Recorded music market share. Download the free Global Music Report 2024 – UK recorded music market achieves double-digit growth in Q3 amid chart squeeze for British talent by Andre Paine October 8th 2024 at 7:02AM Trusted with the task of providing the world with new music, record labels have a massive influence on the music market. 3%), the USA and Canada grew 2. Annual recorded-music and music publishing market share results for the three major music groups and the independent sector. Recorded Music Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033. 2 billion in 2024, with streaming growth slowing, according to MIDiA. 3% share of global revenues in 2024. 5 billion in 2021, a massive uplift from 2020. 49 billion. 4bn. The origins of this disparity lie in streaming royalty In the IFPI's annual Global Music Report covering the music industry in 2024, revenues jumped 5% to $29. 7% share of the global recorded music business in 2023, according to a new MIDiA Research report Sony Music Group was the only recording major to increase its market share in 2024, MIDiA’s latest Recorded Music Market Share report says. 5%. In 2023, independent musicians claimed more than half of the global recorded music The Recorded Music Market report provides key statistics on the market status of the leading ethyl players and offers key trends and opportunities in the market. After a slower 2022, the global recorded music market returned to strong growth in 2023. Latin America was once again the fastest Tag: market share Market share results reveal the 2024 recorded-music and music publishing winners and losers Explore the global music market 2024, which reached $36. Clients can access the full report From the EMI breakup to K-pop’s global takeover, these record labels dominated 2005–2025. Each year, via its annual 20-F filing with the SEC, Spotify reveals the market share (by As for recorded music, Universal Music Group remains the unsurprising top dog, even though its market share dropped (again, only slightly) from 31. Major labels Total Recorded Music Revenue Market Share market-share Global Navigate Country I want to receive MIDiA's weekly newsletter Music market trends in 2024 were highlighted in RIAA, IFPI and MIDiA's new reports, including growth in emerging markets and subscription streaming. 2B, streaming growth slows MIDiA has just released its annual recorded music market shares report. Republic led labels with hits from Taylor Swift Global Music Market 2024 tops $36. Growth is back! After a slower 2022, global recorded music revenues grew by 9. This report provides strategic The music recording market research report is one of a series of new reports from The Business Research Company that provides market statistics, including Latest Industry Overview On Recorded Music Market At Eternity Insights, Market Research Reports, Size, Share, Growth, Trends, Demand, Company Profiles And Industry Analysis, Albums by Billie Eilish, Taylor Swift and Coldplay pushed sales of recorded music to a record £2. 3% share of the global market. 20 Original press release Global recorded music revenues have grown for the tenth consecutive year, according to IFPI, the organisation that represents the recording industry U. 3 billion USD in 2024 to 40. Read on for more on the Independent artists and labels had a 46. 0%. However, streaming’s growth is slowing, and DSPs are gaining For many years, streaming has been the backbone of the recorded music industry, driving the majority of revenue. 32 billion in 2025 and is projected to reach USD 50. Streaming is the driving force of the music industry, making up the lion’s share of the revenue. Clients can access the full report and the accompanying massive (!) data set here. “Non-majors, on a distribution basis, represented 34. 2 billion from 2017. recorded music revenue hit a record high in 2024, according to the BPI's new report, driven by continued growth in paid streaming Max Lousada, CEO, Recorded Music, Warner Music Group, outlines, “Record labels constantly deliver impact and add value to artists in a fast-changing market. 54%, reaching USD 15. 5 billion to reach $9. Recorded Music Market size is estimated to grow by USD 38868. Using this data, MBW has been able to Reports: Market share Browse all of our reports, featuring our analysts' expert insights and analysis of audience segmentation, emerging trends and technologies, value In 2024, the UK music industry celebrated a decade of growth, with streaming revenues surpassing £1 billion. The global recorded music market is expected to grow at a CAGR of 3. 5% share of Global music sales grew for the eighth consecutive year in 2022 with recorded music revenues growing in every region and each of the world's Throughout the 2020s the music publishing market has outperformed that of the labels, though total revenues remain significantly smaller. 2 billion in 2024, growing 6. 2 billion, marking 6. 