What do the statistics say about the age of Audiophiles and the replacement rate?


I'm unable to verify this so I'd like some guidance.  I have a family member who is an authorized dealer of some really nice product lines (ARC, Magnepan, Sonus, Bryston).   

He won't confirm or deny my hunch, but at his shop I see mostly older white, affluent men. I see very few middle age men and no men in their 20s.  I don't keep all shop hours, but I do spend about 15 hrs./wk. there.  My relative won't show me his sales demographic but I can see with my own eyes.

So my question is this:  Is there an equivalent replacement stream of new blood entering the Audiophile world or not? Do you have statistical proof? 

If the universe of Audiophiles (supposedly 20,000 in the lower 48) is indeed shrinking where does that leave the manufacturers and dealers? 

yesiam_a_pirate

I have had a very similar discussion / debate with many others in the ’vintage’ audiophile community... you know, the ones that have storage lockers filled with 50 - 60 year old equipment and won’t part with any of it because it is an "investment"...

Mark my words. In the next 10 - 20 years the vintage branch of the HiFi market will dry up faster than that firewood you have stacked up next to your garage. And the vast majority of these ’investments’ won’t be worth the cost of having 1-800-GOT JUNK come and take it all away (which is what your kids are going to do after you are gone...) And I would think similar to the modern audiophile industry as well.

Look at the ’musclecar’ market on a large scale to see what the future holds. Yeah, if you have a fully restored Hemi Superbird or a 70 Chevelle SS LS6 you are still golden... but that 1969 Nova with the 350 that cost you 20K to do a full-on rotisserie resto in 2015..? You aren’t even going to recoup that 5 -year old restoration bill anymore... in fact, you would be luck to get back HALF that cost today.

Now, in fairness, there will ALWAYS be at least some demand and interest in the most high end and rarest audio equipment, whether of the vintage or modern variety (or classic musclecars, for that matter). And there will always be high net worth individuals willing to spend a premium in order to acquire said equipment. But all those folks with the Marantz receivers and the 1980 Klipsch Heresy speakers and the JBL 100s, etc. who think they are sitting on a goldmine of ever increasing value...

IMO the time to sell and get what you can is fast approaching. Holding for longer than maybe another 5 years will almost certainly bring no better than current prices - and quite possibly you will have missed the peak, and maybe even less than today’s pricing.

There just won’t be as many people interested in this stuff anymore. Period.

https://youtu.be/Pz5tSjE4afM?si=L7LgeRRzwAWwRLnE

Saw this videos along with the most popular comments. The future of audio looks very gloomy. A lot of the younglings are lured into the Reddit and ASR cult. Getting brainwashed by the dark side of measurements.

Do you have statistical proof? 
 

Theres small glimpses here and there, but overall statistics of the hobby are hard to find since everything is compartmentalized. Last year I had mentioned that it seems like a meta-analysis of some kind would be useful. A few years ago the average age of members on this forum was 61. A poll on reddit's r/audiophile showed that 354 members were under 40, while 254 were over 50. Another poll from the same subreddit reveled that out of 516 participants, a strong majority were also members of ASR, while few belonged to Audiogon or other forums. 

As previous members mentioned, there seems to be younger crowds in forums such as Head-Fi, ASR, and Reddit. The variables that could potentially be impacting this hobby and its future have already been mentioned; there’s likely a multitude of reasons. My suspicion with limited confidence:

- Too many competing distractions and financial obligations

- Cost of living, student loans, and housing

- Portability of music services that also offer personalization (double-edged sword)

I also feel that if there wasn’t an issue or concern about the future, we wouldn’t be questioning or discussing - not only on this forum, but other forums as well.

I think this hobby is going to look rather different in the next 25 to 50 years. I often question what Audiogon Forums will look like and whether enthusiasts will refer back to tap forgotten knowledge and experiences that have dissolved into the ether.