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Impact Of National And International Music Events On The Growth Of The Music Tourism Market: A Significant Driver Propelling The Music Tourism Market In 2025
Music Tourism Market
What Is the Music Tourism Market Size and Projected Growth Rate?
The music tourism market size will grow from $5.97 billion in 2024 to $6.53 billion in 2025, at a CAGR of 9.4%. The growth is attributed to the rise of iconic music festivals, the spread of popular music genres, the establishment of music-themed museums, growth in music recording industries, and the influence of legendary musicians.
The music tourism market will grow to $9.22 billion by 2029, at a CAGR of 9.0%. Growth is driven by virtual reality and augmented reality experiences, niche and specialized music festivals, eco-friendly tourism practices, music-themed cruises, and music streaming platforms. Trends include personalized music demand, sustainable practices, technology integration, wellness integration, and collaborations between mus
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What Are the Major Segments in the Music Tourism Market?
The music tourismmarket covered in this report is segmented -
1) By Type: Local Music, International Music
2) By Tourist: Pay To Visit, Get Paid To Visit
3) By Industry Vertical: Music Tourism, Fashion Tourism, Food Tourism, Sports Tourism, Medical Tourism, Other Industry Verticals
Subsegments:
1) Local Music:Regional Music Festivals, Traditional Music Events, Folk Music Tours, Local Artist Performances, Cultural Music Experiences
2) International Music: International Music Festivals, World Music Tours, Global Artist Performances, International Concert Tours, Cross-cultural Music Experiences
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What Are The Driving Music Tourism Market Evolution?
The rise in national and international music events is expected to drive the growth of the music tourism market. National and international music events are becoming more popular due to globalization and advancements in digital marketing, offering unique entertainment experiences. Music tourism promotes these events, attracting diverse audiences and increasing revenue. In 2022, the top 100 amphitheaters generated $814 million from ticket sales. Therefore, the rise in music events is stimulating the growth of the music tourism market.
Which Firms Dominate The Music Tourism Market Segments?
Major companies operating in the music tourism market are Anschutz Entertainment Group, Live Nation Entertainment Inc., Ticketmaster Entertainment LLC, Pollstar LLC, Vivid Seats LLC, VenuWorks Inc., StubHub Inc., Eventbrite Inc., SeatGeek Inc., Front Gate Tickets LLC, Glastonbury Festivals Ltd., Songkick.com Inc., The Air Group (TAG) Ltd., Only Much Louder Entertainment Pvt. Ltd., Festicket Ltd., C3 Presents LLC, AEG Presents LLC, Bandsintown LLC, ID&T Belgium BVBA, Percept Limited, Festival Ticketing Ltd., ACFEA Tour Consultants Inc., Global Spectrum L.P., SFX Entertainment Inc., Gigantic Tickets Ltd.
What Trends Are Driving Growth in The Music Tourism Market?
Companies in the music tourism market are creating unique experiences, like night cultural tourism products, to provide memorable cultural engagements. Night cultural tourism includes participating in cultural activities and visiting attractions like performances and festivals during evening and nighttime hours. For instance, Hanoi Opera House, located in Vietnam, launched the Music Garden in March 2024. This unique tourism product features the Music Garden, an outdoor venue for cultural and musical events, in collaboration with embassies to showcase international music. The Music Garden offers shows with traditional instruments and classical music from 9 am to 12 pm and 1 pm to 6 pm, while evening performances include classical music concerts and domestic and international singers from 7:30 pm to 10 pm.
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Which Is The Largest Region In The Music Tourism Market?
North America was the largest region in the music tourism market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the music tourism market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Music Tourism Market?
2. What is the CAGR expected in the Music Tourism Market?
3. What Are the Key Innovations Transforming the Music Tourism Industry?
4. Which Region Is Leading the Music Tourism Market?
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