The resurrection of vinyl is now officially more than a fad. It’s a long-term trend. We’ve seen double-digit growth year after year since 2008. Vinyl sales are up by 25% over last year in many countries.
But here’s an interesting stat: almost half of vinyl buyers never play what they buy. About 7% of vinyl purchasers don’t even own a turntable. What’s going on? It’s the age-old human need to collect stuff.
While most people actually listen to the vinyl records they buy, others just want to own them like hockey cards, Beanie Babies or charms for a bracelet. It’s no different than collecting rare guitars that you will never play or classic cars you will never drive. People like to acquire stuff. And now that we know this, watch the record industry provide more product that’s even more collectible.