Music Events - Benelux

Benelux

Highlights

Revenue in the Music Events market is projected to reach US$935.80m in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 2.09%, resulting in a projected market volume of US$1.02bn by 2028.
In the Music Events market, the number of users is expected to amount to 5.3m users by 2028.
User penetration will be 0.00 in 2024 and is expected to hit 0.00 by 2028.
The average revenue per user (ARPU) is expected to amount to US$180.70.
In global comparison, most revenue will be generated United States (US$16.98bn in 2024).
With a projected rate of 0.0, the user penetration in the Music Events market is highest 0.0.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Music Events market in Benelux has been experiencing significant growth in recent years. Customer preferences for live music experiences have been a driving force behind this trend. In addition, there are local special circumstances and underlying macroeconomic factors that have contributed to the development of the market. Customer preferences in the Benelux region have shifted towards attending music events as a form of entertainment. People are increasingly seeking out live music experiences to enjoy with friends and family. This trend can be attributed to the desire for unique and memorable experiences, as well as the social aspect of attending concerts and festivals. Additionally, advancements in technology have made it easier for consumers to discover and access music events, further driving demand. One of the key trends in the Music Events market in Benelux is the rise of music festivals. These events attract a large number of attendees from both domestic and international markets. Music festivals provide a unique experience by offering a diverse lineup of artists and genres, as well as various activities and amenities. This trend has been fueled by the growing popularity of music festivals worldwide and the increasing number of artists and bands willing to participate in such events. Another trend in the market is the integration of technology into music events. Many organizers are incorporating digital elements such as virtual reality, augmented reality, and live streaming to enhance the overall experience for attendees. This allows people who are unable to attend the event in person to still participate and enjoy the music. Furthermore, technology has also made it easier for event organizers to market and promote music events, reaching a wider audience and increasing ticket sales. Local special circumstances in the Benelux region have also contributed to the development of the Music Events market. The region has a rich musical heritage and a vibrant music scene, with a wide range of genres and artists. This has created a strong demand for live music experiences among locals and visitors alike. Additionally, the Benelux countries have a high population density and a well-developed transportation infrastructure, making it convenient for people to travel to different cities and attend music events. Underlying macroeconomic factors have also played a role in the growth of the Music Events market in Benelux. The region has experienced stable economic growth in recent years, leading to increased disposable income and consumer spending. This has allowed people to allocate more of their budget towards entertainment and leisure activities, including music events. Furthermore, the Benelux countries have a strong tourism industry, attracting visitors from around the world who are interested in experiencing the local music scene. Overall, the Music Events market in Benelux is developing due to customer preferences for live music experiences, the rise of music festivals, the integration of technology, local special circumstances, and underlying macroeconomic factors. These factors have created a favorable environment for the growth of the market, attracting both domestic and international attendees to music events in the region.

Data coverage:

The data encompasses B2C enterprises. Figures are based on Gross Merchandise Value (GMV) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, urban population, usage of key players, and attitudes toward online services.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.