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Music Recording Global Market Report 2021: COVID-19 Impact and Recovery to 2030

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    Report

  • January 2021
  • Region: Global
  • The Business Research Company
  • ID: 5238055

FEATURED COMPANIES

  • Sony Music
  • Universal Music Group
  • Warner Music
Music Recording Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global music recording market as it emerges from the COVID-19 shut down.







Reasons to Purchase
  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for music recording? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Music Recording market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider music recording market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The music recording market section of the report gives context. It compares the music recording market with other segments of the film and music market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, music recording indicators comparison.

Scope

Markets Covered:
1) By Type: Record Production; Music Publishers; Record Distribution; Sound Recording Studios
2) By Application: Mechanical; Performance; Synchronization; Digital; Others
3) By End-User: Individual; Commercial
4) By Genre: Rock; Hip hop; Pop; Jazz; Others

Companies Mentioned: Universal Music Group; Sony Music; Warner Music

Metrics Covered: Number of Enterprises; Number of Employees

Countries: Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita, music recording indicators comparison.

Data segmentations: Country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Frequently Asked Questions about the Global Music Recording Market

What is the estimated value of the Global Music Recording Market?

The Global Music Recording Market was estimated to be valued at $57.1 billion in 2021.

What is the growth rate of the Global Music Recording Market?

The growth rate of the Global Music Recording Market is 6.8%, with an estimated value of $74.1 billion by 2025.

What is the forecasted size of the Global Music Recording Market?

The Global Music Recording Market is estimated to be worth $74.1 billion by 2025.

Who are the key companies in the Global Music Recording Market?

Key companies in the Global Music Recording Market include Universal Music Group and Warner Music.

FEATURED COMPANIES

  • Sony Music
  • Universal Music Group
  • Warner Music

1. Executive Summary2. Report Structure
3. Music Recording Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Music Recording Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Music Recording Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Music Recording Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Music Recording Market Trends and Strategies8. Impact of COVID-19 on Music Recording
9. Music Recording Market Size and Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers of the Market
9.2.2. Restraints on the Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers of the Market
9.3.2. Restraints on the Market
10. Music Recording Market Regional Analysis
10.1. Global Music Recording Market, 2020, by Region, Value ($ Billion)
10.2. Global Music Recording Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
10.3. Global Music Recording Market, Growth and Market Share Comparison, by Region
11. Music Recording Market Segmentation
11.1. Global Music Recording Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Record Production
  • Music Publishers
  • Record Distribution
  • Sound Recording Studios
11.2. Global Music Recording Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Mechanical
  • Performance
  • Synchronization
  • Digital
  • Others
11.3. Global Music Recording Market, Segmentation by End-User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Individual
  • Commercial
11.4. Global Music Recording Market, Segmentation by Genre, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
  • Rock
  • Hip hop
  • Pop
  • Jazz
  • Others

