Music Recording Trends and Forecast
The future of the global music recording market looks promising with opportunities in the mechanical, performance, synchronization, and digital markets. The global music recording market is expected to reach an estimated $81.4 billion by 2030 with a CAGR of 5.6% from 2024 to 2030. The major drivers for this market are increase in the music industry, growing consumer desire for fresh and excellent music recordings, and rising smartphone use in conjunction with high-speed internet access.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Music Recording by Segment
The study includes a forecast for the global music recording by genre, type, application, end use, and region.
Music Recording Market by Genre [Shipment Analysis by Value from 2018 to 2030]:
• Rock
• Hip Hop
• Pop
• Jazz
• Others
Music Recording Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Music Publishing
• Music Recording
Music Recording Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Mechanical
• Performance
• Synchronization
• Digital
• Others
Music Recording Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Individual
• Commercial
Music Recording Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Music Recording Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies music recording companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the music recording companies profiled in this report include-
• Universal Music Group
• Sony Music Publishing
• Warner Music Group
• BMG Rights Management
• Kobalt Music Group
Music Recording Market Insights
Lucintel forecasts that pop is expected to witness the highest growth over the forecast period.
Within this market, digital is expected to witness the highest growth due to convenient access to the internet and increasing digitization.
APAC will remain the largest region over the forecast period due to growing popularity of smartphones and increasing interest of music among consumers in developing nations, particularly China and India.
Features of the Global Music Recording Market
Market Size Estimates: Music recording market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Music recording market size by various segments, such as by genre, type, application, end use, and region in terms of value ($B).
Regional Analysis: Music recording market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different genre, types, applications, end uses, and regions for the music recording market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the music recording market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the music recording market size?
Answer: The global music recording market is expected to reach an estimated $81.4 billion by 2030.
Q2. What is the growth forecast for music recording market?
Answer: The global music recording market is expected to grow with a CAGR of 5.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the music recording market?
Answer: The major drivers for this market are increase in the music industry, growing consumer desire for fresh and excellent music recordings, and rising smartphone use in conjunction with high-speed internet access.
Q4. What are the major segments for music recording market?
Answer: The future of the music recording market looks promising with opportunities in the mechanical, performance, synchronization, and digital markets.
Q5. Who are the key music recording market companies?
Answer: Some of the key music recording companies are as follows:
• Universal Music Group
• Sony Music Publishing
• Warner Music Group
• BMG Rights Management
• Kobalt Music Group
Q6. Which music recording market segment will be the largest in future?
Answer: Lucintel forecasts that pop is expected to witness the highest growth over the forecast period.
Q7. In music recording market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to growing popularity of smartphones and increasing interest of music among consumers in developing nations, particularly China and India.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the music recording market by genre (rock, hip hop, pop, jazz, and others), type (music publishing and music recording), application (mechanical, performance, synchronization, digital, and others), end use (individual and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Music Recording Market, Music Recording Market Size, Music Recording Market Growth, Music Recording Market Analysis, Music Recording Market Report, Music Recording Market Share, Music Recording Market Trends, Music Recording Market Forecast, Music Recording Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.