Latin America Traditional Music Market Size & Outlook

The traditional music market in Latin America is expected to reach a projected revenue of US$ 2,094.7 million by 2028. A compound annual growth rate of 12.7% is expected of Latin America traditional music market from 2022 to 2028.
Revenue, 2021 (US$M)
$905.7
Forecast, 2028 (US$M)
$2,094.7
CAGR, 2022 - 2028
12.7%
Report Coverage
Latin America

Latin America traditional music market highlights

  • The Latin America traditional music market generated a revenue of USD 905.7 million in 2021.
  • The market is expected to grow at a CAGR of 12.7% 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.
  • Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2028.


Latin America data book summary

Market revenue in 2021USD 905.7 million
Market revenue in 2028USD 2,094.7 million
Growth rate12.7% (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
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, Latin America region accounted for 7.4% of the global traditional music market in 2021.
  • Globally, North America is projected to lead the regional market in terms of revenue in 2028.
  • North America is the fastest growing regional market and is projected to reach USD 12,050.3 million by 2028.

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Traditional Music Market Scope

Traditional Music Market Companies

Name Profile # Employees HQ Website

Latin America 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 65.02% in 2021. Horizon Databook has segmented the Latin America traditional music market based on live music events, tangible recording formats covering the revenue growth of each sub-segment from 2017 to 2028.


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

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Latin America traditional music market size, by country, 2017-2028 (US$M)

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

Latin America traditional music market size, by country, 2017-2028 (US$M)

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