made up six percent of album sales last year.

In 2019 18 8 million lps were sold in the united states up 14 percent. Based on the latest available data we forecast key market trends for 2020 including home prices home sales. Sales of vinyl in 2016 reached a 25 year high as consumers young and old have once again embraced physical formats of music. 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. Albums sold on vinyl and cassette both saw double digit sales growth in the us last year according to a new report. Vinyl record sales have been steadily growing for more than a decade despite constant predictions of a fad.