The vinyl market’s resurgence is largely due to the increase in under-25s buying records
According to statistics released by the Recording Industry Association of America, the vinyl market is set to chart its best sales since 1989 this year. The increase in interest is apparently being led by a demographic consisting of mainly under-25s. The stats reflect the tangible resurgence of interest in the medium that has been helped, in part, by initiatives like Record Store Day and the Independent Label Market.
While this surge is impressive Resident Advisor have pointed out that while American consumers bought over 13 million records in the last year vinyl sales still only account for a tiny fraction (around seven percent) of the music buying industry as a whole.
(Via: RA)
