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Global Traditional Music Market to reach USD 35.04 billion by the end of 2029.

Global Traditional Music Market Size study & Forecast, by Type (Tangible Recording Formats, Live Music Events) and Regional Analysis, 2022-2029

Product Code: ECE-82008698
Publish Date: 25-01-2023
Page: 200

Global Traditional Music Market is valued approximately USD 11.86 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 14.50% over the forecast period 2022-2029. The fact that everyone appreciates and listens to music makes it a type of entertainment that is growing in popularity around the world. Additionally, the popularity of live music events is predicted to expand over the projection period, as are the number of music sponsors & performers around the world. Additionally, the expansion of the market for live music events will be further aided in the future years by the rise in leisure spending. Along with this, it is projected that over the coming years, market growth would be fueled by the increasing urbanization and increased disposable income of individuals around the world. Along with this, growing platforms where people can enjoy traditional music is increasing which is creating lucrative growth opportunity for the market over the forecast period.

For instance, according to Statista, the number of Spotify premium subscribers are increasing worldwide which is driving the growth for the market. For instance, in first quarter of 2015 there were 18 million subscribers of Spotify which has increased significantly in first quarter of 2022 up to 188 million. However, the low profit, rise in the expenditure for casting traditional music stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Traditional Music Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Due to the growing popularity of live music events, North America contributed the most to the worldwide traditional music market in 2021 and is predicted to see the quickest CAGR from 2022 to 2028. Additionally, the demand for live performance experiences among the younger revellers in this region is anticipated to fuel market expansion. This region’s business has grown as a result of the rising desire for hybrid music events, which draw sizable audiences from media like movies and video games.

Major market player included in this report are:
Sony Group Corp.
Emi Music Publishing Limited
Concord Music Group, Inc.
Universal Music Group, Inc.
Vivendi SE
Warner Music Group Corp.
Ace Ticket Worldwide Inc.
Alliance Tickets
Bassett Events
Brown Paper Tickets LLC

Recent Developments in the Market:
 Sony Group Corp. has acquired Emi Music Publishing Limited in November 2018. Sony Group Corp. made this tactical choice to quickly acquire the market in order to increase its market share.
 In April 2022, The “PaDa” Project, a docuseries that supports and celebrates traditional folk music in India, is being launched by Believe India and Ishtar Music in collaboration with the Bangalore-based nonprofit Snehadhara Foundation and Vasu Dixit Collective.
Global Traditional Music Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Tangible Recording Formats
Live Music Events

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Traditional Music Market, by Region, 2019-2029 (USD Billion)
1.2.2. Traditional Music Market, by Type, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Traditional Music Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Traditional Music Market Dynamics
3.1. Traditional Music Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Increasing leisure spending Growing popularity for live music
3.1.2. Market Challenges Low profits in traditional music production
3.1.3. Market Opportunities Rising number of online platforms
Chapter 4. Global Traditional Music Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Traditional Music Market, by Type
6.1. Market Snapshot
6.2. Global Traditional Music Market by Type, Performance – Potential Analysis
6.3. Global Traditional Music Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. Traditional Music Market, Sub Segment Analysis
6.4.1. Tangible Recording Formats
6.4.2. Live Music Events
Chapter 7. Global Traditional Music Market, Regional Analysis
7.1. Traditional Music Market, Regional Market Snapshot
7.2. North America Traditional Music Market
7.2.1. U.S. Traditional Music Market Type breakdown estimates & forecasts, 2019-2029
7.2.2. Canada Traditional Music Market
7.3. Europe Traditional Music Market Snapshot
7.3.1. U.K. Traditional Music Market
7.3.2. Germany Traditional Music Market
7.3.3. France Traditional Music Market
7.3.4. Spain Traditional Music Market
7.3.5. Italy Traditional Music Market
7.3.6. Rest of Europe Traditional Music Market
7.4. Asia-Pacific Traditional Music Market Snapshot
7.4.1. China Traditional Music Market
7.4.2. India Traditional Music Market
7.4.3. Japan Traditional Music Market
7.4.4. Australia Traditional Music Market
7.4.5. South Korea Traditional Music Market
7.4.6. Rest of Asia Pacific Traditional Music Market
7.5. Latin America Traditional Music Market Snapshot
7.5.1. Brazil Traditional Music Market
7.5.2. Mexico Traditional Music Market
7.6. Rest of The World Traditional Music Market

Chapter 8. Competitive Intelligence
8.1. Top Market Strategies
8.2. Company Profiles
8.2.1. Sony Group Corp. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.2.2. Emi Music Publishing Limited
8.2.3. Concord Music Group, Inc.
8.2.4. Universal Music Group, Inc.
8.2.5. Vivendi SE
8.2.6. Warner Music Group Corp.
8.2.7. Ace Ticket Worldwide Inc.
8.2.8. Alliance Tickets
8.2.9. Bassett Events
8.2.10. Brown Paper Tickets LLC
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

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Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
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