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UK vinyl sales reach 25-year high

Vinyl recording is going to be a 'billion dollar' industry
UK vinyl sales reach 25-year high

Last year people bought more than 3.2 million vinyls in Britain, marking a 53% rise compared to 2015 and the highest annual total since 1991. It is the ninth year in a row that there’s been a growth in vinyl sales in the country, Joinfo.com reports with reference to Digital Spy.

David Bowie’s final album “Blackstar” was the most popular vinyl, selling more than double last year’s top seller (Adele’s 25), and the late music icon had four other albums featuring in the Top 30 best-sellers.

Amy Winehouse’s Back to Black was the second-most popular vinyl recording in 2016 and over 30 titles sold more than 10,000 copies during the year, up on only 10 titles in 2015.

The growth means that vinyl albums account for nearly five per cent of the albums market and, according to Deloitte, the sector is on course to become a billion dollar industry.

“Vinyl should account for almost a fifth of the sales of physical music products in 2017 and around 7 per cent of the $15bn that the global music industry is expected to take,” they claimed.

However, to put the figures into context, while 2017 will likely see vinyl sales of around 40 million, back in 1981 more than one billion albums were sold.

“Vinyl is unlikely to ever be music’s major growth or profit engine, with the future of music squarely focused on digital,” Deloitte added.

See also: RokBlok is the world’s smallest wireless portable record player.