Music Event Market Size, Trends and Insights By Revenue Source (Tickets, Sponsorship, Others), By Genre (Rock, Pop, EDM, Others), By Type (Music Festivals, Music Concerts, Music Shows, Others), By Age Group (Below 20 Years, 21 to 40 Years, Above 40 Years), By Gender (Male, Female), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Anschutz Entertainment Group
- BCD GROUP
- Carlson Inc.
- Insomniac Holdings. LLC
- Outback Presents LLC
- Others
Reports Description
As per the current market research conducted by the CMI Team, the global Music Event market is expected to record a CAGR of 9.5% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 164 Billion. By 2033, the valuation is anticipated to reach USD 389 Billion.
Music Event Market: Overview
A music event is an organized gathering or occasion dedicated to performing, appreciating, or celebrating music. These events can range in size, genre, and purpose, including live concerts, festivals, recitals, competitions, or showcases.
Music events can be held indoors or outdoors, including various genres, instruments, and artists, from soloists to big groups. The worldwide music event market is expected to increase dramatically as musicians perform more live music.
With the global decline in recorded music sales in recent years, musicians and artists rely heavily on live music performances to support themselves. This has resulted in numerous music performances and shows around the world. The high demand for music events among youth is driving global music event revenue.
- According to the Music Business Association, the value of ticket sales for live music events will exceed US $25 billion for the first time in 2023 – with total industry revenues set to reach a record $31.5 million the same year.
- A recent study exploring the global music industry found that revenues from live music events grew by 25 percent in 2023, reaching over 33 billion U.S. dollars that year. The market estimates show promising growth to pre-pandemic levels and revenue figures surpassing 50 billion dollars by the end of 2030.
Music Event Market: Growth Factors
Rising popularity of live music experiences
The increasing popularity of live music experiences drives the market revenue. Live music offers an immersive experience that recorded music cannot match. The atmosphere, excitement and contact with the performers and other concertgoers make it an unforgettable experience.
Furthermore, they offer an opportunity to see special performances not found on other platforms. VIP packages, meet-and-greet chances, and intimate shows add to the exclusive quality of live events.
Growing disposable income
The increasing disposable income drives the market growth. When disposable income rises, the population can spend money on entertainment, such as music concerts. These events require expensive ticket prices, travel expenses and merchandise sales.
Furthermore, with rising disposable income, customers are willing to pay for premium experiences. The luxury approach, such as superior seating, exclusive access, or special services, makes live events more attractive. Thus driving the industry expansion.
Music Event Market: Recent Development
The music event industry adopted several strategies, which include product launches, acquisitions, collaboration, expansion, and others. Some of the company strategies include:
- In January 2024, Lollapalooza India 2024 is gearing up for its second edition, curating a world of entertainment that is immersive, interactive and holistic. The music festival has collaborated with global and Indian brands across various industries, spanning auto, CPG, retail, beauty, fintech, and food and beverages, to elevate the on-ground consumer engagement and festival experience surrounding the music.
This product launch, expansion and collaboration strategies have expanded the company’s market presence in the music event industry and gained its competitive edge.
Music Event Market: Challenge
High operational cost
Securing a venue for a music performance, especially in large cities or popular areas, can be costly. High-profile venues with large capacity or historical importance might command higher leasing rates. Insurance is required to cover any potential risks, such as event cancellations, damage, or injuries, which result in higher expenditures for event organizers.
Furthermore, popular artists, bands, and DJs charge high prices for their performances. In addition to the base performance fee, organizers may be required to cover travel expenses, lodging, and technical necessities (such as sound engineers and band members’ fees).
In some circumstances, booking agencies or talent managers demand a portion of the artist’s performance fee, raising the overall cost of acquiring elite talent. Therefore, the high operational cost might be hindering the industry’s growth.
Music Event Market: Category-Wise Insights
By Revenue Source:
The ticket segment is expected to dominate the market. The segment expansion is attributable to the growing demand for live music. Consumers looking for unique, immersive experiences are driving demand for live music events such as concerts and festivals.
As audiences emphasize experiences above material commodities, more individuals are willing to buy tickets to live performances, increasing ticket sales.
