Vinyl’s Continued Rise: 2023 Is No Exception

Vinyl’s story in the music world is an extraordinary one, and it’s far from just a temporary comeback. For over 16 years, we’ve seen a steady, significant increase in vinyl sales, with 2023 marking another milestone. The market size reached $1.8 billion this year, a clear indication that vinyl is not just back – it’s a mainstay in the music industry.

The increase in vinyl’s popularity isn’t just a broad market trend; it’s mirrored in our own experience. Here at Vinyl Tavern we’ve seen our average vinyl price double since 2022 (remember, we sell 100% used vinyl at this time.) This isn’t just growth; it’s a testament to the value and demand that vinyl holds today.

Why are we seeing such a strong and sustained interest in vinyl? In 2023 alone, there’s been a 21.7% increase in vinyl sales in the first half of the year. It’s not just about the nostalgia or the unique sound quality. Vinyl represents something more – a tangible connection to music, an appreciation of the art form in its most physical sense.

Notably, many vinyl purchasers aren’t even spinning these records on turntables. They’re buying vinyl for its visual and collectible appeal. This trend underscores vinyl’s role not just as a music medium, but as a cultural artifact, a piece of art that resonates with its owner on multiple levels.

Among various music genres, EDM fans are leading the charge, spending 63% more on music than the average listener in the U.S. This enthusiasm is indicative of a broader shift in how music is consumed and valued – it’s more than listening; it’s about a deeper engagement with the music.

Looking forward, the projections are optimistic. The market could reach around $3.4 billion by 2032. This continuous growth isn’t a fleeting phase; it’s evidence of a deep, enduring relationship between music lovers and vinyl.

In our corner of the music world, we’re proud to be a part of this enduring vinyl narrative. Our focus on used vinyl isn’t just a business; it’s a passion for preserving and sharing musical history. As vinyl continues to thrive in the digital age, we stand committed to providing our customers with not just records, but pieces of musical heritage.

So, whether you’re a seasoned vinyl collector or just dipping your toes into this rich world, the message is clear: vinyl is here to stay. It’s a dynamic, ever-evolving part of the music industry, and we’re excited to be on this journey, discovering and sharing the timeless allure of vinyl records.

2024 is shaping up to be a big year for the Vinyl Tavern. We are making plans and hope to share some fun news soon. Thanks for the support!

Jason