Live Music Market by Genre, Venue - Global Forecast 2024-2030

List of Tables

[190 Pages Report] The Live Music Market size was estimated at USD 34.84 billion in 2023 and expected to reach USD 37.58 billion in 2024, at a CAGR 8.22% to reach USD 60.59 billion by 2030.

Live music refers to performances by musicians or vocalists delivered in real-time before an audience. These events can occur in various venues, ranging from small clubs and private settings to large arenas and outdoor festivals, encompassing various genres and styles. Live music events are distinguished by the direct interaction between the performers and their audience, creating a unique and dynamic experience that is unable to be replicated through recorded formats. The growth of the live music market is propelled by the Increasing disposable income and expenditure on entertainment and the rising use of social media platforms. Expanding music tourism worldwide further drives the growth of the live music market. Expenses associated with organizing and attending events hinder market expansion. Ongoing innovative experience offerings, including boutique festivals and themed concert series, offer lucrative opportunities for the expanding live music market.

KEY MARKET STATISTICS
Base Year [2023]	USD 34.84 billion
Estimated Year [2024]	USD 37.58 billion
Forecast Year [2030]	USD 60.59 billion
CAGR (%)	8.22%

Regional Insights

The live music market in the Americas, particularly in the United States and Canada, is characterized by its mature and highly competitive nature. The region boasts a well-established live-perform infrastructure, including iconic venues and robust booking agencies. Music festivals such as Coachella and Lollapalooza continue to significantly contribute to the market's growth, drawing international attendees and showcasing a diverse range of genres. The Asia-Pacific region showcases rapid growth in its live music market, driven by rising disposable incomes and an increasing appetite for live entertainment among its populace. Countries, including Japan, South Korea, and Australia, are showcasing market expansion, with K-pop acts, in particular, making significant inroads globally. The region faces unique challenges, including cultural and regulatory diversities that impact market operations. The proliferation of digital platforms and mobile connectivity facilitates the live music experience, enabling virtual attendance and fan engagement, particularly in markets with vast geographic and demographic variations, such as China and India. The EMEA region presents a diverse and culturally rich live music landscape. Europe's strong music festival culture, with events such as Glastonbury (UK) and Tomorrowland (Belgium), plays a crucial role in the market's dynamics, offering platforms for established and emerging artists. The live music market in the Middle East and African region is growing gradually, with international artist tours and music festivals increasing alongside growing local scenes.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Live Music Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Increasing disposable income and expenditure on entertainment
- Widening use of social media platforms and digital marketing strategies
- Expanding music tourism worldwide

Market Restraints
- Expenses associated with organizing events

Market Opportunities
- Ongoing innovative experience offerings, including boutique festivals and themed concert series
- Formation of strategic partnerships with brands, entertainment sectors, and streaming platforms

Market Challenges
- Fraud activities involved in the availability of the live music ticketing

Market Segmentation Analysis
- Genre: Increasing preference for Hip-hop/Rap due to their adaptability to trends and the experience-oriented nature of their live performances
- Streaming Type: Rising online live music streaming owing to its global reach, convenience, and accessibility

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Live Music Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Live Music Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Strategic Partnership Between Bandsintown and Spotify Enhances Global Live Music Discovery

Bandsintown announced a strategic partnership with Spotify to revolutionize how fans discover concerts and festivals worldwide while simultaneously empowering artists. This collaboration directly integrates Bandsintown's comprehensive event listings into Spotify, enabling artists to connect with their audience more effectively during their music streaming experience. This initiative marks a significant advancement in the synergy between digital music consumption and live event attendance, underscoring a mutual commitment to supporting artists' growth and enhancing the music ecosystem for fans worldwide. [Published On: 2024-02-13]

Setmixer Secures Significant Seed Investment for Innovating Live Music Production

Setmixer recently secured a remarkable USD 760,000 in seed funding as a million-dollar effort towards the launch of Setmixer's AI-powered mixing tool. This groundbreaking technology promises to revolutionize the way artists record and mix their live performances, merging the authenticity of live music with studio-grade precision. [Published On: 2024-01-24]

Veeps Expands Reach with Innovative Smart TV App Launch on Samsung Platforms, Celebrates with Exclusive Free Access to The Smashing Pumpkins Anniversary Show

