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Global Music Festival Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029)
SKU ID : Maia-22705527 | Publishing Date : 23-Feb-2023 | No. of pages : 120
The latest research study on the global Music Festival market finds that the global Music Festival market reached a value of USD 2482.99 million in 2022. It’s expected that the market will achieve USD 8550.59 million by 2028, exhibiting a CAGR of 22.89% during the forecast period.
Music Festival are music-themed musical events, usually held outdoors. According to different types of theme music, it can be divided into pop music festivals, rock music festivals, hip-hop music festivals, etc. The industry players in this report refer to the organizers of Music Festival.
Drivers
Increased Consumer Demand for Entertainment Experience
With the continuous development of the economy and the continuous improvement of income levels, the disposable income of consumers has increased. While people's disposable income is increasing, with the change of consumers' consumption concepts, consumers pay more and more attention to spiritual entertainment consumption, and consumers' consumption expenditure in the field of entertainment continues to expand. In developed economic regions such as Europe and the United States, due to the high income level of people, the purchasing power of consumers is high.
For consumers, Music Festival can meet consumers' spiritual entertainment experience needs to a certain extent. As a cultural, leisure and entertainment product that can provide audiences with instant on-site interactive entertainment experience, Music Festival is increasingly sought after by music audiences. The continuous increase of people's disposable income has improved consumers' spending power for Music Festival tickets. The trend of consumers paying more and more attention to spiritual entertainment consumption makes the number of potential customers of Music Festival continue to increase. In general, the continuous increase of people's disposable income and consumers' increasing emphasis on spiritual entertainment consumption have promoted the development of the Music Festival industry.
Market Restraints and Challenges
Operations management problems
As a large-scale festival tourism event, Music Festival involves all aspects of industrial resources, including online and offline media marketing, derivative product development and production, copyright transaction authorization, and advertising creative design, from planning to final performance. If there is a lack of a sound operation and management model, it will easily lead to unbalanced capital allocation in terms of marketing, musician allocation, and stage scale. At the same time, how to attract the audience and create an on-site atmosphere with the lineup and gameplay is also an operational problem that cannot be ignored. In addition, the Music Festival site involves the coordination and cooperation of multiple parties, and some music festivals adopt social recruitment of volunteers to provide services for music fans. Generally speaking, the organizational efficiency of the volunteer team is relatively low, and the supporting arrangements for venues, catering, transportation, security, sanitation and other links are not in place, which affects the overall experience of the Music Festival. The operation management problem of Music Festival is one of the difficulties and challenges facing the development of the industry.
In 2021, the share of the Music Festival market in United States stood at 36.34%.
Goldenvoice is one of the largest promoters in the world with such well-established festivals as Coachella and Stagecoach and such prominent venues as Microsoft Theater, the Shrine Auditorium & Expo Hall, The Roxy, and the El Rey Theatre.
C3 Presents is one of the largest concert promoters in the US, booking and promoting concerts in arenas, festivals, theaters, casinos, and clubs across the country. C3 Presents is a concert promotion, event production and artist management company based out of Austin, Texas. C3 also produces several multi-day festivals including Austin City Limits Music Festival in Texas, Voodoo Music + Arts Experience in New Orleans, and Lollapalooza in Chicago along with its six international editions.
Goldenvoice is one of the major players operating in the Music Festival market, holding a share of 7.42% in 2022.
Pop Music Festival According to different types of active music. Pop music specifically refers to the content of lyrics mainly based on modern trends, such as describing love or life.
Rock Music Festival Rock Music is music with a strong beat. Rock Music was largely influenced by R&B, country music, and Tink Bang Alley.
Hip-hop Music Festival Hip-hop Music is a style of music that sings or raps along with an accompaniment and rhythm.
Electric Dance Music Festival Electric Dance Music is a broad genre of percussive electronic music primarily used in nightclubs, raves, and festivals. It is usually made for DJ playing.
By type, Pop Music Festival segment accounted for the largest share of market in 2021.
Tickets According to the different sources of income of companies in the industry. This type refers to income earned through the sale of music festival tickets.
Sponsorship This category refers to the funds provided by the sponsors to the music festival activities in order to obtain publicity effects.
Merchandising This type refers to the income obtained by selling various peripheral and derivative products.
The market's largest segment by application is the segment Tickets, with a market share of 69.56% in 2021.
The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Music Festival market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.
For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.
As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.
Research Scope
This report provides an overview of the global Music Festival market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Music Festival and its sub-markets in an intuitive way.
Key Companies in the global Music Festival market covered in Chapter 3:
SXSW , LLC
Goldenvoice
MODERN SKY
C3 Presents
ID&T
In Chapter 4 and Chapter 14.2, on the basis of types, the Music Festival market from 2018 to 2029 is primarily split into:
Pop Music Festival
Rock Music Festival
Hip-hop Music Festival
Electric Dance Music Festival
Others
In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Music Festival market from 2018 to 2029 covers:
Tickets
Sponsorship
Merchandising
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)
Key Factors Considered
COVID-19
Amid the COVID-19 crisis, the Music Festival market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.
Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.
Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.
Chapter Outline
Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.
Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.
Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.
Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.
Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.
Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.
Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.
Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.
Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.
Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.
2022
Music Festival are music-themed musical events, usually held outdoors. According to different types of theme music, it can be divided into pop music festivals, rock music festivals, hip-hop music festivals, etc. The industry players in this report refer to the organizers of Music Festival.
Drivers
Increased Consumer Demand for Entertainment Experience
With the continuous development of the economy and the continuous improvement of income levels, the disposable income of consumers has increased. While people's disposable income is increasing, with the change of consumers' consumption concepts, consumers pay more and more attention to spiritual entertainment consumption, and consumers' consumption expenditure in the field of entertainment continues to expand. In developed economic regions such as Europe and the United States, due to the high income level of people, the purchasing power of consumers is high.
For consumers, Music Festival can meet consumers' spiritual entertainment experience needs to a certain extent. As a cultural, leisure and entertainment product that can provide audiences with instant on-site interactive entertainment experience, Music Festival is increasingly sought after by music audiences. The continuous increase of people's disposable income has improved consumers' spending power for Music Festival tickets. The trend of consumers paying more and more attention to spiritual entertainment consumption makes the number of potential customers of Music Festival continue to increase. In general, the continuous increase of people's disposable income and consumers' increasing emphasis on spiritual entertainment consumption have promoted the development of the Music Festival industry.
Market Restraints and Challenges
Operations management problems
As a large-scale festival tourism event, Music Festival involves all aspects of industrial resources, including online and offline media marketing, derivative product development and production, copyright transaction authorization, and advertising creative design, from planning to final performance. If there is a lack of a sound operation and management model, it will easily lead to unbalanced capital allocation in terms of marketing, musician allocation, and stage scale. At the same time, how to attract the audience and create an on-site atmosphere with the lineup and gameplay is also an operational problem that cannot be ignored. In addition, the Music Festival site involves the coordination and cooperation of multiple parties, and some music festivals adopt social recruitment of volunteers to provide services for music fans. Generally speaking, the organizational efficiency of the volunteer team is relatively low, and the supporting arrangements for venues, catering, transportation, security, sanitation and other links are not in place, which affects the overall experience of the Music Festival. The operation management problem of Music Festival is one of the difficulties and challenges facing the development of the industry.
In 2021, the share of the Music Festival market in United States stood at 36.34%.
Goldenvoice is one of the largest promoters in the world with such well-established festivals as Coachella and Stagecoach and such prominent venues as Microsoft Theater, the Shrine Auditorium & Expo Hall, The Roxy, and the El Rey Theatre.
C3 Presents is one of the largest concert promoters in the US, booking and promoting concerts in arenas, festivals, theaters, casinos, and clubs across the country. C3 Presents is a concert promotion, event production and artist management company based out of Austin, Texas. C3 also produces several multi-day festivals including Austin City Limits Music Festival in Texas, Voodoo Music + Arts Experience in New Orleans, and Lollapalooza in Chicago along with its six international editions.
Goldenvoice is one of the major players operating in the Music Festival market, holding a share of 7.42% in 2022.
Pop Music Festival According to different types of active music. Pop music specifically refers to the content of lyrics mainly based on modern trends, such as describing love or life.
Rock Music Festival Rock Music is music with a strong beat. Rock Music was largely influenced by R&B, country music, and Tink Bang Alley.
Hip-hop Music Festival Hip-hop Music is a style of music that sings or raps along with an accompaniment and rhythm.
Electric Dance Music Festival Electric Dance Music is a broad genre of percussive electronic music primarily used in nightclubs, raves, and festivals. It is usually made for DJ playing.
By type, Pop Music Festival segment accounted for the largest share of market in 2021.
Tickets According to the different sources of income of companies in the industry. This type refers to income earned through the sale of music festival tickets.
Sponsorship This category refers to the funds provided by the sponsors to the music festival activities in order to obtain publicity effects.
Merchandising This type refers to the income obtained by selling various peripheral and derivative products.
The market's largest segment by application is the segment Tickets, with a market share of 69.56% in 2021.
The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Music Festival market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.
For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.
As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.
Research Scope
This report provides an overview of the global Music Festival market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Music Festival and its sub-markets in an intuitive way.
Key Companies in the global Music Festival market covered in Chapter 3:
SXSW , LLC
Goldenvoice
MODERN SKY
C3 Presents
ID&T
In Chapter 4 and Chapter 14.2, on the basis of types, the Music Festival market from 2018 to 2029 is primarily split into:
Pop Music Festival
Rock Music Festival
Hip-hop Music Festival
Electric Dance Music Festival
Others
In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Music Festival market from 2018 to 2029 covers:
Tickets
Sponsorship
Merchandising
Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:
North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)
Key Factors Considered
COVID-19
Amid the COVID-19 crisis, the Music Festival market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.
Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.
Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.
Chapter Outline
Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.
Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.
Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.
Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.
Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.
Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.
Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.
Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.
Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.
Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.
Years considered for this report:
Historical Years:
2018-2022Base Year:
2022Estimated Year:
2023Forecast Period:
2023-2029Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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