Music genre share of music industry revenue in Germany 2023
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Pop and hip-hop had the highest revenue shares with 24.3 and 19.9 percent respectively. Rock was another noticeable revenue generator, but the same can’t be said for traditional German folk music.
Face the music
Musical sales revenue in Germany (from both physical and digital sales) has been in decline for the last 15 years. Physical sales especially have suffered after the widespread rise of music streaming services not just in Germany, but across Europe. In 2023, musical sales revenue amounted to almost 2.2 billion euros. In terms of genres, by comparison some provoked interest among smaller amounts of the population, for example classical or the aforementioned German folk and brass music. The most popular music genres among German listeners were pop, hip-hop, and rock.
Streaming revenue
Music streaming revenue in Germany is predicted to grow during the 2020s, if at a gradual pace, while the opposite is expected of music downloads. By 2027, music streaming revenue is forecast to amount to 1.63 billion U.S. dollars. This is due to the increase in popularity of apps such as Spotify and Apple Music.
