Overview and Scope
Independent artists and performing art companies are businesses that primarily produce live performances by actors and actresses, singers and dancers, musical groups and artists, and other performing artists. An independent artist refers to a musician or music group that has not signed a record label. Performing art means live performances by actors and actresses, singers and dancers, musical groups and artists, and other performing artists.
Sizing and Forecast
The independent artists and performing art companies market size has grown strongly in recent years. It will grow from $216 billion in 2023 to $228.99 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to strong emerging markets growth, growth in world population, government initiatives and increase in concerts.
The independent artists and performing art companies market size is expected to see strong growth in the next few years. It will grow to $286.07 billion in 2028 at a compound annual growth rate (CAGR) of 5.7%. The growth in the forecast period can be attributed to emergence of independent artists, rising tourism, increase in arts e-commerce purchases and economic growth. Major trends in the forecast period include collaborating and partnering with other businesses and organizations, adopting augmented reality in order to introduce better experience and entertain the audience, adopting new music platforms to gain more opportunities to expand and grow, adopting digital streaming of content to be more competitive in the market, adopting mobile ticketing for all of the performing art events for easier accesses to performances, consider offering ambient scenting in live performances to make the shows more immersive and entertaining consider expanding their businesses in order to promote more public involvement in events.
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Segmentation & Regional Insights
The independent artists and performing art companies market covered in this report is segmented –
1) By Type: Performing Arts, Visual Arts
2) By End User: Independent Artists , Art Companies
Subsegments Covered: Theater Companies And Dinner Theaters, Dance Companies, Musical Groups And Artists, Other Performing Arts Companies, Painters, Decorative Artists, Musicians And Singers, Theater Actors/Artists, Other Independent Artists
Asia-Pacific was the largest region in the independent artists and performing art companies’ market in 2023. Eastern Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the independent artists and performing art companies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Performing arts companies are partnering with military and veteran organizations, urban equity programs, and businesses to address social issues. These partnerships allow them to achieve their mutual goals of building audiences, cutting costs, and addressing homelessness, hunger, and other social issues. For instance, in Miami, design, tourism and business leaders, and zoo management collaborated through the Miami-Dade County Department of Cultural Affairs to change the course of the addressed issues through government policies.
Key Industry Players
Major companies operating in the independent artists and performing art companies market report are Broadway Theatre, AMC Entertainment Holdings Inc, Bolshoi Theatre, Poly Culture Group Corporation Limited, The Metropolitan Opera Association, New Jersey Performing Arts Center, Sydney Opera House, American Ballet Theatre, Roundabout Theatre, Lyric Opera of Chicago, Moscow Art Theatre, Saregama India Limited, EE-Media, Head Records, Outside Music, Royal National Theatre, Plus One Records, The Bolshoi Ballet of Moscow, Genjing Records, Kirov, Stanislavski and Nemirovich-Danchenko Theatre, Dew Process, MGM Distribution, Royal Shakespeare Company, Russian State Institute of Performing Arts, English National Opera, Hipgnosis Songs Fund, Pest Productions, Royal Opera, Regal Entertainment Group, Egyptian Modern Dance Theatre Company, Domino Music, Remote Control Records Pty Ltd, Lenkom Theatre, Moscow Hermitage Garden, Believe Music, Friends of Air, Sala Minas Gerais, Shock Records, Sharjah Performing Arts Academy, Birmingham Royal Ballet, Sony Music Entertainment India Pvt Ltd, DEREVO, Durov Animal Theater, Mayakovsky Theatre, Modern Sky, Moscow Pushkin Drama Theatre, Moscow Satire Theatre, Ocean Butterflies Music, Outdustry, Teatro Solís, Market Theatre and the Performing Arts Council of the Free State, Times Music, Liberation Music, Russian Institute of Theatre Arts – GITIS, Carmike Cinemas Inc, South African State Theatre, The Playhouse Company, Theatro Municipal de São Paulo, Sovremennik Theatre, Edge Of Arabia, Split Works, Artlist, Deezer, Cape Performing Arts Board (CAPAB), Tips Industries Limited, Universal Music India, UMusic, Artscape Theatre, T-Series Limited
The independent artists and performing art companies market report table of contents includes:
1. Executive Summary
2. Independent Artists And Performing Art Companies Market Characteristics
3. Independent Artists And Performing Art Companies Product/Service Analysis -Product/Service Examples
4. Independent Artists And Performing Art Companies Market Trends And Strategies
5. Independent Artists And Performing Art Companies Market – Macro Economic Scenario
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68. Global Independent Artists And Performing Art Companies Market Competitive Benchmarking
69. Global Independent Artists And Performing Art Companies Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Independent Artists And Performing Art Companies Market
71. Independent Artists And Performing Art Companies Market Future Outlook and Potential Analysis
72. Appendix
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