SEARCH   
MEMBER LOGIN    

Concert & Event Promotion in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Concert & Event Promotion Market Research Report | NAICS 71133 | Mar 2015

Sold out: Rises in discretionary spending and corporate profit will drive growth

IBISWorld’s Concert & Event Promotion market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$25bn
Annual Growth 10-15
4.7%
Annual Growth 15-20
Add to Cart
Profit
Add to Cart
Employment
211,076
Businesses
68,774
Industry Analysis & Industry Trends

The music industry's continued shift toward live performances has contributed significantly to the Concert and Event Promotion industry over the past five years. With physical and digital record sales in continual decline, live musical performance has become a major revenue earner for both musicians and event promoters. In the coming years, overall disposable income levels have heavily influenced consumers' readiness and ability to attend events. Events are an affordable luxury compared with vacations, and due to Americans' persistent demand for live entertainment, this industry is expected to thrive as consumers' disposable incomes continue to grow... purchase to read more

Industry Report - Industry Key Buyers Chapter

With nearly 50,000 event promoters spread throughout the United States, the Concert and Event Promotion industry is extremely fragmented. The overwhelming majority of promoters have a limited geographic reach and very few employees. In 2015 the industry's four largest companies are estimated to account for 24.2% of industry revenue. The industry's largest player, Live Nation Worldwide, is estimated to account for 17.1% of industry revenue. The company has enjoyed success over the past five years because it has consolidated its position in the industry through mergers and acquisitions. Most notably, the company merged with Ticketmaster in 2010, creating the most powerful live event promotion company in the US... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Concert & Event Promotion Industry?

This industry creates, manages and promotes live performances and events, ranging from concerts and theater performances to state fairs and air shows. Some promoters lease space from stadium, arena and theater owners, while others own and operate venues.

Industry Products
Live music concertsTheatrical performancesNonfranchise sporting events (e.g. rodeo, boxing)Fairs, pageants, ethnic festivals and other eventsPublic appearances and speeches
 
Industry Activities
Managing venues (e.g. arenas, amphitheaters, clubs and stadiums) Organizing logistics for events (e.g. concerts, tours, shows, festivals and pageants)Promoting and marketing eventsBooking talent, including musicians and performers, for events


View Sample
Quote
Select Clients