According to deloitte new vinyl records and revenue will enjoy a seventh consecutive year of double digit growth in 2017.
Deloitte vinyl records.
Deloitte predicts that sales of vinyl records turntables and accessories will approach 1bn 800m globally this year.
The strength of deloitte s records and information management team is its people.
This would be the first time they ve been that high since the turn of the century.
The practice consists of professionals with extensive practical and consultative experience in the field of records management.
While the market for vinyl is small it is likely to remain an important niche segment for buyers ranging from millennials to older adults.
Further cooling things deloitte also says that vinyl records will never be the main event.
Vinyl sales are at a 25 year high and according to one report they ll continue to grow this year.
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Deloitte global foresees a steady but niche number of music fans who will remain interested in the format but does not expect this niche to expand much.
Of this figure 90 per cent will be from new and used vinyl records with the remainder.
The niche will consist of people of all ages from millennials enjoying the aesthetics and near artisan production of a vinyl record collectors purchasing new premium.
But the slice of the pie is still a very small one with broader music.
With the addition of used vinyl discs record players and accessories global revenue from vinyl related products is expected to reach nearly 1 billion in 2017 deloitte global predicts.
The records and information management group of deloitte understands this and offers a multidisciplinary approach to the governance and management of organizational records.
This year approximately 40 million new vinyl records will be sold generating roughly 800 million according to a forecast by deloitte global.
Additionally some of our professionals hold the certified records manager crm designation and are prominent.
Deloitte global predicts sales of vinyl records and accessories will reach an estimated 1 billion in 2017 making up about 6 percent of global music revenues.
Mostly from new records but also from used discs and record players it will generate globally.