12. Music Recording Market Metrics
12.1. Music Recording Market Size, Percentage of GDP, 2015-2025, Global
12.2. Per Capita Average Music Recording Market Expenditure, 2015-2025, Global
13. Asia-Pacific Music Recording Market
13.1. Asia-Pacific Music Recording Market Overview
  • Region Information, Impact of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
13.2. Asia-Pacific, Music Recording Market, 2020, by Country, Value ($ Billion)
13.3. Asia-Pacific, Music Recording Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
13.4. Asia-Pacific, Music Recording Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
13.5. Asia-Pacific, Music Recording Market Metrics
13.5.1. Per Capita Average Music Recording Expenditure, 2015-2025, Asia-Pacific Countries
13.5.2. Number of Enterprises, Music Recording Market, Music Recording Market/Number of Enterprises, 2020, Asia-Pacific Countries
13.5.3. Number of Employees, Music Recording Market, Music Recording Market/Number of Employees, 2020, Asia-Pacific Countries
13.6. Asia-Pacific Music Recording Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7. Asia-Pacific Music Recording Market: Country Analysis
13.7.1. China Music Recording Market
13.7.1.1. China Music Recording Market Overview
13.7.1.2. China Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.1.3. China Music Recording Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.2. Australia Music Recording Market
13.7.2.1. Australia Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.2.2. Australia Music Recording Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.3. Hong Kong Music Recording Market
13.7.3.1. Hong Kong Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.4. India Music Recording Market
13.7.4.1. India Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.4.2. India Music Recording Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.5. Indonesia Music Recording Market
13.7.5.1. Indonesia Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.5.2. Indonesia Music Recording Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.6. Japan Music Recording Market
13.7.6.1. Japan Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.6.2. Japan Music Recording Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.7. Malaysia Music Recording Market
13.7.7.1. Malaysia Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.8. New Zealand Music Recording Market
13.7.8.1. New Zealand Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.9. Philippines Music Recording Market
13.7.9.1. Philippines Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.10. Singapore Music Recording Market
13.7.10.1. Singapore Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.11. South Korea Music Recording Market
13.7.11.1. South Korea Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.11.2. South Korea Music Recording Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.12. Thailand Music Recording Market
13.7.12.1. Thailand Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
13.7.13. Vietnam Music Recording Market
13.7.13.1. Vietnam Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14. Western Europe Music Recording Market
14.1. Western Europe Music Recording Market Overview
14.2. Western Europe, Music Recording Market, 2020, by Country, Value ($ Billion)
14.3. Western Europe, Music Recording Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
14.4. Western Europe, Music Recording Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
14.5. Western Europe, Music Recording Market Metrics
14.5.1. Per Capita Average Music Recording Expenditure, 2015-2025, Western Europe Countries
14.5.2. Number of Enterprises, Music Recording Market, Music Recording Market/Number of Enterprises, 2020, Western Europe Countries
14.5.3. Number of Employees, Music Recording Market, Music Recording Market/Number of Employees, 2020, Western Europe Countries
14.6. Western Europe Music Recording Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7. Western Europe Music Recording Market: Country Analysis
14.7.1. Austria Music Recording Market
14.7.1.1. Austria Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.2. Belgium Music Recording Market
14.7.2.1. Belgium Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.3. Denmark Music Recording Market
14.7.3.1. Denmark Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.4. Finland Music Recording Market
14.7.4.1. Finland Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.5. France Music Recording Market
14.7.5.1. France Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.5.2. France Music Recording Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.6. Germany Music Recording Market
14.7.6.1. Germany Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.6.2. Germany Music Recording Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.7. Ireland Music Recording Market
14.7.7.1. Ireland Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.8. Italy Music Recording Market
14.7.8.1. Italy Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.9. Netherlands Music Recording Market
14.7.9.1. Netherlands Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.10. Norway Music Recording Market
14.7.10.1. Norway Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.11. Portugal Music Recording Market
14.7.11.1. Portugal Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.12. Spain Music Recording Market
14.7.12.1. Spain Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.13. Sweden Music Recording Market
14.7.13.1. Sweden Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.14. Switzerland Music Recording Market
14.7.14.1. Switzerland Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.15. UK Music Recording Market
14.7.15.1. UK Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
14.7.15.2. UK Music Recording Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15. Eastern Europe Music Recording Market
15.1. Eastern Europe Music Recording Market Overview
15.2. Eastern Europe, Music Recording Market, 2020, by Country, Value ($ Billion)
15.3. Eastern Europe, Music Recording Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
15.4. Eastern Europe, Music Recording Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
15.5. Eastern Europe, Music Recording Market Metrics
15.5.1. Per Capita Average Music Recording Expenditure, 2015-2025, Eastern Europe Countries
15.5.2. Number of Enterprises, Music Recording Market, Music Recording Market/Number of Enterprises, 2020, Eastern Europe Countries
15.5.3. Number of Employees, Music Recording Market, Music Recording Market/Number of Employees, 2020, Eastern Europe Countries
15.6. Eastern Europe Music Recording Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7. Eastern Europe Music Recording Market: Country Analysis
15.7.1. Czech Republic Music Recording Market,
15.7.1.1. Czech Republic Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.2. Poland Music Recording Market
15.7.2.1. Poland Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.3. Romania Music Recording Market
15.7.3.1. Romania Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.4. Russia Music Recording Market
15.7.4.1. Russia Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
