
Traditional Music Market Size, Share & Trends Analysis Report By Type (Live Music Events, Tangible Recording Formats), By Region, And Segment Forecasts, 2022 - 2028
Description
Traditional Music Market Size, Share & Trends Analysis Report By Type (Live Music Events, Tangible Recording Formats), By Region, And Segment Forecasts, 2022 - 2028
Traditional Music Market Growth & Trends
The global traditional music market size is projected to reach USD 30.49 billion by 2028, registering a CAGR of 14.4% from
2022 to 2028 according to a new report by Grand View Research, Inc. The growing popularity and acceptance of listening to
traditional music formats across the globe are accelerating market growth. Moreover, the increasing population of youth
worldwide has resulted in younger revelers across the globe who are seeking live performance experiences propelling the
market growth in the forecast period. Furthermore, the increasing demand for music concerts and festival events in emerging
economies is expected to accelerate the market growth during the forecast period.
Moreover, a lockdown situation has been observed during the COVID 19 pandemic, and it showed a negative impact on the
traditional music market due to several restrictions from the government in various countries. In addition to this, many
companies have either postponed the music events to next year or canceled the concerts. Furthermore, the physical recording
of the music was also paused for some time by the recording companies. Additionally, the increasing investment in traditional
music after the ease of several restrictions is expected to boost the market growth in the forecast period.
Live events and music festivals are gaining huge popularity among the generation Z and Millennials which is fueling the
market growth. Big-ticket sponsorships are obtained due to this increasing popularity and they provide high support to these
events hence propelling the market growth. Furthermore, numerous artists are being launched and they gain their audience by
performing in live events as well as launching records which is further driving the market expansion over the forecast
period.
The live music events segment is expected to register the highest CAGR of 19.2% during the forecast period from 2022 to 2028.
The increasing spending on live music events and festival concerts by the people will boost the market growth over the
forecast period. Moreover, the growing popularity of physical events among viewers across the globe is expected to accelerate
market growth. Furthermore, the increasing demand for organized series of concerts for celebrating various festivals has
significantly accelerated the growth of this segment.
North America dominated the market with a revenue share of more than 35% in 2021. The growing penetration of physical
recorded music and live events is accelerating the market growth in this region. Furthermore, the increasing investments in
artists and infrastructure development and networks globally by the various companies is projected market growth over the
upcoming years. Additionally, the increasing adoption of live music concerts in the U.S. is boosting the market growth over
the forecast period.
Traditional Music Market Report Highlights
Traditional Music Market Growth & Trends
The global traditional music market size is projected to reach USD 30.49 billion by 2028, registering a CAGR of 14.4% from
2022 to 2028 according to a new report by Grand View Research, Inc. The growing popularity and acceptance of listening to
traditional music formats across the globe are accelerating market growth. Moreover, the increasing population of youth
worldwide has resulted in younger revelers across the globe who are seeking live performance experiences propelling the
market growth in the forecast period. Furthermore, the increasing demand for music concerts and festival events in emerging
economies is expected to accelerate the market growth during the forecast period.
Moreover, a lockdown situation has been observed during the COVID 19 pandemic, and it showed a negative impact on the
traditional music market due to several restrictions from the government in various countries. In addition to this, many
companies have either postponed the music events to next year or canceled the concerts. Furthermore, the physical recording
of the music was also paused for some time by the recording companies. Additionally, the increasing investment in traditional
music after the ease of several restrictions is expected to boost the market growth in the forecast period.
Live events and music festivals are gaining huge popularity among the generation Z and Millennials which is fueling the
market growth. Big-ticket sponsorships are obtained due to this increasing popularity and they provide high support to these
events hence propelling the market growth. Furthermore, numerous artists are being launched and they gain their audience by
performing in live events as well as launching records which is further driving the market expansion over the forecast
period.
The live music events segment is expected to register the highest CAGR of 19.2% during the forecast period from 2022 to 2028.
The increasing spending on live music events and festival concerts by the people will boost the market growth over the
forecast period. Moreover, the growing popularity of physical events among viewers across the globe is expected to accelerate
market growth. Furthermore, the increasing demand for organized series of concerts for celebrating various festivals has
significantly accelerated the growth of this segment.
North America dominated the market with a revenue share of more than 35% in 2021. The growing penetration of physical
recorded music and live events is accelerating the market growth in this region. Furthermore, the increasing investments in
artists and infrastructure development and networks globally by the various companies is projected market growth over the
upcoming years. Additionally, the increasing adoption of live music concerts in the U.S. is boosting the market growth over
the forecast period.