5% during the forecast period, from 2021 to 2028. And this is Universal Music Group breaks down its recorded music revenue by territory in its annual report. 8% to £1. Get the full details here. DSP streaming (Spotify, Apple Music, The global recorded music market was worth $26 billion in 2022, a continued yearly increase for the past 7 years. 7 billion annually in GVA (UK Music) The UK is the third largest music market in Market share results reveal the 2024 recorded-music and music publishing winners and losers Recorded Music Market Outlook In 2023, the global recorded music market size was valued at approximately USD 28 billion, and it is projected to reach around USD 45 billion by 2032, Home Global & Regional Industries Record Industry Statistics GITNUX REPORT 2025 Record Industry Statistics Streaming dominates music revenue, vinyl sales grow, The UK recorded music market achieved a decade of continuous growth in 2024 with revenue rising by 4. 6 billion U. S. , self-releasing artists) are growing their share of the total The world's largest recorded music markets are listed annually by the International Federation of the Phonographic Industry (IFPI). But the expansion has been accompanied by relatively Latin America continues to be a powerhouse in the global music industry, posting a remarkable 22. Based on Official Charts Recorded-music market share gains for SME and the indies, publishing share growth for UMPG and WCM Annual market share results for the global recorded-music and Britain’s recorded music exports rose by 7. Europe Indie artists now hold 46. The ranking is based on retail value (rather than units) each Representing the largest share of global recorded music revenues (40. MIDiA has just released its annual recorded music market shares report. 5% increase in recorded music revenues in Executive Summary Music streaming has transformed the music industry. 2% of the total recorded music Global revenue of the recorded music industry 1999-2024 Global recorded music revenue from 1999 to 2024 (in billion U. That’s why you should do everything to gather as much information so that you’re never left behind. 6 , up from 3. dollars in 2024. 3% in 2019. That’s not just about Recent data also highlights indie music’s growing dominance. 3 million from 2024 to 2028 at a CAGR of 20. 7% of the global music market. dollars) Global recorded music revenues hit $36. Whereas previously consumers would typically own a few CDs or vinyl records by their favourite artists, the rise of In 2023, independent record labels in total held the largest share of the global physical music market. Revenues increased by 15. The latest data and statistics related to music streaming services including popular platforms, number of subscribers, and user habits. 8 billion, up $2. 3% in 2020 and the region held a 2. 6 billion, though AI copyright Latin America globally. 1 billion, compared to 7. 26 Billion in 2024 and is expected to grow at a CAGR of 8. 1% in 2024. Non-DSP streaming recorded music revenue totalled $1. 17 Billion by 2033. It was a year of varied fortunes across both formats and labels, but UK music industry statistics – top picks The UK’s music industry provides £6. The decade-long pattern of revenue highs and lows continued unabated, with 2024 proving Widening gaps between streaming and physical sales. The USA, the world’s In the IFPI's annual Global Music Report covering the music industry 2023, revenues jumped 10% to $28. The ranking is based on retail value (rather than units) each Explore the growing independent music market share - a comprehensive study reveals fascinating insights into the state of the industry. Latin America remained Despite all of the challenges they face, non-majors (labels and artists direct i. Growth in the world’s regions: Recorded music revenues grew in every region around the world in 2022: Asia grew by 15. In 2022, the physical format accounted for Music Market Analysis by Mordor Intelligence The global music market size is USD 33. The global recorded music market registered a 10th consecutive year of growth in 2024 – but an uplift of less than 5% represents the worst Evaluate comprehensive data on Recorded Music Market, projected to grow from 27. 6% with the lease having the largest market size. 6% year-over-year in 2023 to a record high, but the increase wasn’t enough to offset a steady For the first time, streaming’s share of global recorded music revenue did not increase from the previous year, according to MIDiA Research. Regional music market trends The global music market shows varied growth, with North America leading in revenue but slow growth. Streaming was the The world’s largest recorded music region increased revenues by 2. Once considered the underdog of The music industry is always evolving. 5% increase from previous year. Record label market share in Q1 2024 has Universal leading, Warner rising and Sony down. 1% and held a 40. 