15.7.4.2. Russia Music Recording Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16. North America Music Recording Market
16.1. North America Music Recording Market Overview
16.2. North America, Music Recording Market, 2020, by Country, Value ($ Billion)
16.3. North America, Music Recording Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
16.4. North America, Music Recording Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
16.5. North America, Music Recording Market Metrics
16.5.1. Per Capita Average Music Recording Expenditure, 2015-2025, North America Countries
16.5.2. Number of Enterprises, Music Recording Market, Music Recording Market/Number of Enterprises, 2020, North America Countries
16.5.3. Number of Employees, Music Recording Market, Music Recording Market/Number of Employees, 2020, North America Countries
16.6. North America Music Recording Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7. North America Music Recording Market: Country Analysis
16.7.1. Canada Music Recording Market
16.7.1.1. Canada Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.2. Mexico Music Recording Market
16.7.2.1. Mexico Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.3. USA Music Recording Market
16.7.3.1. USA Music Recording Market Overview
16.7.3.2. USA Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
16.7.3.3. USA Music Recording Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17. South America Music Recording Market
17.1. South America Music Recording Market Overview
17.2. South America, Music Recording Market, 2020, by Country, Value ($ Billion)
17.3. South America, Music Recording Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
17.4. South America, Music Recording Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
17.5. South America, Music Recording Market Metrics
17.5.1. Per Capita Average Music Recording Expenditure, 2015-2025, South America Countries
17.5.2. Number of Enterprises, Music Recording Market, Music Recording Market/Number of Enterprises, 2020, South America Countries
17.5.3. Number of Employees, Music Recording Market, Music Recording Market/Number of Employees, 2020, South America Countries
17.6. South America Music Recording Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7. South America Music Recording Market: Country Analysis
17.7.1. Argentina Music Recording Market
17.7.1.1. Argentina Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.2. Brazil Music Recording Market
17.7.1.1. Brazil Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.2.2. Brazil Music Recording Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.3. Chile Music Recording Market
17.7.3.1. Chile Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.4. Colombia Music Recording Market
17.7.4.1. Colombia Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.5. Peru Music Recording Market
17.7.5.1. Peru Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
17.7.6. Venezuela Music Recording Market
17.7.6.1. Venezuela Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18. Middle East Music Recording Market
18.1. Middle East Music Recording Market Overview
18.2. Middle East, Music Recording Market, 2020, by Country, Value ($ Billion)
18.3. Middle East, Music Recording Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
18.4. Middle East, Music Recording Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
18.5. Middle East, Music Recording Market Metrics
18.5.1. Per Capita Average Music Recording Expenditure, 2015-2025, Middle East Countries
18.5.2. Number of Enterprises, Music Recording Market, Music Recording Market/Number of Enterprises, 2020, Middle East Countries
18.5.3. Number of Employees, Music Recording Market, Music Recording Market/Number of Employees, 2020, Middle East Countries
18.6. Middle East Music Recording Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7. Middle East Music Recording Market: Country Analysis
18.7.1. Saudi Arabia Music Recording Market
18.7.1.1. Saudi Arabia Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.2. Israel Music Recording Market
18.7.2.1. Israel Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.3. Turkey Music Recording Market
18.7.3.1. Turkey Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
18.7.4. UAE Music Recording Market
18.7.4.1. UAE Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19. Africa Music Recording Market
19.1. Africa Music Recording Market Overview
19.2. Africa, Music Recording Market, 2020, by Country, Value ($ Billion)
19.3. Africa, Music Recording Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Country
19.4. Africa, Music Recording Market, 2015-2020, 2020-2025F, 2030F, Growth and Market Share Comparison, by Country
19.5. Africa, Music Recording Market Metrics
19.5.1. Per Capita Average Music Recording Expenditure, 2015-2025, Africa Countries
19.5.2. Number of Enterprises, Music Recording Market, Music Recording Market/Number of Enterprises, 2020, Africa Countries
19.5.3. Number of Employees, Music Recording Market, Music Recording Market/Number of Employees, 2020, Africa Countries
19.6. Africa Music Recording Market, Segmentation by Type, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7. Africa Music Recording Market: Country Analysis
19.7.1. Egypt Music Recording Market
19.7.1.1. Egypt Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7.2. Nigeria Music Recording Market
19.7.2.1. Nigeria Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
19.7.3. South Africa Music Recording Market
19.7.3.1. South Africa Music Recording Market, 2015-2020, 2020-2025F, 2030F, Value ($ Billion)
20. Music Recording Market Competitive Landscape
20.1. Competitive Market Overview
20.2. Market Shares
20.3. Company Profiles
20.3.1. Universal Music Group
20.3.1.1. Company Overview
20.3.1.2. Products and Services
20.3.1.3. Strategy
20.3.1.4. Financial Performance
20.3.2. Sony Music
20.3.2.1. Company Overview
20.3.2.2. Products and Services
20.3.2.3. Strategy
20.3.2.4. Financial Performance
20.3.3. Warner Music
20.3.3.1. Company Overview
20.3.3.2. Products and Services
20.3.3.3. Strategy
20.3.3.4. Financial Performance
20.3.4.
20.3.4.1. Company Overview
20.3.4.2. Products and Services
20.3.4.3. Strategy
20.3.4.4. Financial Performance
20.3.5.
20.3.5.1. Company Overview
20.3.5.2. Products and Services
20.3.5.3. Strategy
20.3.5.4. Financial Performance
21. Key Mergers and Acquisitions in the Music Recording Market
22. Market Background: Film and Music Market
22.1. Film and Music Market Characteristics
22.2. Film and Music Market Historic and Forecast, 2015-2020, 2020-2025F, 2030F Growth, by Segment, Value ($ Billion), Global
22.3. Global Film and Music Market, 2020, by Region, Value ($ Billion)
22.4. Global Film and Music Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region
22.5. Global Film and Music Market, 2015-2020, 2020-2025F, 2030F, Segmentation by Type, Value ($ Billion)
23. Recommendations
23.1. Global Music Recording Market in 2025- Growth Countries
23.2. Global Music Recording Market in 2025- Growth Segments
23.3. Global Music Recording Market in 2025- Growth Strategies
24. Appendix
24.1. NAICS Definitions of Industry Covered in This Report
24.2. Abbreviations
24.3. Currencies
24.4. Research Inquiries
24.5. About the Publisher
25. Copyright and Disclaimer

