North America Performing Art Companies Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 4.90 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Performing Art Companies Market Analysis
The North American Performing Art Companies Market was valued at USD 18.1 billion in the current year and is expected to register a CAGR of 4.9% during the forecasted period.
The outbreak of the COVID-19 pandemic had a significant impact on the North American performing arts industry. With restrictions on large gatherings and the closure of venues, many performing arts companies were forced to cancel or postpone events, resulting in a significant loss of revenue. One of the most significant impacts was the decline in attendance, as many people were hesitant to attend live events due to health and safety concerns. This led to a decline in ticket sales, which is a major source of revenue for performing arts companies. In addition, many companies were forced to cancel or postpone their shows, resulting in additional financial losses. Another major impact of the pandemic was on the workforce, as many performers and crew members were unable to work due to the cancellation of events. This led to widespread layoffs and furloughs across the industry.
The North American performing arts market includes a diverse range of companies and organizations involved in various types of live performances, including theater, dance, music, opera, and comedy. However, the pandemic had a significant impact on the industry, with many companies forced to cancel or postpone events and suffer significant losses in revenue. The pandemic also forced many companies to adapt to new formats, such as live-streamed performances and outdoor shows, to reach audiences. Despite the challenges posed by the pandemic, the performing arts industry in North America has remained resilient and has continued to innovate to change circumstances. Many companies have pivoted to virtual performances, and some have even developed new business models that allow for sustainable revenue streams beyond traditional ticket sales.
In North America, the performing arts industry is expected to keep getting better as more people get vaccinated and feel more comfortable going to live events again. But the industry may continue to face problems caused by changing consumer tastes and new technologies. In this fast-paced market, companies will need to stay flexible and creative.
North America Performing Art Companies Market Trends
Rise in the Use of Online Platforms
The COVID-19 pandemic has caused a lot of problems for the performing arts industry in North America. Many traditional venues have had to close and live performances have been canceled.In response to these challenges, many performing arts companies have turned to online platforms to continue to engage with their audiences and generate revenue. One of the primary benefits of online platforms is that they allow performing arts companies to reach a wider audience than traditional in-person performances. By live-streaming performances, companies can attract viewers from all over the world who might not have been able to attend in-person shows. Online platforms also provide a convenient way for audiences to access performances from the comfort of their own homes.
Additionally, online platforms have been a valuable tool for generating revenue during a time when traditional, in-person performances are not feasible. Performing arts companies have been able to sell tickets, subscriptions, and even merchandise through online platforms, helping to support their operations and staff. The rise in the use of online platforms has also encouraged innovation in the industry, as companies have had to find creative ways to engage with audiences in a digital format. This has led to new approaches to performance and audience interaction that could have long-lasting impacts on the industry even after the pandemic subsides.
Increase in Collaborations
Collaborations have become increasingly important for the North American performing arts market. As the industry continues to evolve, companies are finding new ways to collaborate, as well as with other organizations and artists outside of the industry. Collaborations between performing arts companies and other organizations can help expand the reach of performances to new audiences. This can help increase ticket sales and revenue for the companies involved.
Collaborations can bring together artists with different backgrounds and skill sets, leading to new and innovative ideas for performances. This can help companies stand out in a crowded market and attract new audiences. It can help if performance art companies cross-promote their performances to each other's audiences. This can help increase awareness of the companies involved and generate more ticket sales. Collaborations are becoming increasingly important for the North American performing arts market. They can help companies access new audiences, spark creativity and innovation, share resources, cross-promote performances, and engage with their communities. As the industry continues to evolve, collaborations are likely to play an even greater role in the success of performing arts companies.
North America Performing Art Companies Industry Overview
The North American performing arts companies market is semi-consolidated. The market is large, and well-established performing arts companies are relatively consolidated. There are a handful of major players that dominate the market, such as the Walt Disney Company, Cirque du Soleil, and Live Nation Entertainment. These companies have significant brand recognition and established audiences, and they often receive substantial public funding.
North America Performing Art Companies Market Leaders
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The Walt Disney Company
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Cirque du Soleil
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Live Nation Entertainment
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Comcast Corporation
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Paramount Global
*Disclaimer: Major Players sorted in no particular order
North America Performing Art Companies Market News
- February 2023: Costa Mesa, CA Segerstrom Center for the Arts presents the North American Premiere of Christopher Wheeldon's latest ballet, Like Water for Chocolate, from American Ballet Theatre for six performances from Wednesday, March 29 through Sunday, April 2. Center audiences will be the first in the country to experience this magical Mexican love story, with the stellar dancers of ABT translating this richly layered story.
- November 2022: Fathom Events and the Metropolitan Opera announced an agreement to renew The Met: Live in HD series, extending a cultural tradition that has delivered scores of performances from the Met's stage at New York's Lincoln Center directly to cinema screens nationwide since 2006. The partnership between the country's biggest performing arts center and the biggest event-cinema distributor will be extended through the 2025-2026 season. This will lead up to the Live in HD program's 20th anniversary. The renewal of the program shows how live performances can bring people back to the movies after the worst of the COVID-19 pandemic.
North America 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 of Technology 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 Country
5.4.1 United States
5.4.2 Canada
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 Paramount Global
6.2.5 Comcast Corporation
6.2.6 The Madison Square Garden Company
6.2.7 Broadway Across America
6.2.8 The Shubert Organization
6.2.9 The Second City
6.2.10 The Metropolitan Opera*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
North America Performing Art Companies Industry Segmentation
The North American Performing Art Companies Market refers to the industry that involves the production and presentation of live performances, including theatre, 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 non-profit and for-profit organizations.
A complete background analysis of the North American 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 North American performing arts companies market is segmented by type (theatre, music and opera, dance, circus and other art forms), venue type (concert halls, theaters, and stadiums), ticket pricing (premium, mid-range, and economy), and country (the United States, and Canada). The report offers market size and forecasts for the North American performing art companies market in terms of 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 Country | |
| United States | |
| Canada |
North America Performing Art Companies Market Research FAQs
What is the current North America Performing Art Companies Market size?
The North America Performing Art Companies Market is projected to register a CAGR of 4.90% during the forecast period (2024-2029)
Who are the key players in North America Performing Art Companies Market?
The Walt Disney Company, Cirque du Soleil, Live Nation Entertainment, Comcast Corporation and Paramount Global are the major companies operating in the North America Performing Art Companies Market.
What years does this North America Performing Art Companies Market cover?
The report covers the North America Performing Art Companies Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the North America Performing Art Companies Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Performing Art Companies Industry Report
Statistics for the 2024 North America Performing Art Companies market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Performing Art Companies 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.
