Vinyl Album Sales Continue Surprising Comeback in US for 17th Consecutive Year

Vinyl album sales in the United States have grown for the 17th consecutive year, according to Luminate’s 2022 Year-End Music Report. 43.5 million LPs were sold in the U.S. last year, which is a 48-fold increase compared to 2006, when the vinyl comeback began. While LPs accounted for 43% of album sales in the United States last year, when factoring in streaming and downloads of single tracks, the number drops to less than 5% of album equivalent music consumption. Despite this, it is interesting to see a hundred-year-old technology make a comeback in the digital age and it appears that physical goods still hold value for many people. Additionally, it seems that vinyl LPs have become a bit of a collector’s item for fans, with only 50% of vinyl buyers actually having a record player.

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