Independent Artists Market Size
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 104.61 Billion |
| Market Size (2029) | USD 149.91 Billion |
| CAGR (2024 - 2029) | 7.46 % |
| Fastest Growing Market | Europe |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Independent Artists Market Analysis
The Independent Artists Market size is estimated at USD 104.61 billion in 2024, and is expected to reach USD 149.91 billion by 2029, growing at a CAGR of 7.46% during the forecast period (2024-2029).
The market is witnessing robust growth, driven by the expansion of emerging markets, a growing global population, government backing, and a surge in concert attendance. These factors are propelling the industry on a promising path. Independent artists, with access to a wide range of opportunities and platforms, are fueling market innovation and creativity. As the appetite for distinctive artistic expressions escalates, the market is primed for further expansion, affording artists heightened visibility and a greater chance at success in this dynamic landscape.
Looking ahead, future growth will be propelled by the rise of independent artists, who are leveraging digital platforms to reach broader audiences and gain recognition. Additionally, the burgeoning tourism sector presents opportunities for artists to showcase their work on an international forum, driving demand for unique cultural experiences. Increased e-commerce sales in the art industry provide independent artists with new avenues for distribution and revenue generation. Moreover, technological advancements in technology, such as VR and AR, are revolutionizing the way art is created, marketed, and sold, opening up innovative possibilities for artists to explore. These factors collectively contribute to a promising outlook for the market, signalling major opportunities for growth and innovation in the coming years.
Independent Artists Market Trends
Visual Arts Segment Dominated the Market
The two main market segments for independent artists are visual and performing arts. The visual arts market was the largest segment of independent artists. In the future, the visual arts market is expected to be the fastest growing segment in the independent artists and performing art companies market segmented by art type, at a CAGR of 10% during the forecasted period.
The visual arts market comprises ceramics, photography, drawing & painting, and other visual arts. Like visual art, music is universal and accessible to people of many languages and cultures. Many individuals hear music in their dreams, and some see colors when they hear music; this is a type of synesthesia. Visual art can elicit an emotional reaction. Artists produce works that elicit emotions but also change one's mood, evoke memories, and provide comfort and inspiration because they share aspects such as harmony, balance, rhythm, and repetition in visual art.
Moreover, visual and performing arts organizations collaborate with corporations, urban equality initiatives, and military and veteran organizations to address social challenges. By working together, they may accomplish their shared objectives of growing audiences, saving money, and resolving societal concerns like hunger, homelessness, etc.
Asia Pacific is the Largest Region in the Independent Artists Market
Asia Pacific was the largest region in the independent artists and performing art companies market, accounting for 35.0% of the total in the current year. Western Europe followed it, and then the other regions. In the future, the fastest-growing regions in the independent artists market will be South America and Africa, where growth will be at CAGRs of 12.5% and 11.5%Singapore concerts, respectively. Asia Pacific and the Middle East, where the markets are expected to grow at CAGRs of 11.5% and 11.3 %, respectively.
Events that took place in Asia Pacific in the current year are the Thai music festival series POW Fest was back in June, for a three-day affair featuring YONLAPA, Death Of Heather, Dog Whine, Folk 9, and more. Taiwanese pop and rock veteran Lo Ta You was slated to perform his first-ever on Father's Day in June. Korean hip-hop group Epik High headed to Singapore, Melbourne, Sydney, Bangkok, and Jakarta for the Epik High Is Here Tour. The tour kicked off in Singapore on July 9, then headed to Australia for stops in Melbourne (July 11) and Sydney (July 12). The group then returns to Southeast Asia to perform in Bangkok, Thailand, Singapore concerts, Jakarta, and Indonesia.
Independent Artists Industry Overview
The global independent artists market is highly fragmented, with many small players. Some of the major players in the market include CJ Corp, Cineworld Group plc, AMC Entertainment Holdings, Inc., Cinemark Holdings, Inc., PVR Limited, The Metropolitan Opera Association, Cineplex Inc., Kinepolis Group NV, Village Roadshow Ltd., and INOX Leisure Limited, among others. The companies are introducing new music in the market using new technologies. They use various marketing strategies to increase their market shares. The market is expected to remain competitive over the forecasted period.
