Music tourism tipped to reach $400.5bn by 2032
A new report has outlined the market's colossal potential as countries around the world step up their efforts to capitalise on the trend
News By James Hanley | 6 October 2025
The music tourism market is on target to reach US$400.5 billion (€342.2bn) by 2032 as territories step up their efforts to capitalise on the trend.
According to a new report by Credence Research, the global market was valued at $102bn last year and is projected to grow at a compound annual growth rate (CAGR) of 18.6% over the forecast period.
The report credits rising demand for live music experiences, festivals and destination-based events “that combine travel with entertainment”, noting that millennials and…
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