Vinyl Comes Back From Near-Extinction

by
,

While the whole world is talking about Spotify, Pandora, iTunes and other digital music services, a long-forgotten medium has come back from near-extinction: the LP. In 2013, 6.1 million vinyl albums were sold in the United States, up from less than a million in 2005 and 2006. The same trend can be observed in the UK and in Germany, where LP sales have climbed to the highest levels since the early 1990s. Global vinyl sales amounted to $218 million in the past year and it's all but certain that the vinyl comeback will continue in 2014.

There are several possible reasons for the sudden resurgence of the LP. Music aficionados have always valued the warm, organic sound of vinyl recordings but it may actually be the rise of digital music that contributed most to the uptick in vinyl sales: as great as services such as Spotify are in making music accessible, they also commoditized music to a certain degree and took away the pleasure of owning a physical album. To those who still prefer to own a tangible product, an LP may just add a little more value than a CD does (CD sales have been crushed lately). Plus, as many labels ship vinyl records with download codes, buyers get the best of both worlds when they purchase a vinyl album - they get the convenience of an MP3 download alongside the physical and acoustic pleasures of an LP.

It should probably be noted that vinyl sales still account for a small fraction of overall music revenues, but it's nice to see that there's still some life left in a medium that has been around for so many decades.



Infographic: Vinyl Comes Back From Near-Extinction | Statista
Enlarge
Related Infographics
  • Global economy
    The most expensive m2 of prime property in the world

    This infographic shows the number of square metres of prime property 1 million US dollars will buy you in selected cities around the world.

You may also be interested in...
Infographic Newsletter

Statista offers daily infographics about trending topics covering Media and Society.

Download & Reference

You may also be interested in...
FAQ
Who may use the "Chart of the Day"?
The Statista "Chart of the Day", made available under the Creative Commons License CC BY-ND 3.0, may be used and displayed without charge by all commercial and non-commercial websites. Use is, however, only permitted with proper attribution to Statista.

Which topics are covered by the "Chart of the Day"?
The Statista "Chart of the Day" currently focuses on two sectors: "Media and Technology", updated daily and featuring the latest statistics from the media, internet, telecommunications and consumer electronics industries; and "Economy and Society", which current data from the United States and around the world relating to economic and political issues as well as sports and entertainment.

Can Statista create customized charts?
Absolutely! For information on tailor-made and sector-specific Charts of the Day, please contact Jan Ahrens
(jan.ahrens@statista.com).