Besides, the sponsorship segment is growing at a rapid rate. Sponsorships encourage innovation in event marketing and execution. For instance, partnerships between event organizers and sponsors could lead to unique activations like branded mobile apps, live-streaming content, or event-specific retail collaborations.
These enhancements improve the audience experience and will attract additional sponsors and partners in the future.
By Genre:
The rock segment is expected to dominate the market. The high demand for rock music concerts fuels ticket sales, merchandise revenue, and sponsorship agreements. Rock concerts generally draw big crowds, resulting in increased revenue from ticket sales, particularly for legendary acts.
The rock genre is highly profitable for event merchandise since fans frequently buy T-shirts, records, posters, and other souvenirs during or after concerts and festivals. This provides another source of revenue for event organizers.
Besides, the pop segment is growing at a rapid rate. Pop music is essentially intended for wide appeal, with catchy melodies, broad lyrics, and accessibility to listeners from all demographics.
This makes pop concerts and festivals extremely successful at attracting big audiences, ranging from teenagers to adults from various cultural and geographical origins.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 164 Billion |
| Projected Market Size in 2033 | USD 389 Billion |
| Market Size in 2023 | USD 157 Billion |
| CAGR Growth Rate | 9.5% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Revenue Source, Genre, Type, Age Group, Gender and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your research requirements. |
Music Event Market: Regional Analysis
North America is projected to dominate the music event market. The region’s market share growth of music events is attributed to the high demand for live entertainment. The market is also driven by the popularity of major music festivals, including Coachella, Lollapalooza, South by Southwest (SXSW), Electric Daisy Carnival (EDC), and Austin City Limits (ACL).
Furthermore, North America’s music industry infrastructure is well-developed, with multiple venues, agencies, promoters, and production companies to help live concerts run smoothly.
However, the Asia Pacific is growing significantly in the global music event industry. The expansion of the music event industry is attributed to the rising disposable income of the population.
List of the prominent players in the Music Event Market:
- Anschutz Entertainment Group
- BCD GROUP
- Carlson Inc.
- Insomniac Holdings. LLC
- Outback Presents LLC
- ACCESS DESTINATION SERVICES
- Basset Events Inc.
- Rafanelli Events Inc.
- Eventbrite Inc.
- colin cowie lifestyle
- Others
The Music Event Market is segmented as follows:
By Revenue Source
- Tickets
- Sponsorship
- Others
By Genre
- Rock
- Pop
- EDM
- Others
By Type
- Music Festivals
- Music Concerts
- Music Shows
- Others
By Age Group
- Below 20 Years
- 21 to 40 Years
- Above 40 Years
By Gender
- Male
- Female
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Music Event Market (2024 – 2033) (USD Billion)
- 2.2 Global Music Event Market: snapshot
- Chapter 3. Global Music Event Market – Industry Analysis
- 3.1 Music Event Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Rising popularity of live music experiences
- 3.2.2 Growing disposable income
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Revenue Source
- 3.7.2 Market Attractiveness Analysis By Genre
- 3.7.3 Market Attractiveness Analysis By Type
- 3.7.4 Market Attractiveness Analysis By Age Group
- 3.7.5 Market Attractiveness Analysis By Gender
- Chapter 4. Global Music Event Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Music Event Market: Company Market Share, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaboration, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Music Event Market – Revenue Source Analysis
- 5.1 Global Music Event Market Overview: By Revenue Source
