Global Music Recording Market Size and Forecast 2023-2032 | Bertelsmann SE & Co KGaA, FUJI MEDIA HOLDINGS Inc., Hasbro Inc., and GMM Grammy Public Company Limited.

The Music Recording Global Market Report 2023, provides comprehensive information on the music recording market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Music Recording Global Market Report 2023, the global music recording market grew from $51.52 billion in 2022 to $54.84 billion in 2023 at a compound annual growth rate (CAGR) of 6.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The music recording market is expected to grow to $69.06 billion in 2027 at a CAGR of 5.9%.

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The music recording market is segmented:

1) By Type: Record Production, Music Publishers, Record Distribution, Sound Recording Studios

2) By Application: Mechanical, Performance, Synchronization, Digital, Other Applications

3) By End-User: Individual, Commercial

4) By Genre: Rock, Hip hop, Pop, Jazz, Other Genres

Asia-Pacific was the largest region in the music recording market in 2022.

The table of contents in TBRC’s music recording market report includes:

1. Executive Summary

2. Report Structure

3. Music Recording Market Characteristics

4. Music Recording Market Product Analysis

5. Music Recording Market Supply Chain

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21. Key Mergers And Acquisitions In The Music Recording Market

22. Market Background: Film And Music Market

23. Recommendations

24. Appendix

25. Copyright And Disclaimer

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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.

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