Veeps has achieved a significant technological advancement through its collaboration with Samsung, launching its inaugural Smart TV application exclusively on Samsung TVs. This strategic move represents a pivotal extension of Veeps' mission to make live music events more accessible to global audiences by leveraging Samsung's advanced visual and audio technology. Furthermore, Veeps continues to evolve with the unveiling of Veeps All Access, a subscription service granting unlimited access to a broad spectrum of exclusive live concerts and music-related content. This initiative marks a substantial leap towards integrating live concert streaming into everyday entertainment, mirroring the ease with which consumers access sports, movies, and TV shows, reinforcing Veeps and Samsung's commitment to enriching the home entertainment landscape and cultivating direct connections between artists and fans worldwide. [Published On: 2023-12-11]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Live Music Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Live Music Market, highlighting leading vendors and their innovative profiles. These include ACT Entertainment AG, Anschutz Entertainment Group, Inc., Brown Paper Tickets LLC, C3 Presents, LLC, Coast To Coast Tickets LLC, Hard Rock Live, HYBE, JYP ENTERTAINMENT Corp., Live Nation Worldwide, Inc., One97 Communications Limited, Orbit Entertainments, SeatGeek, SM Entertainment, Starship Entertainment, Sun Peaks Resort LLP, T Series Pvt. Ltd., VEEPS Inc., Vivendi SE, Warner Music Inc., and YG Entertainment.

Market Segmentation & Coverage

This research report categorizes the Live Music Market to forecast the revenues and analyze trends in each of the following sub-markets:

Genre
- Classical
- Electronic Dance Music
- Folk
- Hip-hop/Rap
- Jazz
- Pop
- R&B/Soul
- Rock

Venue
- Amphitheaters
- Arenas & Stadiums
- Clubs & Bars
- Concert Halls
- House Concerts
- Outdoor Festivals
- Theaters

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-147278520367

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increasing disposable income and expenditure on entertainment
  - 5.1.1.2. Widening use of social media platforms and digital marketing strategies
  - 5.1.1.3. Expanding music tourism worldwide
- 5.1.2. Restraints
  - 5.1.2.1. Expenses associated with organizing events
- 5.1.3. Opportunities
  - 5.1.3.1. Ongoing innovative experience offerings, including boutique festivals and themed concert series
  - 5.1.3.2. Formation of strategic partnerships with brands, entertainment sectors, and streaming platforms
- 5.1.4. Challenges
  - 5.1.4.1. Fraud activities involved in the availability of the live music ticketing
5.2. Market Segmentation Analysis
- 5.2.1. Genre: Increasing preference for Hip-hop/Rap due to their adaptability to trends and the experience-oriented nature of their live performances
- 5.2.2. Streaming Type: Rising online live music streaming owing to its global reach, convenience, and accessibility
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Live Music Market, by Genre

6.1. Introduction
6.2. Classical
6.3. Electronic Dance Music
6.4. Folk
6.5. Hip-hop/Rap
6.6. Jazz
6.7. Pop
6.8. R&B/Soul
6.9. Rock

7. Live Music Market, by Venue

7.1. Introduction
7.2. Amphitheaters
7.3. Arenas & Stadiums
7.4. Clubs & Bars
7.5. Concert Halls
7.6. House Concerts
7.7. Outdoor Festivals
7.8. Theaters

8. Americas Live Music Market

8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Live Music Market

9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa Live Music Market

10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape

11.1. Market Share Analysis, 2023
11.2. FPNV Positioning Matrix, 2023
11.3. Competitive Scenario Analysis
- 11.3.1. Strategic Partnership Between Bandsintown and Spotify Enhances Global Live Music Discovery
- 11.3.2. Setmixer Secures Significant Seed Investment for Innovating Live Music Production
- 11.3.3. Veeps Expands Reach with Innovative Smart TV App Launch on Samsung Platforms, Celebrates with Exclusive Free Access to The Smashing Pumpkins Anniversary Show
11.4. Strategy Analysis & Recommendation

12. Competitive Portfolio

12.1. Key Company Profiles
12.2. Key Product Portfolio