Independent Artists Market Leaders
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CJ Corp
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Cineworld Group plc
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AMC Entertainment Holdings, Inc.
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Cinemark Holdings, Inc.
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Cineplex Inc.
*Disclaimer: Major Players sorted in no particular order
Independent Artists Market News
- January 2023: AMC Entertainment Holdings, Inc., the largest theatrical exhibitor in the United States, in Europe & the Middle East, and the world, announced that following the successful launch of movie theatre operations in the Kingdom of Saudi Arabia in partnership with Saudi Entertainment Ventures (SEVEN), the Company has reached an agreement to transition from a management and investment role in the Saudi Cinema Company (SCC) to a pure licensing relationship.
- December 2022: Kinepolis Group NV acquired Les Cinémas Pathé Gaumont from Pathé SAS. Following this acquisition, Kinepolis France now operates 15 Kinepolis cinemas and one Arthouse cinema named Klub, with a total of 176 screens and over 40,000 seats.
Independent Artists 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 Value Chain Analysis
4.5 Industry Attractiveness: Porter's Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Insights into Technological Advancements in the Industry
4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Visual Arts
5.1.2 Performing Arts
5.2 By End User
5.2.1 Individual Users
5.2.2 Commercial Users
5.3 By Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 South America
5.3.5 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 CJ Corp
6.2.2 Cineworld Group plc
6.2.3 AMC Entertainment Holdings, Inc.
6.2.4 Cinemark Holdings, Inc.
6.2.5 Cineplex Inc.
6.2.6 The Metropolitan Opera Association
6.2.7 Broadway Theatre
6.2.8 Bolshoi Theatre
6.2.9 Poly Culture Group Corporation
6.2.10 New Jersey Performing Arts Center
6.2.11 Sydney Opera House
6.2.12 American Ballet Theatre
6.2.13 Roundabout Theatre
6.2.14 Lyric Opera of Chicago*
- *List Not Exhaustive
7. MARKET OPPORTUNTIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Independent Artists Industry Segmentation
An independent artist is a musician or musical group not contracted with a record label. When it comes to bands, those that release their own material on self-published CDs or those that primarily exist to perform at concerts can be considered unsigned bands. Market overview, market size estimation for key segments and emerging trends in the market segments, market dynamics, and insights are covered in the report. The report will also cover information on some major global players.
Independent artists is segmented by type, end user, and geography. By type, the market is sub-segmented into performing arts, and visual arts. By end user, the market is sub-segmented into individual users and commercial users. By geography, the market is sub-segmented into North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa. The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Type | |
| Visual Arts | |
| Performing Arts |
| By End User | |
| Individual Users | |
| Commercial Users |
| By Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| South America | |
| Middle-East and Africa |
Independent Artists Market Research Faqs
How big is the Independent Artists Market?
The Independent Artists Market size is expected to reach USD 104.61 billion in 2024 and grow at a CAGR of 7.46% to reach USD 149.91 billion by 2029.
What is the current Independent Artists Market size?
In 2024, the Independent Artists Market size is expected to reach USD 104.61 billion.
Who are the key players in Independent Artists Market?
CJ Corp, Cineworld Group plc, AMC Entertainment Holdings, Inc., Cinemark Holdings, Inc. and Cineplex Inc. are the major companies operating in the Independent Artists Market.
Which is the fastest growing region in Independent Artists Market?
Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Independent Artists Market?
In 2024, the Asia-Pacific accounts for the largest market share in Independent Artists Market.
What years does this Independent Artists Market cover, and what was the market size in 2023?
In 2023, the Independent Artists Market size was estimated at USD 96.81 billion. The report covers the Independent Artists Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Independent Artists Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Independent Artists Industry Report
Statistics for the 2024 Independent Artists market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Independent Artists analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
