PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1650969
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1650969
Music Recording Industry
Global Music Recording Industry Market to Reach US$123.4 Billion by 2030
The global market for Music Recording Industry estimated at US$79.5 Billion in the year 2024, is expected to reach US$123.4 Billion by 2030, growing at a CAGR of 7.6% over the analysis period 2024-2030.
The U.S. Market is Estimated at US$20.7 Billion While China is Forecast to Grow at 11.2% CAGR
The Music Recording Industry market in the U.S. is estimated at US$20.7 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$29.7 Billion by the year 2030 trailing a CAGR of 11.2% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.0% and 6.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.5% CAGR.
Global Music Recording Market - Key Trends and Drivers Summarized
Music Composition and Production is an Ingenious Art that Harmonizes Creativity and Technology
Human ingenuity in music composition and production represents a pinnacle of creativity and technical skill, blending art with science in ways that continually push cultural and technological boundaries. Composers draw from a deep well of inspiration, using theory, emotion, and a profound understanding of sound to create intricate melodies and harmonies that can convey complex stories and emotions. The production side of music, equally reliant on innovation, involves sophisticated technology and sound engineering techniques to capture, enhance, and reproduce the music with high fidelity. This process has evolved dramatically with advancements in digital technology, allowing producers to manipulate sound in intricate ways and distribute music globally with the click of a button. The collaboration between artists and engineers in crafting a single piece of music is a testament to human creativity and technological progress, showcasing our ability to transform abstract concepts into profound auditory experiences that resonate across different cultures and epochs.
How Has the Art of Music Recording Transformed the Sound of Music?
Music recording has fundamentally transformed the way we create, distribute, and consume music, evolving from simple mechanical capture techniques to sophisticated digital processes. The journey began with Thomas Edison’s phonograph in the late 19th century, which recorded sound onto a tinfoil cylinder. This method was later replaced by the gramophone and vinyl records, which introduced electrical recording techniques that significantly improved audio quality. The mid-20th century saw the advent of magnetic tape, enabling multitrack recording and giving artists and producers unprecedented control over their music, fostering a period of great creativity and innovation in the music industry. In recent decades, digital recording has revolutionized the field yet again by facilitating editing, copying, and distribution of music at an unprecedented scale. Each leap in technology has brought profound changes to music’s accessibility, sound quality, and the very nature of musical composition and performance, allowing for more experimentation and personalization in music production.
What Are the Current Technologies Shaping Music Recording Today?
Today, digital technology dominates the music recording industry, with software and digital audio workstations (DAWs) allowing musicians to record, edit, and produce music from virtually anywhere. Advances in computer technology and software have democratized music production, making high-quality recording tools available to anyone with a laptop. Popular DAWs like Ableton Live, Pro Tools, and Logic Pro offer a range of sophisticated features that were once only accessible in professional studios. Additionally, plugins and virtual instruments have expanded the sonic possibilities available to musicians, enabling them to incorporate a vast array of sounds and effects without the need for physical instruments or recording spaces. The use of AI and machine learning in music production is also on the rise, offering new ways to mix and master tracks, generate music, and even predict musical trends, further pushing the boundaries of how music is created and experienced.
How Does the Global Music Industry Leverage Recording Innovations?
The global music industry has leveraged recording innovations to expand its reach and influence, adapting to changes in technology and consumer behavior to find new revenue streams. The shift from physical media to digital downloads was swiftly followed by the rise of streaming services, such as Spotify, Apple Music, and YouTube, which now serve as the primary distribution channels for recorded music. These platforms have changed the economic model of the music business, emphasizing access over ownership, which has significant implications for how music is monetized and how artists are compensated. Furthermore, the ease of distributing music digitally has encouraged a surge in independent music production, allowing artists to bypass traditional industry gatekeepers and reach global audiences directly. This democratization has led to a more diverse range of music becoming available and has changed the dynamics of the music industry, challenging established record labels to adapt and innovate.
What Drives the Growth in the Music Recording Market?
The growth in the music recording market is driven by several factors, including technological advancements, changing consumer preferences, and the increasing globalization of music. The continuous development of more accessible and sophisticated recording technologies has lowered barriers to music production, allowing more artists to create and share their work. Consumer demand for streaming services continues to rise, promoting growth in the digital music sector and influencing how music is marketed and consumed. Additionally, the global appetite for diverse musical styles promotes cross-cultural collaborations and innovations in music recording. The growing influence of social media platforms in discovering and promoting new talent also contributes significantly to the dynamics of the market. As these platforms become integral to marketing strategies, they impact how music is released and consumed, driving further growth in the industry. These factors collectively contribute to a vibrant and rapidly evolving music recording landscape, meeting the needs of a broad and varied audience worldwide.
SCOPE OF STUDY:
The report analyzes the Music Recording Industry market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Segment (Music Recording)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
Select Competitors (Total 233 Featured) -
- Apple, Inc.
- Sony Music Entertainment
- Spotify Technology S.A.
- Universal Music Group
- Warner Music Group, Inc.