- 5.1.1 Global Music Event Market Share, By Revenue Source, 2023 and 2033
- 5.2 Tickets
- 5.2.1 Global Music Event Market by Tickets, 2024 – 2033 (USD Billion)
- 5.3 Sponsorship
- 5.3.1 Global Music Event Market by Sponsorship, 2024 – 2033 (USD Billion)
- 5.4 Others
- 5.4.1 Global Music Event Market by Others, 2024 – 2033 (USD Billion)
- 5.1 Global Music Event Market Overview: By Revenue Source
- Chapter 6. Global Music Event Market – Genre Analysis
- 6.1 Global Music Event Market Overview: By Genre
- 6.1.1 Global Music Event Market Share, By Genre, 2023 and 2033
- 6.2 Rock
- 6.2.1 Global Music Event Market by Rock, 2024 – 2033 (USD Billion)
- 6.3 Pop
- 6.3.1 Global Music Event Market by Pop, 2024 – 2033 (USD Billion)
- 6.4 EDM
- 6.4.1 Global Music Event Market by EDM, 2024 – 2033 (USD Billion)
- 6.5 Others
- 6.5.1 Global Music Event Market by Others, 2024 – 2033 (USD Billion)
- 6.1 Global Music Event Market Overview: By Genre
- Chapter 7. Global Music Event Market – Type Analysis
- 7.1 Global Music Event Market Overview: By Type
- 7.1.1 Global Music Event Market Share, By Type, 2023 and 2033
- 7.2 Music Festivals
- 7.2.1 Global Music Event Market by Music Festivals, 2024 – 2033 (USD Billion)
- 7.3 Music Concerts
- 7.3.1 Global Music Event Market by Music Concerts, 2024 – 2033 (USD Billion)
- 7.4 Music Shows
- 7.4.1 Global Music Event Market by Music Shows, 2024 – 2033 (USD Billion)
- 7.5 Others
- 7.5.1 Global Music Event Market by Others, 2024 – 2033 (USD Billion)
- 7.1 Global Music Event Market Overview: By Type
- Chapter 8. Global Music Event Market – Age Group Analysis
- 8.1 Global Music Event Market Overview: By Age Group
- 8.1.1 Global Music Event Market Share, By Age Group, 2023 and 2033
- 8.2 Below 20 Years
- 8.2.1 Global Music Event Market by Below 20 Years, 2024 – 2033 (USD Billion)
- 8.3 21 to 40 Years
- 8.3.1 Global Music Event Market by 21 to 40 Years, 2024 – 2033 (USD Billion)
- 8.4 Above 40 Years
- 8.4.1 Global Music Event Market by Above 40 Years, 2024 – 2033 (USD Billion)
- 8.1 Global Music Event Market Overview: By Age Group
- Chapter 9. Global Music Event Market – Gender Analysis
- 9.1 Global Music Event Market Overview: By Gender
- 9.1.1 Global Music Event Market Share, By Gender, 2023 and 2033
- 9.2 Male
- 9.2.1 Global Music Event Market by Male, 2024 – 2033 (USD Billion)
- 9.3 Female
- 9.3.1 Global Music Event Market by Female, 2024 – 2033 (USD Billion)
- 9.1 Global Music Event Market Overview: By Gender
- Chapter 10. Music Events Market – Regional Analysis
- 10.1 Global Music Events Market Regional Overview
- 10.2 Global Music Events Market Share, by Region, 2023 & 2033 (USD Billion)
- 10.3. North America
- 10.3.1 North America Music Events Market, 2024 – 2033 (USD Billion)
- 10.3.1.1 North America Music Events Market, by Country, 2024 – 2033 (USD Billion)
- 10.3.1 North America Music Events Market, 2024 – 2033 (USD Billion)
- 10.4 North America Music Events Market, by Revenue Source, 2024 – 2033
- 10.4.1 North America Music Events Market, by Revenue Source, 2024 – 2033 (USD Billion)
- 10.5 North America Music Events Market, by Genre, 2024 – 2033
- 10.5.1 North America Music Events Market, by Genre, 2024 – 2033 (USD Billion)
- 10.6 North America Music Events Market, by Type, 2024 – 2033
- 10.6.1 North America Music Events Market, by Type, 2024 – 2033 (USD Billion)
- 10.7 North America Music Events Market, by Age Group, 2024 – 2033
- 10.7.1 North America Music Events Market, by Age Group, 2024 – 2033 (USD Billion)
- 10.8 North America Music Events Market, by Gender, 2024 – 2033
- 10.8.1 North America Music Events Market, by Gender, 2024 – 2033 (USD Billion)
- 10.9. Europe
- 10.9.1 Europe Music Events Market, 2024 – 2033 (USD Billion)
- 10.9.1.1 Europe Music Events Market, by Country, 2024 – 2033 (USD Billion)
- 10.9.1 Europe Music Events Market, 2024 – 2033 (USD Billion)
- 10.10 Europe Music Events Market, by Revenue Source, 2024 – 2033
- 10.10.1 Europe Music Events Market, by Revenue Source, 2024 – 2033 (USD Billion)
- 10.11 Europe Music Events Market, by Genre, 2024 – 2033
