Of all the people I know, work family and friends I'm the only one into hifi and collecting physical media.
I have a few theories why more youths haven't taken on this Hobbie. 1) it's wildly overpriced 2) whenever people talk about quality recordings its always some out dated music pre 80s (which I find many modern albums today have excellent pressing/recordings) 3) the majority of people actively partaking in hifi are older men 4) understanding a main point of hifi is to get as close to real music as possible yet most youth of today do not play and instrument so they can't appreciate the chase of accurately reproducing music 5) streamers are not engaging, only interests I see from younger generations is in turntables so as the market pushes more streamers and even solid state equipment we risk losing them to their phones and a single Bluetooth speaker. Anyways that's what I see happening. Unless the hobby turns its attention to invite the youth this will remain a very niche group and many companies will go under from lack of sales in tbe near future.