Live Music Market by Revenue, Genre, and Geography - Forecast and Analysis 2021-2025

  • Published: Apr 2021
  • Pages: 120
  • SKU: IRTNTR41087
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The live music market has the potential to grow by USD 2.83 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.06%.

This live music market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by revenue (tickets, sponsorship, and merchandising), genre (pop, rock, hip-hop, EDM, and others), and geography (North America, Europe, APAC, South America, and MEA). The live music market report also offers information on several market vendors, including Ace Ticket Worldwide Inc., Alliance Tickets, Bassett Events, Berkeley City Club, Brown Paper Tickets LLC, Cvent Inc., Eventbrite Inc., RazorGator LLC, Steinway Inc., and Ticketmaster Entertainment Inc. among others.

What will the Live Music Market Size be in 2021?

Live-Music-Market-Market-Size-2020-2025

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Live Music Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increased use of mobile apps is notably driving the live music market growth, although factors such as privacy and security concerns over online ticket booking platforms may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the live music industry get your FREE report sample now.

  • The growing preference for purchasing tickets using mobile applications will be a significant factor that will drive the growth of the live music market size.
  • The rising popularity of mobile apps is inducing service providers to develop mobile applications to provide ease of access and better convenience to customers.
  • With the rise in live events and concerts, a large number of event organizers are focusing on collaborating with online and offline ticket providers to enhance their customer reach.
  • The growing usage of mobile devices and mobile applications has made it extremely convenient for individuals to book tickets as these apps also provide easy payment options and enable customers to select suitable seats.
  • Key live music market trends, such as the increase in service offerings by event organizers, will drive market growth.
  • Focused on increasing customer satisfaction and revenue, event organizers in the live music market are on the lookout for innovative methods such as offering tickets with accommodation and merchandise.
  • Vendors offer early-bird discounts, free beverages, complimentary food, and providing goodies for kids. This will attract a large number of customers to book tickets online, which will fuel the growth of the live music market. 

This live music market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Live Music Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Ace Ticket Worldwide Inc.
  • Alliance Tickets
  • Bassett Events
  • Berkeley City Club
  • Brown Paper Tickets LLC
  • Cvent Inc.
  • Eventbrite Inc.
  • RazorGator LLC
  • Steinway Inc.
  • Ticketmaster Entertainment Inc.

 

The live music market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the live music market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Live Music Market?

Live-Music-Market-Market-Share-by-Region-2020-2025

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32% of the market’s growth will originate from APAC during the forecast period. Japan, Australia, and India are the key markets for live music in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

The steady rise in the number of concerts and events will facilitate the live music market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Revenue Segments in the Live Music Market?

Live-Music-Market-Market-Share-by-Revenue-2020-2025

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The live music market share growth by the tickets segment will be significant during the forecast period. This segment includes both primary and secondary sources of tickets. The global primary ticket market is highly supported by the box office industry worldwide. This has encouraged primary ticket sources to expand their services to all events and concerts. This is likely to support the growth of this segment during the forecast period. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the live music market size.

 

Event-Tickets-Market-Report

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What are the Key Factors Covered in this Live Music Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive live music market growth during the next five years
  • Precise estimation of the live music market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the live music industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of live music market vendors

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Live Music Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6%

Market growth 2021-2025

$ 2.83 billion

Market structure

Fragmented

YoY growth (%)

3.14

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

APAC at 32%

Key consumer countries

US, Germany, UK, Canada, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Ace Ticket Worldwide Inc., Alliance Tickets, Bassett Events, Berkeley City Club, Brown Paper Tickets LLC, Cvent Inc., Eventbrite Inc., RazorGator LLC, Steinway Inc., and Ticketmaster Entertainment Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The live music market growth will increase by $10.66 billion during 2019-2024.
The live music market is expected to grow at a CAGR of 9.04% during 2019-2024.
Technavio has segmented the live music market by other 1 (Tickets, Sponsorship, and Merchandising) and geographic (North America, Europe, APAC, and South America).
Ace Ticket Worldwide Inc., alliancetickets.com, Bassett Events Inc., Berkeley City Club, Brown Paper Tickets LLC, Cvent Inc., Eventbrite Inc., RazorGator LLC, Steinway Inc., Ticketmaster Entertainment Inc. are a few of the key vendors in the live music market.
North America will register the highest growth rate of 32.78% among the other regions. Therefore, the live music market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the live music market growth are:
  • High penetration of mobile devices and Internet
The live music market vendors should focus on grabbing business opportunities from the tickets segment as it accounted for the largest market share in the base year.
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