- 10.11.1 Europe Music Events Market, by Genre, 2024 – 2033 (USD Billion)
- 10.12 Europe Music Events Market, by Type, 2024 – 2033
- 10.12.1 Europe Music Events Market, by Type, 2024 – 2033 (USD Billion)
- 10.13 Europe Music Events Market, by Age Group, 2024 – 2033
- 10.13.1 Europe Music Events Market, by Age Group, 2024 – 2033 (USD Billion)
- 10.14 Europe Music Events Market, by Gender, 2024 – 2033
- 10.14.1 Europe Music Events Market, by Gender, 2024 – 2033 (USD Billion)
- 10.15. Asia Pacific
- 10.15.1 Asia Pacific Music Events Market, 2024 – 2033 (USD Billion)
- 10.15.1.1 Asia Pacific Music Events Market, by Country, 2024 – 2033 (USD Billion)
- 10.15.1 Asia Pacific Music Events Market, 2024 – 2033 (USD Billion)
- 10.16 Asia Pacific Music Events Market, by Revenue Source, 2024 – 2033
- 10.16.1 Asia Pacific Music Events Market, by Revenue Source, 2024 – 2033 (USD Billion)
- 10.17 Asia Pacific Music Events Market, by Genre, 2024 – 2033
- 10.17.1 Asia Pacific Music Events Market, by Genre, 2024 – 2033 (USD Billion)
- 10.18 Asia Pacific Music Events Market, by Type, 2024 – 2033
- 10.18.1 Asia Pacific Music Events Market, by Type, 2024 – 2033 (USD Billion)
- 10.19 Asia Pacific Music Events Market, by Age Group, 2024 – 2033
- 10.19.1 Asia Pacific Music Events Market, by Age Group, 2024 – 2033 (USD Billion)
- 10.20 Asia Pacific Music Events Market, by Gender, 2024 – 2033
- 10.20.1 Asia Pacific Music Events Market, by Gender, 2024 – 2033 (USD Billion)
- 10.21. Latin America
- 10.21.1 Latin America Music Events Market, 2024 – 2033 (USD Billion)
- 10.21.1.1 Latin America Music Events Market, by Country, 2024 – 2033 (USD Billion)
- 10.21.1 Latin America Music Events Market, 2024 – 2033 (USD Billion)
- 10.22 Latin America Music Events Market, by Revenue Source, 2024 – 2033
- 10.22.1 Latin America Music Events Market, by Revenue Source, 2024 – 2033 (USD Billion)
- 10.23 Latin America Music Events Market, by Genre, 2024 – 2033
- 10.23.1 Latin America Music Events Market, by Genre, 2024 – 2033 (USD Billion)
- 10.24 Latin America Music Events Market, by Type, 2024 – 2033
- 10.24.1 Latin America Music Events Market, by Type, 2024 – 2033 (USD Billion)
- 10.25 Latin America Music Events Market, by Age Group, 2024 – 2033
- 10.25.1 Latin America Music Events Market, by Age Group, 2024 – 2033 (USD Billion)
- 10.26 Latin America Music Events Market, by Gender, 2024 – 2033
- 10.26.1 Latin America Music Events Market, by Gender, 2024 – 2033 (USD Billion)
- 10.27. The Middle-East and Africa
- 10.27.1 The Middle-East and Africa Music Events Market, 2024 – 2033 (USD Billion)
- 10.27.1.1 The Middle-East and Africa Music Events Market, by Country, 2024 – 2033 (USD Billion)
- 10.27.1 The Middle-East and Africa Music Events Market, 2024 – 2033 (USD Billion)
- 10.28 The Middle-East and Africa Music Events Market, by Revenue Source, 2024 – 2033
- 10.28.1 The Middle-East and Africa Music Events Market, by Revenue Source, 2024 – 2033 (USD Billion)
- 10.29 The Middle-East and Africa Music Events Market, by Genre, 2024 – 2033
- 10.29.1 The Middle-East and Africa Music Events Market, by Genre, 2024 – 2033 (USD Billion)
- 10.30 The Middle-East and Africa Music Events Market, by Type, 2024 – 2033
- 10.30.1 The Middle-East and Africa Music Events Market, by Type, 2024 – 2033 (USD Billion)
- 10.31 The Middle-East and Africa Music Events Market, by Age Group, 2024 – 2033
- 10.31.1 The Middle-East and Africa Music Events Market, by Age Group, 2024 – 2033 (USD Billion)
- 10.32 The Middle-East and Africa Music Events Market, by Gender, 2024 – 2033
- 10.32.1 The Middle-East and Africa Music Events Market, by Gender, 2024 – 2033 (USD Billion)
- Chapter 11. Company Profiles
- 11.1 Anschutz Entertainment Group
- 11.1.1 Overview
- 11.1.2 Financials
- 11.1.3 Product Portfolio
- 11.1.4 Business Strategy
- 11.1.5 Recent Developments
- 11.2 BCD GROUP
- 11.2.1 Overview
- 11.2.2 Financials
- 11.2.3 Product Portfolio
- 11.2.4 Business Strategy
- 11.2.5 Recent Developments
- 11.3 Carlson Inc.
