Music Events - Poland

  • Poland
  • Revenue in the Music Events market is projected to reach US$278.70m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 2.67%, resulting in a projected market volume of US$309.70m by 2028.
  • In the Music Events market, the number of users is expected to amount to 5.5m users by 2028.
  • User penetration will be 14.2% in 2024 and is expected to hit 14.7% by 2028.
  • The average revenue per user (ARPU) is expected to amount to US$52.19.
  • In global comparison, most revenue will be generated in the United States (US$16,980.00m in 2024).
  • With a projected rate of 25.8%, the user penetration in the Music Events market is highest in Denmark.

Key regions: India, Japan, Europe, China, Asia

 
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Analyst Opinion

The Music Events market in Poland has been experiencing significant growth in recent years, driven by changing customer preferences and the country's vibrant cultural scene.

Customer preferences:
Polish consumers have shown a growing interest in attending music events, with a particular focus on live performances by both local and international artists. This preference can be attributed to the unique experience that live music offers, allowing individuals to connect with their favorite artists and immerse themselves in the atmosphere of a concert or festival. Additionally, the popularity of music streaming platforms has contributed to the increased demand for live music events, as consumers seek to experience the songs they love in a live setting.

Trends in the market:
One of the key trends in the Music Events market in Poland is the rise of music festivals. These events attract a large number of attendees and often feature a diverse lineup of artists across different genres. Music festivals provide a unique opportunity for music lovers to discover new talent and enjoy a variety of performances in one location. The popularity of music festivals has been further boosted by the social media era, as attendees share their experiences online, creating a sense of FOMO (fear of missing out) among those who did not attend. Another trend in the market is the increasing number of international artists performing in Poland. As the country's economy has grown and its reputation as a cultural hub has strengthened, more international acts are including Poland in their tour schedules. This has not only attracted a larger audience to music events in the country but has also contributed to the development of the local music scene, as Polish artists have the opportunity to collaborate and perform alongside renowned international musicians.

Local special circumstances:
Poland's rich cultural heritage and strong music traditions provide a favorable environment for the growth of the Music Events market. The country has a long history of producing talented musicians across various genres, including classical, jazz, and contemporary music. This cultural heritage, combined with the country's vibrant music scene and growing number of music venues, has created a supportive ecosystem for music events to flourish. Additionally, Poland's strategic location in Central Europe makes it an attractive destination for both artists and music fans. The country's well-developed transportation infrastructure and relatively affordable cost of living make it easier for international artists to include Poland in their tour schedules. This, in turn, provides Polish consumers with access to a wide range of music events and opportunities to experience performances by their favorite artists.

Underlying macroeconomic factors:
The growth of the Music Events market in Poland is also influenced by underlying macroeconomic factors. Poland has experienced steady economic growth in recent years, which has resulted in an increase in disposable income for many consumers. This has allowed individuals to allocate a larger portion of their budget to entertainment activities, including attending music events. Additionally, Poland's relatively low unemployment rate and stable political environment have contributed to consumer confidence and willingness to spend on leisure activities. In conclusion, the Music Events market in Poland is experiencing significant growth due to changing customer preferences, the rise of music festivals, the increasing number of international artists performing in the country, Poland's rich cultural heritage and music traditions, and underlying macroeconomic factors. With the continued support from consumers and the development of the local music scene, the market is expected to continue its upward trajectory in the coming years.

Methodology

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.

Overview

  • Revenue
  • Demographics
  • Analyst Opinion
  • Users
  • Global Comparison
  • Methodology
  • Key Market Indicators
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