- BMG Rights Management GmbH
- Kobalt Music Group
TABLE OF CONTENTS
I. METHODOLOGY
II. EXECUTIVE SUMMARY
- 1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Global Economic Update
- Music Recording Industry - Global Key Competitors Percentage Market Share in 2025 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2025 (E)
- 2. FOCUS ON SELECT PLAYERS
- 3. MARKET TRENDS & DRIVERS
- Rise in Music Consumption Sets the Stage for Growth
- Resurgence of Vinyl Records Throws the Spotlight On Nostalgic Music Consumption
- Advances in Digital Recording Technology Propel Industry Growth
- Growth of Independent Music Labels Expands Addressable Market Opportunity
- Increasing Use of Music Streaming Services Influences Recording Industry Dynamics
- Consumer Demand for High-Quality Audio Strengthens Market for Advanced Recording Equipment
- Copyright and Intellectual Property Issues Impact Music Production and Distribution
- Rising Popularity of Music Festivals and Live Performances Bolsters Industry Growth
- Technological Advances in Sound Engineering Enhance Recording Quality
- Integration of AI in Music Composition and Production Sets the Stage for Innovation
- 4. GLOBAL MARKET PERSPECTIVE
- TABLE 1: World Music Recording Industry Market Analysis of Annual Sales in US$ Million for Years 2015 through 2030
- TABLE 2: World Recent Past, Current & Future Analysis for Music Recording Industry by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
- TABLE 3: World Historic Review for Music Recording Industry by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
- TABLE 4: World 15-Year Perspective for Music Recording Industry by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2015, 2025 & 2030
III. MARKET ANALYSIS
- UNITED STATES
- Music Recording Industry Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2025 (E)
- TABLE 5: USA Recent Past, Current & Future Analysis for Music Recording Industry by Segment - Music Recording - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 6: USA Historic Review for Music Recording Industry by Segment - Music Recording Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
- CANADA
- TABLE 7: Canada Recent Past, Current & Future Analysis for Music Recording Industry by Segment - Music Recording - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 8: Canada Historic Review for Music Recording Industry by Segment - Music Recording Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
- JAPAN
- Music Recording Industry Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2025 (E)
- TABLE 9: Japan Recent Past, Current & Future Analysis for Music Recording Industry by Segment - Music Recording - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 10: Japan Historic Review for Music Recording Industry by Segment - Music Recording Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
- CHINA
- Music Recording Industry Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2025 (E)
- TABLE 11: China Recent Past, Current & Future Analysis for Music Recording Industry by Segment - Music Recording - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 12: China Historic Review for Music Recording Industry by Segment - Music Recording Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
- EUROPE
- Music Recording Industry Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2025 (E)
- TABLE 13: Europe Recent Past, Current & Future Analysis for Music Recording Industry by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
- TABLE 14: Europe Historic Review for Music Recording Industry by Geographic Region - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
- TABLE 15: Europe 15-Year Perspective for Music Recording Industry by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2015, 2025 & 2030
- FRANCE
- Music Recording Industry Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2025 (E)
- TABLE 16: France Recent Past, Current & Future Analysis for Music Recording Industry by Segment - Music Recording - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 17: France Historic Review for Music Recording Industry by Segment - Music Recording Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
- GERMANY
- Music Recording Industry Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2025 (E)
- TABLE 18: Germany Recent Past, Current & Future Analysis for Music Recording Industry by Segment - Music Recording - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 19: Germany Historic Review for Music Recording Industry by Segment - Music Recording Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
- ITALY
- TABLE 20: Italy Recent Past, Current & Future Analysis for Music Recording Industry by Segment - Music Recording - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 21: Italy Historic Review for Music Recording Industry by Segment - Music Recording Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
- UNITED KINGDOM
- Music Recording Industry Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2025 (E)
- TABLE 22: UK Recent Past, Current & Future Analysis for Music Recording Industry by Segment - Music Recording - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 23: UK Historic Review for Music Recording Industry by Segment - Music Recording Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
- SPAIN
- TABLE 24: Spain Recent Past, Current & Future Analysis for Music Recording Industry by Segment - Music Recording - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 25: Spain Historic Review for Music Recording Industry by Segment - Music Recording Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
- RUSSIA
- TABLE 26: Russia Recent Past, Current & Future Analysis for Music Recording Industry by Segment - Music Recording - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 27: Russia Historic Review for Music Recording Industry by Segment - Music Recording Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
- REST OF EUROPE
- TABLE 28: Rest of Europe Recent Past, Current & Future Analysis for Music Recording Industry by Segment - Music Recording - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 29: Rest of Europe Historic Review for Music Recording Industry by Segment - Music Recording Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
- ASIA-PACIFIC
- Music Recording Industry Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2025 (E)
- TABLE 30: Asia-Pacific Recent Past, Current & Future Analysis for Music Recording Industry by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
- TABLE 31: Asia-Pacific Historic Review for Music Recording Industry by Geographic Region - Australia, India, South Korea and Rest of Asia-Pacific Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
