Both are dependent upon the other, and as worldwide sales of LPs hit upwards of 3 million copies in 2016 according to several news outlets, turntable manufacturers saw demand for their products rise in kind.
According to SEV Litovel – the manufacturer referred to as the largest producer of quality turntables in the world, and which provides Pro-Ject Audio with a number of models – the company’s production rose four-fold in the seven years between 2009, and 2016 to more than 124,000 ‘tables.
Jiri Mencl, the managing director of SEV Litovel, said the company opened a new $7.2 million USD turntable production facility this year in order to keep pace with demand, and expects approximately 400 employees to build 150,000 units – ranging in price from $2,000 to $10,000 USD – within three years.
Original article HERE.
–Rafe Arnott
Tubes and Valves, to go along with all these turntables, would surge 400% too if not so bleeping expensive and better promoted, er marketed, in my expert opinion.
Analog Man in a Digital World
8 BILLION people on the planet…..3 million records……that really is an irrelevant product, don’t ya think! Between VW, TOYota GM is about 30 Million vehicles in one year! A lot more in vehicles than a stamped piece of plastic
What an astute comment!
Cell phone companies sell 1.5 billion devices per year, does this mean car manufacturers should halt production humbled by the numbers?
I think it important to read reviews on all these, both new and existing models, before purchasing. One recently reviewed new entry was done so by a noted reviewed as needing a few mechanical areas corrected. He was kind by putting it to a growing process. I personally do no wish the be in that companies growing process.
30 million+ vehicles from just 3 big mfgs is a lot more products than 3 million from how many mfgs? Wake up, Remember when one band say, the Beatles sold how many Millions of one album introduced? Vinyl records are smaller than a niche market. It’s a fad, like pet rocks where. Philips alone sold over 1 Billion + lamps in one year, one factory makes 500,000 TL lamps a DAY! should Cell phone makers halt production? That’s 1 mfg! Then GE and Osram sell more. No matter how anyone spins it, vinyl records are a dead, obsolete item…mass production and volume on consumer products matter. See why $3 records are now $30-$45 and even absurdly more
150 million cell phones from just Apple and Samsung is a lot more than 30 million from 3 big mfgs.. You still don’t get it, eh?