Traditional Music Market Report Highlights
- Asia Pacific held a considerable share of over 20% in 2021 and is anticipated to expand at a considerable CAGR of
- Live music events segment is expected to foresee the fastest growth, with a CAGR of 19.2% during 2022 to 2028 due to
- Tangible recording formats segment held the second-largest market in share in 2021, contributed more the 35% of the
- Europe is expected to witness the second-fastest growth, with a CAGR of 14.9% in the forecast period. The growth is
Table of Contents
74 Pages
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR’s Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Type Outlook
- 2.3. Regional Outlook
- Chapter 3. Traditional Music Market Variables, Trends & Scope
- 3.1. Market Introduction
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Sales/Retail Channel Analysis
- 3.3.2. Profit Margin Analysis
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Challenges
- 3.4.4. Industry Opportunities
- 3.5. Business Environment Analysis
- 3.5.1. Industry Analysis - Porter’s Five Forces Analysis
- 3.5.1.1. Supplier Power
- 3.5.1.2. Buyer Power
- 3.5.1.3. Substitution Threat
- 3.5.1.4. Threat from New Entrant
- 3.5.1.5. Competitive Rivalry
- 3.6. Roadmap of Traditional Music Market
- 3.7. Market Entry Strategies
- 3.8. Impact of COVID-19
- Chapter 4. Consumer Behavior Analysis
- 4.1. Consumer Trends and Preferences
- 4.2. Factors Affecting Buying Decision
- 4.3. Consumer Type Adoption
- 4.4. Observations & Recommendations
- Chapter 5. Traditional Music Market: Type Estimates & Trend Analysis
- 5.1. Type Movement Analysis & Market Share, 2021 & 2028
- 5.2. Live Music Events
- 5.2.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 5.3. Tangible Recording Formats
- 5.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- Chapter 6. Traditional Music Market: Regional Estimates & Trend Analysis
- 6.1. Regional Movement Analysis & Market Share, 2021 & 2028
- 6.2. North America
- 6.2.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 6.2.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
- 6.2.3. U.S.
- 6.2.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 6.2.3.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
- 6.3. Europe
- 6.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 6.3.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
- 6.3.3. Germany
- 6.3.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 6.3.3.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
- 6.3.4. U.K.
- 6.3.4.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 6.3.4.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
- 6.3.5. France
- 6.3.5.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 6.3.5.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 6.4.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
- 6.4.3. China
- 6.4.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 6.4.3.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
- 6.4.4. Japan
- 6.4.4.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 6.4.4.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
- 6.4.5. India
- 6.4.5.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 6.4.5.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
- 6.5. Central & South America
- 6.5.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 6.5.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
- 6.5.3. Brazil
- 6.5.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 6.5.3.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
- 6.6. Middle East & Africa
- 6.6.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 6.6.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
- 6.6.3. South Africa
- 6.6.3.1. Market Estimates and Forecast, 2017 - 2028 (USD Million)
- 6.6.3.2. Market Estimates and Forecast, By Type, 2017 - 2028 (USD Million)
- Chapter 7. Competitive Analysis
- 7.1. Key Global Players, Recent Developments & their impact on the industry
- 7.2. Key Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
- 7.3. Vendor Landscape
- 7.3.1. Key Company Market Share Analysis, 2021
- Chapter 8. Company Profiles
- 8.1. Sony Group Corp.
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Type Benchmarking
- 8.1.4. Strategic Initiatives
- 8.2. Emi Music Publishing Limited
- 8.2.1. Company Overview
- 8.2.2. Financial Performance
- 8.2.3. Type Benchmarking
- 8.2.4. Strategic Initiatives
- 8.3. Concord Music Group, Inc.
- 8.3.1. Company Overview
- 8.3.2. Financial Performance
- 8.3.3. Type Benchmarking
- 8.3.4. Strategic Initiatives
- 8.4. Universal Music Group, Inc.
- 8.4.1. Company Overview
- 8.4.2. Financial Performance
- 8.4.3. Type Benchmarking
- 8.4.4. Strategic Initiatives
- 8.5. Vivendi SE
- 8.5.1. Company Overview
- 8.5.2. Financial Performance
- 8.5.3. Type Benchmarking
- 8.5.4. Strategic Initiatives
- 8.6. Warner Music Group Corp.
- 8.6.1. Company Overview
- 8.6.2. Financial Performance
- 8.6.3. Type Benchmarking
- 8.6.4. Strategic Initiatives
- 8.7. Ace Ticket Worldwide Inc.
- 8.7.1. Company Overview
- 8.7.2. Financial Performance
- 8.7.3. Type Benchmarking
- 8.7.4. Strategic Initiatives
- 8.8. Alliance Tickets
- 8.8.1. Company Overview
- 8.8.2. Financial Performance
- 8.8.3. Type Benchmarking
- 8.8.4. Strategic Initiatives
- 8.9. Bassett Events
- 8.9.1. Company Overview
- 8.9.2. Financial Performance
- 8.9.3. Type Benchmarking
- 8.10. Brown Paper Tickets LL
- 8.10.1. Company Overview
- 8.10.2. Financial Performance
- 8.10.3. Type Benchmarking
- 8.11. Eventbrite Inc.
- 8.11.1. Company Overview
- 8.11.2. Financial Performance
- 8.11.3. Type Benchmarking
- 8.12. RazorGator LLC
- 8.12.1. Company Overview
- 8.12.2. Financial Performance
- 8.12.3. Type Benchmarking
- 8.13. Ticketmaster Entertainment Inc.
- 8.13.1. Company Overview
- 8.13.2. Financial Performance
- 8.13.3. Type Benchmarking
- 8.13.4. Strategic Initiatives
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