Performing Art Companies Market Size
| Study Period | 2019-2028 |
| Base Year For Estimation | 2022 |
| CAGR | 6.10 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Performing Art Companies Market Analysis
The global performing art companies market was valued at USD 41.5 billion in the current year and is expected to register a CAGR of 6.1% during the forecasted period.
The outbreak of the COVID-19 pandemic had a significant impact on the global market for performing arts companies. Due to the social distancing and lockdown measures put in place to contain the spread of the virus, many live performances and events were canceled or postponed, leading to a significant decrease in revenue for companies in the industry. The pandemic also had a considerable impact on employment in the industry. With the cancellation of live performances and events, many artists and other workers in the performing arts industry were left without work. The closure of theaters, concert halls, and other performance venues also had a significant impact on the livelihoods of those working in the industry.
The global market for performing arts companies is a diverse and dynamic industry that includes a wide range of activities such as theater, dance, music, and opera, among others. The industry encompasses a broad range of businesses, from small local theaters to large-scale production companies. The market has experienced steady growth in recent years, driven by factors such as the increasing popularity of live performances, rising demand for unique and authentic experiences, and the development of digital technology in the entertainment industry. Overall, the global market for performing arts companies is a vibrant and constantly evolving industry driven by a passion for creativity and innovation. Despite the challenges posed by the pandemic, the industry is expected to continue to grow and develop in the coming years.
Performing Art Companies Market Trends
Increasing Demand for Live Entertainment
The increasing demand for live entertainment is one of the major growth drivers of the global market for performing arts companies. Despite the rise of digital entertainment options, there is still a strong demand for live performances, including concerts, theater productions, dance performances, and more. Live performances offer a unique experience that digital media cannot replicate. The opportunity to see talented performers live and in person is a draw for many people, and the social aspect of attending live events is also a factor.
Live performances provide an escape from everyday life and can transport audiences to different worlds and experiences. This is particularly important during times of stress or uncertainty. Attending live performances is often a social activity that brings people together and creates shared experiences. This can be a powerful draw for many people. Many people have fond memories of attending live performances in the past and may seek to recreate those experiences for themselves or share them with others. Overall, the increasing demand for live entertainment is a key driver of growth in the global market for performing arts companies and is expected to continue to be so in the coming years.
Growth in Emerging Markets
The growth of emerging markets is another key factor driving growth in the global performing art companies market. Emerging markets, such as China, the United States, Japan, and others, are seeing significant change in the performing arts industry. As these countries experience economic growth, their middle class is expanding. This is leading to an increase in disposable income and a growing appetite for cultural experiences, including live performances.
Many emerging market governments are investing in the arts to promote cultural tourism and economic development. This has led to increased funding for the arts and the development of new cultural institutions. The growth of emerging markets has also led to technological advancements, which are used to enhance live performances and create new experiences for audiences. As emerging market artists and performers gain more global exposure, they attract new audiences and drive interest in the performing arts industry. Overall, the growth of emerging markets is expected to be a significant driver of growth in the global performing art companies market in the coming years. As these markets continue to grow and develop, they will create new opportunities for performing arts companies to expand their reach and generate more revenue.
Performing Art Companies Industry Overview
The global performing art companies market is highly fragmented. This means that there are a large number of companies operating in the industry, ranging from small local theater groups to large multinational corporations. While there are some dominant players in the market, such as major entertainment companies that own multiple performing arts venues and produce large-scale productions, the overall market is still highly competitive and diverse. Some major players in the market are The Walt Disney Company, Live Nation Entertainment, Cirque du Soleil, The Madison Square Garden Company, and Broadway Across America.
Performing Art Companies Market Leaders
The Walt Disney Company
Live Nation Entertainment
Cirque du Soleil
The Madison Square Garden Company
Broadway Across America
*Disclaimer: Major Players sorted in no particular order
Performing Art Companies Market News
- April 2023: Live Nation Entertainment and PayPal signed a multi-year deal to expand simple and secure payments to fans buying tickets worldwide.
- January 2022: The Walt Disney Company creates an international content group to expand the pipeline of local content and continue to grow its global direct-to-consumer business.
Performing Art Companies Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitutes
4.4.5 Intensity of Competitive Rivalry
4.5 Insights into Technological Innovations in the Market
4.6 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Type of Performing Arts
5.1.1 Theatre
5.1.2 Music and Opera
5.1.3 Dance
5.1.4 Circus and Other Art Forms
5.2 By Venue Type
5.2.1 Concert Halls
5.2.2 Theatres
5.2.3 Stadiums
5.3 By Ticket Pricing
5.3.1 Premium
5.3.2 Mid-Range
5.3.3 Economy
5.4 By Geography
5.4.1 North America
5.4.2 Asia-Pacific
5.4.3 Europe
5.4.4 Rest of the World
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 The Walt Disney Company
6.2.2 Live Nation Entertainment
6.2.3 Cirque du Soleil
6.2.4 The Madison Square Garden Company
6.2.5 Broadway Across America
6.2.6 National Theatre Company
6.2.7 Royal Shakespeare Company
6.2.8 Cameron Mackintosh Limited
6.2.9 The Shubert Organization
6.2.10 The Royal Opera House*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Performing Art Companies Industry Segmentation
The global performing art companies market refers to the industry that involves the production and presentation of live performances, including theater, dance, music, opera, comedy, and other forms of entertainment. It encompasses a diverse range of businesses, from small local theaters to large-scale production companies, and includes both nonprofit and for-profit organizations.
A complete background analysis of the Global Performing Art Companies Market, which includes an assessment of the economy, a market overview, market size estimation for key segments, emerging trends in the market, market dynamics, and key company profiles, is covered in the report. The global performing art companies market is segmented by type (theater, music and opera, dance, circus and other art forms), venue type (concert halls, theaters, and stadiums), ticket pricing (premium, mid-range, and economy), and geography (North America, Asia Pacific, Europe, and the Rest of the World). The report offers market size and forecasts for the global performing arts companies market in terms of transaction volume and/or revenue (USD million) for all the above segments.
| By Type of Performing Arts | |
| Theatre | |
| Music and Opera | |
| Dance | |
| Circus and Other Art Forms |
| By Venue Type | |
| Concert Halls | |
| Theatres | |
| Stadiums |
| By Ticket Pricing | |
| Premium | |
| Mid-Range | |
| Economy |
| By Geography | |
| North America | |
| Asia-Pacific | |
| Europe | |
| Rest of the World |
Performing Art Companies Market Research FAQs
What is the current Performing Art Companies Market size?
The Performing Art Companies Market is projected to register a CAGR of 6.1% during the forecast period (2023-2028).
Who are the key players in Performing Art Companies Market?
The Walt Disney Company, Live Nation Entertainment, Cirque du Soleil, The Madison Square Garden Company and Broadway Across America are the major companies operating in the Performing Art Companies Market.
Which is the fastest growing region in Performing Art Companies Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).
Which region has the biggest share in Performing Art Companies Market?
In 2023, the North America accounts for the largest market share in the Performing Art Companies Market.
Performing Art Companies Industry Report
Statistics for the 2023 Performing Art Companies market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Performing Art Companies analysis includes a market forecast outlook to for 2023 to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
