Current Status
Groove recordings, first designed in the final quarter of the 19th century, held a predominant position for nearly a century—withstanding competition from reel-to-reel tape, the 8-track cartridge, and the compact cassette. However, in 1988, the compact disc surpassed the gramophone record in popularity. Vinyl records experienced a sudden decline in popularity between 1988 and 1991, when the major label distributors restricted their return policies, which retailers had been relying on to maintain and swap out stocks of relatively unpopular titles. First the distributors began charging retailers more for new product if they returned unsold vinyl, and then they stopped providing any credit at all for returns. Retailers, fearing they would be stuck with anything they ordered, only ordered proven, popular titles that they knew would sell, and devoted more shelf space to CDs and cassettes. Record companies also deleted many vinyl titles from production and distribution, further undermining the availability of the format and leading to the closure of pressing plants. This rapid decline in the availability of records accelerated the format's decline in popularity, and is seen by some as a deliberate ploy to make consumers switch to CDs, which were more profitable for the record companies.
In spite of their flaws, such as the lack of portability, records still have enthusiastic supporters. Vinyl records continue to be manufactured and sold today, especially by independent rock bands and labels, although record sales are considered to be a niche market composed of audiophiles, collectors, and DJs. Old records and out of print recordings in particular are in much demand by collectors the world over. (See Record collecting.) Many popular new albums are given releases on vinyl records and older albums are also given reissues as well, sometimes on audiophile grade vinyl with high quality sleeves.
In the United Kingdom, the popularity of indie rock caused sales of new vinyl records (particularly 7 inch singles) to increase significantly in 2006, briefly reversing the downward trend seen during the 1990s.
In the United States, annual vinyl sales increased by 85.8% between 2006 and 2007, and by 89% between 2007 and 2008.
Many electronic dance music and hip hop releases today are still preferred on vinyl; however, digital copies are still widely available. This is because for disc jockeys ("DJs"), vinyl has an advantage over the CD: direct manipulation of the medium. DJ techniques such as slip-cueing, beatmatching, and scratching originated on turntables. With CDs or compact audio cassettes one normally has only indirect manipulation options, e.g., the play, stop, and pause buttons. With a record one can place the stylus a few grooves farther in or out, accelerate or decelerate the turntable, or even reverse its direction, provided the stylus, record player, and record itself are built to withstand it. However, many CDJ and DJ advances, such as DJ software and time-encoded vinyl, now have these capabilities and more.
Figures released in the United States in early 2009 showed that sales of vinyl albums nearly doubled in 2008, with 1.88 million sold — up from just under 1 million in 2007. Sales have continued to rise into the 2010s, with around 2.8 million sold in 2010, which is the most sales since record keeping began in 1991, when vinyl had been overshadowed by Compact Cassettes and Compact Discs.
| Countries | 2007 | 2008 | 2009 | 2010 | 2011 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Global Trade Value $US (SP&LP) |
$55m | $66m | $73m | $89m | $116m | |||||||||
| Australia (SP/LP) |
10,000 | 17,996 | 10,000 | 19,608 | 10,000 | 53,766 | 13,677 | 39,644 | 13,637 | 44,876 | ||||
| Germany (SP&LP) |
400,000 | 700,000 | 1,200,000 | 635,000 (LPs only) |
700,000 (LPs only) |
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| Finland (SP&LP) |
10,301 | 13,688 | 15,747 | 27,515 | 54,970 | |||||||||
| Hungary (LP) |
2,974 | 2,923 | 3,763 | 1,879 | 8,873 | |||||||||
| Japan (SP&LP) |
- | - | 103,000 | 105,000 | - | |||||||||
| Netherlands (LP) |
- | - | 51,000 | 60,400 | 81,000 | |||||||||
| Spain (LP) |
- | 40,000 | 106,000 | 97,000 | 141,000 | |||||||||
| United Kingdom (SP/LP) |
1,843,000 | 205,000 | 740,000 | 209,000 | 332,000 | 219,000 | 219,000 | 234,000 | 186,000 | 337,000 | ||||
| United States (LP) |
988,000 | 1,880,000 | 2,500,000 | 2,800,000 | 3,900,000 | |||||||||
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Read more about this topic: Gramophone Record
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