FEATURED COMPANIES

  • Sony Music
  • Universal Music Group
  • Warner Music
Major companies in the music recording market include Universal Music Group; Sony Music and Warner Music.

The global music recording market is expected to grow from $54. 22 billion in 2020 to $57. 05 billion in 2021 at a compound annual growth rate (CAGR) of 5. 2%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $74. 11 billion in 2025 at a CAGR of 7%.

The music recording market consists of the revenues from the production and distribution of musical recordings, from publishing music, or from providing sound recording and related services earned by entities (organizations, sole traders and partnerships) that are in the music recording industry. The music recording market is segmented into record production; music publishers; record distribution and sound recording studios.

Asia Pacific was the largest region in the global music recording market, accounting for 34% of the market in 2020. North America was the second largest region accounting for 32% of the global music recording market. Africa was the smallest region in the global music recording market.

Many music recording companies are offering auto-tune applications to allow singer's to exaggerate vocals and create a new pitch perfect sound. Auto-Tune is an audio processing software used to measure and alter pitch in vocal and instrumental music recordings and performances. It is used to tweak small inaccuracies, when singers sing out of tune and to retain the emotional content of the performance. For instance, major music recording studios offering auto-tune software are Abbey Road Studios, London and Capitol Studios, Los Angeles to tune vocal recordings, add special effects and natural sound allowing the singer to sound pitch perfect.

Coronavirus Pandemic - The outbreak of Coronavirus disease (COVID-19) has acted as a significant restraint on some of the music recording markets in 2020 as businesses were disrupted due to lockdowns imposed by governments globally. COVID 19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity and restricted movement of goods and services with countries entering a state of 'lock down'. The outbreak is expected to continue to have a negative impact on businesses throughout 2020 and into 2021. However, many media markets have been unaffected or benefited from this as they transmit their content remotely through digital channels. It is expected that the music recording market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy.

Increase in Mobile, Tablet Platforms - Access to music on mobile platforms has increased significantly in recent years and this trend is likely to continue in the forecast period, thus driving the music recordings market. This is mainly driven by the rise in internet penetration and growth in smart phones and tablets, especially in emerging countries. By the end of 2019, 72% of mobile traffic is expected to be video content. Thus, rise in the demand for music content through mobile platforms is expected to have a positive effect on the market during the forecast period.

A selection of companies mentioned in this report includes:

  • Universal Music Group
  • Sony Music
  • Warner Music

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