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Published on The Music Network, May 27, 2024 by Alli Galloway 

There are five core reasons that music enthusiasts continue to embrace vinyl, underscoring the trend that has seen record sales climb impressively over the past decade.

According to ARIA, sales of vinyl albums in 2023 saw a significant increase, rising 14.1% to reach $42.1 million. In 2023, vinyl accounted for 70% of the total physical sales revenue in Australia, and 42% of the physical sales volume. This boost from vinyl led to a 2.9% increase in the combined revenue from all physical products which is remarkable considering that, at the same time, CDs declined by 16% and DVDs by 33%.

Globally, the trend continues.

Vinyl.com: Trends that have seen record sales climb impressively over the past decade.