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Vinyl record sales outperformed CDs in 2022.  The niche might never die but will be  very small compared to what it was. CDs went from over 800 Million at peak  to just 33 in 2022.

Vinyl record sales outperformed CDs in the US for the first time since 1987, according to a new report.

Just over 41 million vinyl records were sold in 2022, to the tune of $1.2bn (£.99bn). Only 33 million CDs were sold, amounting to $483m.

Full BBC news article : https://www.bbc.com/news/64919126

For reference here is a history of CD albums sales.