The statistic depicts the vinyl sales revenue generated in the leading vinyl record selling markets worldwide in 2014. Germany ranked second with vinyl sales amounting to 34 million U.S. dollars. The entire global vinyl market was worth 347 million U.S. dollars in 2014.
Leading vinyl records markets – additional information
Vinyl records, an analog medium to store and play music also known as LP (Long Play), dominated the music industry from the 1950s until 1990s. With the introduction of digital music services, vinyl lost space in the market and saw its share drop consistently over the years. In 2006, vinyl record sales worldwide hit the lowest mark since 1997, generating only 34 million U.S. dollars in revenue that year. However, vinyl records started to slowly make a comeback in the music industry in the following years. Sales of vinyl records increase from 114 million U.S. dollars in 2011 to 347 million U.S. dollars in 2014, the highest figure to date, while the number of vinyl record sold worldwide increased tenfold between 2006 and 2015.
The United States is a clear leader in the vinyl record selling market, as vinyl sales revenue in the country were about five times higher than the second largest market for this music niche, Germany. The UK is the third leading vinyl record selling market in the world. Japan and the Netherlands complete the top five vinyl markets in the world. In the leading vinyl record market, the U.S., about 3.1 million customers buy new vinyl records in an average month, while five billion buyers purchase used vinyl during the same time frame. Amazon is the leading vinyl record retailers in the U.S. with about 40 percent of the market share, followed by Best Buy with 20 percent. Twenty One Pilots had the top-selling vinyl album in the U.S. in 2016, with their album “Blurryface”; the late David Bowie's LP “Blackstar” closely followed in the second place.
Leading vinyl record selling markets worldwide in 2014
(in million U.S. dollars)
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IFPI, & Website (thevinylfactory.com). (April 18, 2015). Leading vinyl record selling markets worldwide in 2014 (in million U.S. dollars) [Graph]. In Statista. Retrieved October 06, 2022, from https://www.statista.com/statistics/497221/vinyl-market/
IFPI, und Website (thevinylfactory.com). "Leading vinyl record selling markets worldwide in 2014 (in million U.S. dollars)." Chart. April 18, 2015. Statista. Accessed October 06, 2022. https://www.statista.com/statistics/497221/vinyl-market/
IFPI, Website (thevinylfactory.com). (2015). Leading vinyl record selling markets worldwide in 2014 (in million U.S. dollars). Statista. Statista Inc.. Accessed: October 06, 2022. https://www.statista.com/statistics/497221/vinyl-market/
IFPI, and Website (thevinylfactory.com). "Leading Vinyl Record Selling Markets Worldwide in 2014 (in Million U.S. Dollars)." Statista, Statista Inc., 18 Apr 2015, https://www.statista.com/statistics/497221/vinyl-market/
IFPI & Website (thevinylfactory.com), Leading vinyl record selling markets worldwide in 2014 (in million U.S. dollars) Statista, https://www.statista.com/statistics/497221/vinyl-market/ (last visited October 06, 2022)