The Music Recording Global Market Report 2021-31 by The Business Research Company describes and explains the global music recording market and covers 2016 to 2021, termed the historic period, and 2022 to 2026, termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
The Music Recording Global Market Report 2022 covers music recording market drivers, music recording market trends, music recording market segments, music recording market growth rate, music recording market major players, and music recording market size.
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The music recording market report provides in-depth analysis of the impact of COVID-19 on the global music recording industry along with revised market numbers due to the effects of the coronavirus and the expected music recording market growth numbers for 2022-2031.
The global music recording market size is expected to grow from $47.40 billion in 2021 to $51.71 billion in 2022 at a compound annual growth rate (CAGR) of 9.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The music recording market share is expected to reach $70.61 billion in 2026 at a CAGR of 8.1%.
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Music Recording Global Market Report 2022 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
TBRC’s report covers the music recording market segments-
1) By Type: Record Production, Music Publishers, Record Distribution, Sound Recording Studios
2) By Application: Mechanical, Performance, Synchronization, Digital, Others
3) By End-User: Individual, Commercial
4) By Genre: Rock, Hip Hop, Pop, Jazz, Others
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