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Traditional Music Market Size, Share & Trends Analysis Report by Type (Live Music Events, Tangible Recording Formats), by Region, and Segment Forecasts, 2022-2028

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    Report

  • 74 Pages
  • May 2022
  • Region: Global
  • Grand View Research
  • ID: 5648014
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. 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 13.3% from 2022 to 2028 due to increasing live events and concerts in the region.
  • Live music events segment is expected to foresee the fastest growth, with a CAGR of 19.2% during 2022 to 2028 due to rising number of viewers.
  • Tangible recording formats segment held the second-largest market in share in 2021, contributed more the 35% of the total revenue. This share is due to the growing number of music listeners through the physical recorded.
  • Europe is expected to witness the second-fastest growth, with a CAGR of 14.9% in the forecast period. The growth is owing to the growing spending on traditional music.


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Frequently Asked Questions about the Global Traditional Music Market

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

The Global Traditional Music Market was estimated to be valued at $13.16 Billion in 2022.

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

The growth rate of the Global Traditional Music Market is 14.4%, with an estimated value of $30.49 Billion by 2028.

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

The Global Traditional Music Market is estimated to be worth $30.49 Billion by 2028.

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

Key companies in the Global Traditional Music Market include Sony Group Corp., Emi Music Publishing Limited, Concord Music Group, Inc., Universal Music Group, Inc., Vivendi SE, Warner Music Group Corp., Ace Ticket Worldwide Inc., Alliance Tickets and Brown Paper Tickets LL.

Table of Contents

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. 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
List of Tables
1. Traditional Music Market - Key Market Driver Analysis
2. Traditional Music Market - Key Market Restraint Analysis
3. Global Live Music Events Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
4. Global Tangible Recording Formats Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
5. Global Traditional Music Market Estimates and Forecast, By Region 2017 - 2028 (USD Million)
6. Global Traditional Music Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
7. North America Traditional Music Market Estimates and Forecast, 2017 - 2028 (USD Million)
8. North America Traditional Music Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
9. U.S. Traditional Music Market Estimates and Forecast, 2017 - 2028 (USD Million)
10. U.S. Traditional Music Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
11. Europe Traditional Music Market Estimates and Forecast, 2017 - 2028 (USD Million)
12. Europe Traditional Music Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
13. Germany Traditional Music Market Estimates and Forecast, 2017 - 2028 (USD Million)
14. Germany Traditional Music Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
15. U.K. Traditional Music Market Estimates and Forecast, 2017 - 2028 (USD Million)
16. U.K. Traditional Music Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
17. France Traditional Music Market Estimates and Forecast, 2017 - 2028 (USD Million)
18. France Traditional Music Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
19. Asia Pacific Traditional Music Market Estimates and Forecast, 2017 - 2028 (USD Million)
20. Asia Pacific Traditional Music Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
21. China Traditional Music Market Estimates and Forecast, 2017 - 2028 (USD Million)
22. China Traditional Music Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
23. Japan Traditional Music Market Estimates and Forecast, 2017 - 2028 (USD Million)
24. Japan Traditional Music Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
25. India Traditional Music Market Estimates and Forecast, 2017 - 2028 (USD Million)
26. India Traditional Music Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
27. Central & South America Traditional Music Market Estimates and Forecast, 2017 - 2028 (USD Million)
28. Central & South America Traditional Music Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
29. Brazil Traditional Music Market Estimates and Forecast, 2017 - 2028 (USD Million)
30. Brazil Traditional Music Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
31. Middle East & Africa Traditional Music Market Estimates and Forecast, 2017 - 2028 (USD Million)
32. Middle East & Africa Traditional Music Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
33. South Africa Traditional Music Market Estimates and Forecast, 2017 - 2028 (USD Million)
34. South Africa Traditional Music Market Estimates and Forecast By Type, 2017 - 2028 (USD Million)
35. Vendor Landscape
List of Figures
1. Traditional Music Market Snapshot
2. Traditional Music Market Segmentation & Scope
3. Traditional Music Market Penetration & Growth Prospect Mapping
4. Traditional Music Market Value Chain Analysis
5. Traditional Music Market Dynamics
6. Traditional Music Market Porter's Analysis
7. Traditional Music Market: Type Movement Analysis
8. Traditional Music Market: Regional Movement Analysis

Companies Mentioned

  • Sony Group Corp.
  • Emi Music Publishing Limited
  • Concord Music Group, Inc.
  • Universal Music Group, Inc.
  • Vivendi SE
  • Warner Music Group Corp.
  • Ace Ticket Worldwide Inc.
  • Alliance Tickets
  • Bassett Events
  • Brown Paper Tickets LL
  • Eventbrite Inc.
  • RazorGator LLC
  • Ticketmaster Entertainment Inc.

Methodology

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