The concert industry is a booming business, with millions of people attending live shows each year. As a result, there is a wealth of data available about the concert industry. In this article, we will take a look at some of the most interesting concert industry statistics, and explore what they tell us about the industry.
We will also discuss how these statistics can be used to inform decisions about concert promotion and ticket sales. So, if you’re interested in learning more about the concert industry, read on.
Notice Title
The live event industry is expected to recover in 2022, with music events projected to generate over 31 billion U.S. dollars in revenue from ticket sales globally and sports events predicted to generate slightly higher revenues at 34 billion U.S. dollars.
The global music industry has experienced a resurgence in recent years, with live music tours generating $5.65 billion in revenue in 2017 and the US live music industry’s revenue forecast to rise from $9 billion in 2015 to $12 billion in 2021.
Concert Industry: Statistics Overview
The concert and event promotion industry in the US is expected to reach $65.0 billion in 2023, growing at an annualized rate of 9.1% from 2018 to 2023.
There is a positive trend in the industry, driven by the increasing demand for live entertainment experiences and the willingness of consumers to spend money on tickets and events.
The Music Events segment is expected to reach US$31.70 billion by 2027, with 333.8 million users and an ARPU of US$85.19.
This indicates that customers are still willing to pay more for concerts, despite rising ticket prices and fake tickets, and that concerts have become the main source of income for artists.
The live event industry is expected to recover in 2022, with music events projected to generate over 31 billion U.S. dollars in revenue from ticket sales globally and sports events predicted to generate slightly higher revenues at 34 billion U.S. dollars.
Despite the financial losses incurred due to the pandemic, the industry is expected to rebound in 2022.
This is encouraging news for those in the industry, as it means that the industry will be able to recover and continue to thrive in the future.
The events market in North America is projected to grow from $322.18 billion in 2022 to $617.91 billion by 2028, with a CAGR of 11.5%.
There is a high demand for events, which can be met with the help of the sports industry. This increased demand for events can lead to more opportunities for concert promoters, venues, and artists to make money and increase their customer loyalty and retention.
Live Nation experienced a significant decrease in events and revenue due to the coronavirus pandemic in 2020, but its revenue rose to 4.72 billion US dollars in 2021.
Despite the pandemic, Live Nation was still able to experience a significant increase in revenue and events, indicating that the concert industry is beginning to recover.
Live Nation Entertainment’s revenue has increased 296.92%, 236.8%, and 7.05% in the twelve months ending September 30, 2022, 2021, and 2019, respectively, showing strong and resilient performance despite the challenges posed by the coronavirus pandemic in 2020.
Despite the pandemic, Live Nation Entertainment has been able to maintain and even increase its revenue, indicating that the concert industry is still a viable and profitable industry.
In 2021, concert visitors in Japan increased from the previous year due to the recovery from the impact of the coronavirus pandemic, but the decrease in 2020 still shows the impact of the pandemic on the concert industry.
This statistic matters in the context of concert industry statistics because it shows the impact of the coronavirus pandemic on the concert industry, as well as the recovery of the industry in 2021.
This statistic can be used to inform decisions about the future of the concert industry, such as the number of concerts to be held in the future and the safety measures that need to be taken.
In 2021, the number of attendances at music concerts and stage performances in Japan declined significantly due to the COVID-19 pandemic.
There is a huge impact of the pandemic on the live entertainment industry, which has been severely affected by the pandemic. This statistic shows the challenges faced by the industry and the need for it to adapt and innovate in order to survive and thrive in the future.
The global music industry has experienced a resurgence in recent years, with live music tours generating $5.65 billion in revenue in 2017 and the US live music industry’s revenue forecast to rise from $9 billion in 2015 to $12 billion in 2021.
Live music experiences remain popular and are expected to continue growing, despite the transition from physical music purchases to subscription music services.
This indicates that the concert industry is still a viable and profitable market.
The live music market is projected to experience a 6.85% CAGR and a 5.52% growth in 2022, resulting in a USD 9.87 billion increase from 2021 to 2026.
The live music market is growing, which means that more people are attending live events and that vendors are adopting strategies to attract customers.
This indicates that the concert industry is in a healthy and growing state, which is beneficial for both artists and fans.
Conclusion
The concert industry is a major contributor to the global economy and is expected to continue to grow in the coming years. As technology continues to evolve, the industry will be able to reach more people and create more opportunities for artists and venues.
Concerts are an important part of the music industry and provide a unique experience for fans. By understanding the industry’s current trends and statistics, we can better prepare for the future of the concert industry.
References
1 – Concert & Event Promotion in the US – Market Size 2004–2029
2 – Music Events – Worldwide
3 – Revenue of the live event market worldwide from 2017 to 2024, by category
4 – North America Events Market Report 2022: A $617.91 Billion Market by 2028
5 – Live Nation Entertainment’s concert revenue from 2008 to 2021
6 – Live Nation Entertainment Revenue 2010-2022 | LYV
7 – Number of music concert visitors in Japan from 2012 to 2021
8 – Attendance at live events in Japan in 2021, by category
9 – Live Music – statistics & facts
10 – Live Music Market – Focus on North America, Europe, APAC, South America, and Middle East and Africa with Forecasts to 2022-2026