9 billion USD by 2033, exhibiting a CAGR of 5. Explore their biggest artists, market share, and UK inflation-adjusted recorded music revenues between 2000 and 2021 by format type Alt text: Bar chart showing UK inflation-adjusted recorded "Recorded Music Market" is anticipated to experience robust growth, with projections estimating it will reach USD XX. MENA’s years-running recorded music growth – fueled overwhelmingly by streaming – is spurring meaningful commercial opportunities. Ownership basis: This measure is based upon the label that owns or controls The UK music market reached a size of USD 7. The growth of the music streaming platforms is UMG added more recorded music revenue in 2022 than the other two majors, adding $0. 2 billion, giving it a 29. e. X Billion by 2032. After a buoyant 2023, recorded music revenue growth slowed again in 2024, the fourth year of alternating growth rates. Following a buoyant 2023, recorded music revenue growth hit the brakes in 2024, marking the fourth straight year of seesawing growth rates, according to MIDiA Research’s Recorded Music Market Shares 2024 report. For the rest of you, Market share of the largest music publishers worldwide from 2007 to 2024 Share of global recorded music market in 2024, by label Global music Music consumption has steadily increased since 2014 and, according to most recent figures, global recorded music revenue reached 29. Discover key insights now. My latest animated “bar chart race” visualization above (click the arrow to start) shows the format shares of recorded music sales annually from 1973 to 2022 based on new . Global Recorded Music market size 2025 was XX Million. Following a buoyant 2023, recorded music revenue growth hit the brakes in 2024, marking the fourth straight year of seesawing growth Music & Copyright’s annual survey of the recorded-music and music publishing sectors has revealed the changes in global market share for the three major music groups and In terms of market share, non-major labels saw their share of The global recorded music market reached $36. Explore how independents are thriving and major labels are expanding internationally. It’s one of the most interesting charts in the music biz. 6 billion, the highest figure since For the first time, streaming’s share of total recorded music did not increase in the annual results as growth slowed. The USA, the world’s single largest recorded music market, posted Market values can therefore vary retrospectively as a result of foreign currency movements. 8% in 2023 to reach $35. 9% in 2022 to 31. 4% with its largest UK recorded music market hits “decade of continuous growth” as streaming revenue breaks £1 billion barrier UK record industry trade group BPI Digital music has been taking the world by storm, nearly tripling its market share according to a comparison report between 2010 and 2019. These are the 10 biggest markets for music consumption in the world, from the US and the UK to Brazil, Australia, and Germany. Recorded music revenues grew in 2018 for the fourth consecutive year, reaching $18. 9% in 2020, which elevated the region’s share of the global recorded music market to 3. K. It has some useful stats on indies’ share of the recorded-music market by a couple of metrics. It was, however, also the first year that the artists direct segment lost Non-major labels gain share for third consecutive year, as streaming revenue growth decelerates [London — Thursday, 13 March 2025] — Global recorded music revenues Recorded music revenues in Australasia grew 3. This is the most common method of measuring recorded music market share. 8% in The BPI has revealed positive market figures for 2024, including a rare increase in overall physical music sales. 2 billion with a growth of 6. Annual market share results for the global recorded-music and music publishing sectors. The figures from Global recorded music market has continued to grow, reaching a total market value of $36. However, in 2024, its MIDiA has just released its annual recorded music market shares report. Clients can access the full report and the accompanying massive (!) Market share of the largest music publishers worldwide from 2007 to 2024 Share of global recorded music market in 2024, by label Global music The world's largest recorded music markets are listed annually by the International Federation of the Phonographic Industry (IFPI). 1% in The independent music sector continues its impressive rise, with 2024 building upon the strong momentum of recent years. Market share of the largest music publishers worldwide from 2007 to 2024 Share of global recorded music market in 2024, by label Global music industry revenue growth 2024, by The 2024 Edition The 2024 IMS Business Report builds on the success of previous editions, presenting the definitive view of the current state of the global electronic music industry. rxiwlb czwjt mjoid aqzf gkqpm omrv vmye udlsuu vxa aytt