Musical Groups and Artists - Market Size, Financial Statistics, Industry Trends

Musical Groups and Artists Market Size

This report includes historical and forecasted market sizes and industry trends for Musical Groups and Artists. It reveals overall market dynamics from 2020 through the present, and predicts industry growth or shrinkage through 2030. Revenue data include both public and private companies in the Musical Groups and Artists industry.

Historical Forecasted
2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
Market Size (Total Revenue)

Included in Report

% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data

Industry Revenue ($ Billions)

Musical Groups and Artists Industry Market Size
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023
  • 2024

Industry Forecast ($ Billions)

Musical Groups and Artists Industry Forecast
  • 2024
  • 2025
  • 2026
  • 2027
  • 2028
  • 2029
  • 2030


Pell Research's advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size statistics include revenue generated from all products and services sold within the Musical Groups and Artists industry.

Geographic Breakdown by U.S. State

Musical Groups and Artists market share by state pinpoints local opportunities based on regional revenue statistics. Growth rate for each state is affected by regional economic conditions. Data by state can be used to locate profitable and nonprofitable locations for Musical Groups and Artists companies in the United States.

Industry Revenue by State [Sample]

Market Size by State

Distribution by Company Size

Company Size All Industries Musical Groups and Artists
Small Business (< 5 Employees)

Included

Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Industry Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" Musical Groups and Artists company (both public and private companies are included).

Industry Average Percent of Sales
Total Revenue

Included

Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit


Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits

Rent

Advertising

Depreciation and Amortization

Officer Compensation

Net Income


Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios

Included

Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Products and Services Mix

Product lines and services in the Musical Groups and Artists industry accounting for the largest revenue sources.

Product Description Description Revenue
($ Millions)
Industry total

Included

Live performances produced under contract
Popular music performances
Admissions to live performing arts performances
Admissions to popular music performances
Contributions, gifts, & grants - private
Admissions to symphony & classical music performances
Private contributions, gifts, & grants - individuals
Investment income, including interest & dividends
Licensing of rights to use property protected by copyright

Compensation and Salary Surveys

Salary information for employees working in the Musical Groups and Artists industry.

TitlePercent of Workforce Bottom Quartile Average (Median) Salary Upper Quartile
Management Occupations 6%

Included

Chief Executives 0%
General and Operations Managers 3%
Business and Financial Operations Occupations 5%
Education, Training, and Library Occupations 6%
Arts, Design, Entertainment, Sports, and Media Occupations 42%
Entertainers and Performers, Sports and Related Workers 35%
Actors, Producers, and Directors 11%
Actors 7%
Musicians, Singers, and Related Workers 18%
Musicians and Singers 16%
Food Preparation and Serving Related Occupations 7%
Personal Care and Service Occupations 10%
Entertainment Attendants and Related Workers 9%
Ushers, Lobby Attendants, and Ticket Takers 6%
Ushers, Lobby Attendants, and Ticket Takers 6%
Office and Administrative Support Occupations 9%

Government Contracts

The federal government spent an annual total of $5,019,621 on the Musical Groups and Artists industry. It has awarded 431 contracts to 199 companies, with an average value of $25,224 per company.

Top Companies in Musical Groups and Artists and Adjacent Industries

Company Address Revenue
($ Millions)

Included