U.S. Traditional Music Market Size & Outlook, 2021-2028
U.S. traditional music market, 2017-2028 (US$M)
Related Markets
U.S. traditional music market highlights
- The U.S. traditional music market generated a revenue of USD 3,611.3 million in 2021 and is expected to reach USD 9,792.0 million by 2028.
- The U.S. market is expected to grow at a CAGR of 15.3% 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 2021 | USD 3,611.3 million |
| Market revenue in 2028 | USD 9,792.0 million |
| Growth rate | 15.3% (CAGR from 2021 to 2028) |
| Largest segment | Live music events |
| Fastest growing segment | Live Music Events |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Live Music Events, Tangible Recording Formats |
| Key market players worldwide | Sony 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, U.S. accounted for 29.5% 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 North America, U.S. traditional music market is projected to lead the regional market in terms of revenue in 2028.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 9,792.0 million by 2028.
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Traditional Music Market Scope
Traditional Music Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 65.05% in 2021. Horizon Databook has segmented the U.S. 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 U.S. traditional music market databook
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Our clientele includes a mix of traditional music market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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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 U.S. traditional music market , including forecasts for subscribers. This country databook contains high-level insights into U.S. traditional music market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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U.S. traditional music market size, by type, 2017-2028 (US$M)
U.S. Traditional Music Market Outlook Share, 2021 & 2028 (US$M)
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