- 11.3.1 Overview
- 11.3.2 Financials
- 11.3.3 Product Portfolio
- 11.3.4 Business Strategy
- 11.3.5 Recent Developments
- 11.4 Insomniac Holdings. LLC
- 11.4.1 Overview
- 11.4.2 Financials
- 11.4.3 Product Portfolio
- 11.4.4 Business Strategy
- 11.4.5 Recent Developments
- 11.5 Outback Presents LLC
- 11.5.1 Overview
- 11.5.2 Financials
- 11.5.3 Product Portfolio
- 11.5.4 Business Strategy
- 11.5.5 Recent Developments
- 11.6 ACCESS DESTINATION SERVICES
- 11.6.1 Overview
- 11.6.2 Financials
- 11.6.3 Product Portfolio
- 11.6.4 Business Strategy
- 11.6.5 Recent Developments
- 11.7 Basset Events Inc.
- 11.7.1 Overview
- 11.7.2 Financials
- 11.7.3 Product Portfolio
- 11.7.4 Business Strategy
- 11.7.5 Recent Developments
- 11.8 Rafanelli Events Inc.
- 11.8.1 Overview
- 11.8.2 Financials
- 11.8.3 Product Portfolio
- 11.8.4 Business Strategy
- 11.8.5 Recent Developments
- 11.9 Eventbrite Inc.
- 11.9.1 Overview
- 11.9.2 Financials
- 11.9.3 Product Portfolio
- 11.9.4 Business Strategy
- 11.9.5 Recent Developments
- 11.10 colin cowie lifestyle
- 11.10.1 Overview
- 11.10.2 Financials
- 11.10.3 Product Portfolio
- 11.10.4 Business Strategy
- 11.10.5 Recent Developments
- 11.11 Others.
- 11.11.1 Overview
- 11.11.2 Financials
- 11.11.3 Product Portfolio
- 11.11.4 Business Strategy
- 11.11.5 Recent Developments
- 11.1 Anschutz Entertainment Group
List Of Figures
Figures No 1 to 36
List Of Tables
Tables No 1 to 127
Prominent Player
- Anschutz Entertainment Group
- BCD GROUP
- Carlson Inc.
- Insomniac Holdings. LLC
- Outback Presents LLC
- ACCESS DESTINATION SERVICES
- Basset Events Inc.
- Rafanelli Events Inc.
- Eventbrite Inc.
- colin cowie lifestyle
- Others
FAQs
The key factors driving the Market are Rising popularity of live music experiences, Growing disposable income.
The “Music Festivals” category dominated the market in 2023.
The key players in the market are Anschutz Entertainment Group, BCD GROUP, Carlson Inc., Insomniac Holdings. LLC, Outback Presents LLC, ACCESS DESTINATION SERVICES, Basset Events Inc., Rafanelli Events Inc., Eventbrite Inc., colin cowie lifestyle, Others.
“North America” had the largest share in the Music Event Market.
The global market is projected to grow at a CAGR of 9.5% during the forecast period, 2024-2033.
The Music Event Market size was valued at USD 164 Billion in 2024.