Vinyl gains popularity: record market grows in Germany
Vinyl gains popularity: record market grows in Germany
Berlin (dpa) - The developments on the German music market show an exciting trend that includes both the return of records and the unbroken growth of digital music offers. According to the current figures of the Federal Association of Music Industry, which were published in Berlin, sales in the first half of 2024 exceeds the billion mark and impressively demonstrates the dynamic nature of the industry.
increase in total sales
In the period from January to the end of June, the music industry had a turnover of 1.136 billion euros. This corresponds to an increase of 7.6 percent compared to the same period last year, when sales were EUR 1.056 billion. These numbers prove the growing interest of consumers in different music formats.
popularity of vinyl
The continuous growth of vinyl sales is particularly striking. With an increase of 5.4 percent in the first half of 2024, Vinyl achieved a market share of 5.9 percent. This shows that records not only remain a niche product, but are increasingly popular with music enthusiasts.digital offers dominate the market
Nevertheless, the majority, namely over 85 percent of sales, are eliminated on digital music applications. Audio streaming is the main actor, whose demand among music fans continues to grow sharply. This reflects the change in consumer behavior and the changing preferences of the listeners in the digital age.
Complementary relationship between digital and physical media
Florian Drets, the CEO of the Federal Association of Music Industry, emphasizes the complementarity of physical and digital formats: "The continuing upward curve of vinyl illustrates that the physical and digital world remains complementary and interact with each other." Fans listen to music in a variety of ways, which underlines the versatility and flexibility of today's music culture.
outlook on the future of the music industry
The numbers and trends of the current report make it clear that the music industry is in transition. The combination of progressive digitization and return to the analog record shows that there is a room for both formats. This is not only important for manufacturers and providers, but also for consumers who are increasingly attaching more importance to diversity and quality of their music hearing experiences.
- Nag
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