Concert ticket market to top $24bn by 2021
The global market for live music ticketing is predicted by grow by an average of 7% annually in the next five years. Here's how the major players stacked up in 2016
News By | 17 February 2017
The value of the global concert ticket market is set to increase by almost 7% annually through 2021.
Technavio’s Global Ticket Market 2017–2021 report, seen by IQ, reveals the compound annual growth rate (CAGR) of the live music ticketing sector will average 6.92% from 2016 to 2021, reaching a value of US$24.55 billion in 2021.
That figure compares to the 3% CAGR through 2020 predicted for live music revenues by PricewaterhouseCoopers (PwC) in its Global Entertainment Media Outlook study, which IQ drew upon extensively for the 2016 International Ticketing Yearbook.
According to Technavio, only film ticketing will grow faster (7.31% CAGR), as can be seen in the below graph, with concert ticket sales boosted by major tours by stadium-filling acts such as Rihanna, Coldplay, Justin Bieber and Metallica.
With those predictions in mind, we’ve delved into…
You've used your free article this month
Create a free account to read 3 articles per month, or subscribe for unlimited access.
