India Traditional Music Market Size & Outlook, 2021-2028

The traditional music market in India is expected to reach a projected revenue of US$ 1,440.4 million by 2028. A compound annual growth rate of 13% is expected of India traditional music market from 2022 to 2028.

Revenue, 2021 (US$M)
$610.9
Forecast, 2028 (US$M)
$1,440.4
CAGR, 2022 - 2028
13%
Report Coverage
India

India traditional music market highlights

  • The India traditional music market generated a revenue of USD 610.9 million in 2021 and is expected to reach USD 1,440.4 million by 2028.
  • The India market is expected to grow at a CAGR of 13% from 2022 to 2028.
  • In terms of segment, live music events was the largest revenue generating type in 2021.
  • Live Music Events is the most lucrative type segment registering the fastest growth during the forecast period.

Traditional music market data book summary

Market revenue in 2021USD 610.9 million
Market revenue in 2028USD 1,440.4 million
Growth rate13% (CAGR from 2021 to 2028)
Largest segmentLive music events
Fastest growing segmentLive Music Events
Historical data2017 - 2020
Base year2021
Forecast period2022 - 2028
Quantitative unitsRevenue in USD million
Market segmentationLive Music Events, Tangible Recording Formats
Key market players worldwideSony Group Corp ADR, Concord Music Group, Universal Music Group NV, Vivendi SE, Warner Music Group, Ace Ticket, Bassett Events, Brown Paper Tickets, Eventbrite Inc Class A, RazorGator, Live Nation Entertainment Inc

Other key industry trends

  • In terms of revenue, India accounted for 5.0% of the global traditional music market in 2021.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
  • In Asia Pacific, China traditional music market is projected to lead the regional market in terms of revenue in 2028.
  • Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,036.1 million by 2028.

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Traditional Music Market Scope

Traditional Music Market Companies

Name Profile # Employees HQ Website

India 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 India traditional music market based on live music events, tangible recording formats covering the revenue growth of each sub-segment from 2017 to 2028.


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

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Target buyers of India 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 country-level data and insights on the India traditional music market , including forecasts for subscribers. This country databook contains high-level insights into India traditional music market from 2017 to 2028, including revenue numbers, major trends, and company profiles.

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India traditional music market size, by type, 2017-2028 (US$M)

India Traditional Music Market Outlook Share, 2021 & 2028 (US$M)

India traditional music market size, by type, 2017-2028 (US$M)

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