- TABLE 32: Asia-Pacific 15-Year Perspective for Music Recording Industry by Geographic Region - Percentage Breakdown of Value Sales for Australia, India, South Korea and Rest of Asia-Pacific Markets for Years 2015, 2025 & 2030
- AUSTRALIA
- Music Recording Industry Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2025 (E)
- TABLE 33: Australia Recent Past, Current & Future Analysis for Music Recording Industry by Segment - Music Recording - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 34: Australia Historic Review for Music Recording Industry by Segment - Music Recording Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
- INDIA
- Music Recording Industry Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2025 (E)
- TABLE 35: India Recent Past, Current & Future Analysis for Music Recording Industry by Segment - Music Recording - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 36: India Historic Review for Music Recording Industry by Segment - Music Recording Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
- SOUTH KOREA
- TABLE 37: South Korea Recent Past, Current & Future Analysis for Music Recording Industry by Segment - Music Recording - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 38: South Korea Historic Review for Music Recording Industry by Segment - Music Recording Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
- REST OF ASIA-PACIFIC
- TABLE 39: Rest of Asia-Pacific Recent Past, Current & Future Analysis for Music Recording Industry by Segment - Music Recording - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 40: Rest of Asia-Pacific Historic Review for Music Recording Industry by Segment - Music Recording Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
- LATIN AMERICA
- Music Recording Industry Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2025 (E)
- TABLE 41: Latin America Recent Past, Current & Future Analysis for Music Recording Industry by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
- TABLE 42: Latin America Historic Review for Music Recording Industry by Geographic Region - Argentina, Brazil, Mexico and Rest of Latin America Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
- TABLE 43: Latin America 15-Year Perspective for Music Recording Industry by Geographic Region - Percentage Breakdown of Value Sales for Argentina, Brazil, Mexico and Rest of Latin America Markets for Years 2015, 2025 & 2030
- ARGENTINA
- TABLE 44: Argentina Recent Past, Current & Future Analysis for Music Recording Industry by Segment - Music Recording - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 45: Argentina Historic Review for Music Recording Industry by Segment - Music Recording Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
- BRAZIL
- TABLE 46: Brazil Recent Past, Current & Future Analysis for Music Recording Industry by Segment - Music Recording - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 47: Brazil Historic Review for Music Recording Industry by Segment - Music Recording Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
- MEXICO
- TABLE 48: Mexico Recent Past, Current & Future Analysis for Music Recording Industry by Segment - Music Recording - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 49: Mexico Historic Review for Music Recording Industry by Segment - Music Recording Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
- REST OF LATIN AMERICA
- TABLE 50: Rest of Latin America Recent Past, Current & Future Analysis for Music Recording Industry by Segment - Music Recording - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 51: Rest of Latin America Historic Review for Music Recording Industry by Segment - Music Recording Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
- MIDDLE EAST
- Music Recording Industry Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2025 (E)
- TABLE 52: Middle East Recent Past, Current & Future Analysis for Music Recording Industry by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2024 through 2030 and % CAGR
- TABLE 53: Middle East Historic Review for Music Recording Industry by Geographic Region - Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
- TABLE 54: Middle East 15-Year Perspective for Music Recording Industry by Geographic Region - Percentage Breakdown of Value Sales for Iran, Israel, Saudi Arabia, UAE and Rest of Middle East Markets for Years 2015, 2025 & 2030
- IRAN
- TABLE 55: Iran Recent Past, Current & Future Analysis for Music Recording Industry by Segment - Music Recording - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 56: Iran Historic Review for Music Recording Industry by Segment - Music Recording Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
- ISRAEL
- TABLE 57: Israel Recent Past, Current & Future Analysis for Music Recording Industry by Segment - Music Recording - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 58: Israel Historic Review for Music Recording Industry by Segment - Music Recording Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
- SAUDI ARABIA
- TABLE 59: Saudi Arabia Recent Past, Current & Future Analysis for Music Recording Industry by Segment - Music Recording - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 60: Saudi Arabia Historic Review for Music Recording Industry by Segment - Music Recording Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
- UNITED ARAB EMIRATES
- TABLE 61: UAE Recent Past, Current & Future Analysis for Music Recording Industry by Segment - Music Recording - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 62: UAE Historic Review for Music Recording Industry by Segment - Music Recording Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
- REST OF MIDDLE EAST
- TABLE 63: Rest of Middle East Recent Past, Current & Future Analysis for Music Recording Industry by Segment - Music Recording - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 64: Rest of Middle East Historic Review for Music Recording Industry by Segment - Music Recording Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
- AFRICA
- Music Recording Industry Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2025 (E)
- TABLE 65: Africa Recent Past, Current & Future Analysis for Music Recording Industry by Segment - Music Recording - Independent Analysis of Annual Sales in US$ Million for the Years 2024 through 2030 and % CAGR
- TABLE 66: Africa Historic Review for Music Recording Industry by Segment - Music Recording Markets - Independent Analysis of Annual Sales in US$ Million for Years 2015 through 2023 and % CAGR
IV. COMPETITION
