Global Traditional Music Market Size & Outlook

The traditional music industry worldwide is expected to reach a projected revenue of US$ 31,527.6 million by 2028. A compound annual growth rate of 14.4% is expected of the worldwide traditional music industry from 2022 to 2028.

Revenue, 2021 (US$M)
$12,261.7
Forecast, 2028 (US$M)
$31,527.6
CAGR, 2022 - 2028
14.4%
Report Coverage
Worldwide

Global traditional music market highlights

  • The global traditional music market generated a revenue of USD 12,261.7 million in 2021 and is expected to reach USD 31,527.6 million by 2028.
  • The market is expected to grow at a CAGR (2022 - 2028) of 14.4% by 2028.
  • In terms of segment, live music events accounted for a revenue of USD 7,974.4 million in 2021.
  • Live Music Events is the most lucrative type segment registering the fastest growth during the forecast period.
  • In terms of region, North America was the largest revenue generating market in 2021.
  • Country-wise, South Africa is expected to register the highest CAGR from 2022 to 2028.

Global data book summary

Market revenue in 2021USD 12,261.7 million
Market revenue in 2028USD 31,527.6 million
Growth rate14.4% (CAGR from 2021 to 2028)
Largest segmentLive music events
Fastest growing segmentLive Music Events
Historical data covered2017 - 2020
Base year for estimation2021
Forecast period covered2022 - 2028
Quantitative unitsRevenue in USD million
Market segmentationLive Music Events, Tangible Recording Formats

Other key industry trends

  • In terms of revenue, the North America accounted for 35.9% of the global traditional music market in 2021.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2028.
  • By country, South Africa is the fastest growing regional market and is projected to reach USD 180.3 million by 2028.

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Traditional Music Market Companies

Name Profile # Employees HQ Website

Global traditional music market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to traditional music market will help companies and investors design strategic landscapes.


live music events was the largest segment with a revenue share of 65.04% in 2021. Horizon Databook has segmented the Global traditional music market based on live music events, tangible recording formats covering the revenue growth of each sub-segment from 2017 to 2028.


  • Global Traditional Music Type Outlook (Revenue, USD Million, 2017-2028)
    • Live Music Events
    • Tangible Recording Formats

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Target buyers of Global traditional music market databook

  • Our clientele includes a mix of traditional music market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

Horizon Databook provides a detailed overview of global-level data and insights on the Global traditional music market , including forecasts for subscribers. This global databook contains high-level insights into Global traditional music market from 2017 to 2028, including revenue numbers, major trends, and company profiles.

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Global traditional music market statistics, by regions, 2017-2028 (US$M)

Top 10 countries: Traditional music market size, 2021 (USD Million)

Top 10 countries: Traditional music market size, 2021 (USD Million)

Global traditional music market, by region, 2021 (US$M)

Global traditional music market statistics, by regions, 2017-2028 (US$M)

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