Are CDs Making a Comeback? A Statistical Analysis

Reports of the compact disc's death may have been slightly premature, according to a new analysis from Stat Significant that finds CD sales as a share of U.S. music industry revenue have quietly stabilized after years of steep decline. RIAA data shows CD revenue share fell from 7.15% in 2018 to 3.04% in 2022 but has since flatlined at roughly 3%, coming in at 3.14% in 2023 and 3.06% in 2024. Google search traffic for "CD Player" has ticked upward over the past 16 months after two decades of near-continuous decline, and a May 2023 YouGov poll found 53% of American adults willing to pay for music on CDs -- ahead of vinyl at 44% and online streaming at 50%. Respondents under 45 were more likely to express interest in buying physical formats than older cohorts. But on the supply side, Discogs data shows vinyl remains the dominant format for new physical releases; artists have not meaningfully shifted back toward CD production.

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