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.
Deloitte vinyl records.
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This would be the first time they ve been that high since the turn of the century.
Vinyl sales are at a 25 year high and according to one report they ll continue to grow this year.
The records and information management group of deloitte understands this and offers a multidisciplinary approach to the governance and management of organizational records.
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Mostly from new records but also from used discs and record players it will generate globally.
According to deloitte new vinyl records and revenue will enjoy a seventh consecutive year of double digit growth in 2017.
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Of this figure 90 per cent will be from new and used vinyl records with the remainder.
Further cooling things deloitte also says that vinyl records will never be the main event.
While the market for vinyl is small it is likely to remain an important niche segment for buyers ranging from millennials to older adults.
Of all physical music sales 6 of all recorded music revenues deloitte predicts deloitte refers to one or more of deloitte touche tohmatsu limited a uk private company limited by guarantee dttl its network of member firms and their related.
Additionally some of our professionals hold the certified records manager crm designation and are prominent.
We provide benefit to our clients by leveraging the broad multidisciplinary skills and the extensive experience of our practice to create solutions configured to help.
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.
But the slice of the pie is still a very small one with broader music.
The strength of deloitte s records and information management team is its people.
This year approximately 40 million new vinyl records will be sold generating roughly 800 million according to a forecast by deloitte global.
Instead wax will always play second fiddle to digital which is at the start of its own mega explosion.
Deloitte predicts that sales of vinyl records turntables and accessories will approach 1bn 800m globally this year.