Live Music Market Research 2020-2024 | COVID-19 Market Impact Analysis for the New Normal | Technavio
Technavio has been monitoring the live music market and it is poised to grow by USD 10.66 billion during 2020-2024, progressing at a CAGR of over 9% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the live music market. The market growth in 2020 is likely to increase compared to market growth in 2019.
Frequently Asked Questions:
Based on segmentation by the market by revenue, which is the leading segment in the market?
The tickets segment is the leading segment in the market.
What are the major trends in the market?
The increase in service offerings by event organizers is the major trend in the market.
At what rate is the market projected to grow?
The market is projected to accelerate at a CAGR of over 9%.
Who are the top players in the market?
Ace Ticket Worldwide Inc., alliancetickets.com, Bassett Events Inc., Berkeley City Club, Brown Paper Tickets LLC, Cvent Inc., Eventbrite Inc., RazorGator LLC, Steinway Inc., and Ticketmaster Entertainment Inc. are the top players in the market.
What are the key market drivers and challenges?
The increased booking of tickets by mobile apps is driving the market. However, security concerns will challenge market growth.
How big is the North America market?
Over 31% of the market's growth will originate from North America during the forecast period.
Global Event Tickets Market- The event tickets market is segmented by sources (primary and secondary), event types (sporting events, concerts, performing arts, and others), and geographic landscape (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report
Global Disc Jockey (DJ) Consoles Market- The global disc jockey consoles market is segmented by geography (APAC, Europe, MEA, North America, and South America) and product (DJ controllers, DJ mixers, media players, turntables, and others). Click Here to Get an Exclusive Free Sample Report
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The market is concentrated, and the degree of concentration will accelerate during the forecast period. Ace Ticket Worldwide Inc., alliancetickets.com, Bassett Events Inc., Berkeley City Club, Brown Paper Tickets LLC, Cvent Inc., Eventbrite Inc., RazorGator LLC, Steinway Inc., and Ticketmaster Entertainment Inc. are some of the major market participants. Although the increased booking of tickets by mobile apps will offer immense growth opportunities, the security concerns are likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this live music market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The live music market report covers the following areas:
Live Music Market Size
Live Music Market Trends
Live Music Market Industry Analysis
This study identifies an increase in service offerings by event organizers as one of the prime reasons driving the live music market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist live music market growth during the next five years
Estimation of the live music market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the live music market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of live music market vendors
Table of Contents:
Executive Summary
Market Overview
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Revenue
Market segments
Comparison by revenue placement
Tickets - Market size and forecast 2019-2024
Sponsorship - Market size and forecast 2019-2024
Merchandising - Market size and forecast 2019-2024
Market opportunity by revenue
Market Segmentation by Genre
Market segments
Comparison by genre placement
Pop - Market size and forecast 2019-2024
Rock - Market size and forecast 2019-2024
Hip-hop - Market size and forecast 2019-2024
EDM - Market size and forecast 2019-2024
Others - Market size and forecast 2019-2024
Market opportunity by genre
Customer landscape
Overview
Geographic Landscape
Geographic segmentation
Geographic comparison
North America - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Drivers, Challenges, and Trends
Market drivers
Volume driver - Demand led growth
Volume driver - Supply led growth
Volume driver - External factors
Volume driver - Demand shift in adjacent markets
Price driver - Inflation
Price driver - Shift from lower to higher-priced units
Market challenges
Market trends
Vendor Landscape
Overview
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
Ace Ticket Worldwide Inc.
alliancetickets.com
Bassett Events Inc.
Berkeley City Club
Brown Paper Tickets LLC
Cvent Inc.
Eventbrite Inc.
RazorGator LLC
Steinway Inc.
Ticketmaster Entertainment Inc.
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
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