2024 Musical Groups & Artists Industry Statistics Report

Musical Groups & Artists - Market Size and Industry Forecast

The 2024 Musical Groups and Artists Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2019 to 2029 reflect industry trends and growth patterns. Revenues include both public and private companies in the Musical Groups & Artists industry.

Market Size (Total Revenue)


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

Industry Revenue ($ Billions)

Industry Market Size
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023

Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Musical Groups & Artists - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Musical Groups & Artists companies in the United States.

Musical Groups & Artists Revenue by State

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesMusical Groups & Artists
Small Business (< 5 Employees)


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

Musical Groups & Artists - 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" company (both public and private companies included).

Industry AveragePercent of Sales
Total Revenue


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



Depreciation and Amortization

Officer Compensation

Net Income

Musical Groups & Artists - Financial Ratio Analysis

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

Financial RatioIndustry Average
Profitability Ratios


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

Musical Groups & Artists - Product Mix

Product DescriptionDescriptionRevenue
($ Millions)
Industry total


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

Musical Groups & Artists - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations6%


Chief Executives0%
General and Operations Managers3%
Business and Financial Operations Occupations5%
Education, Training, and Library Occupations6%
Arts, Design, Entertainment, Sports, and Media Occupations42%
Entertainers and Performers, Sports and Related Workers35%
Actors, Producers, and Directors11%
Musicians, Singers, and Related Workers18%
Musicians and Singers16%
Food Preparation and Serving Related Occupations7%
Personal Care and Service Occupations10%
Entertainment Attendants and Related Workers9%
Ushers, Lobby Attendants, and Ticket Takers6%
Ushers, Lobby Attendants, and Ticket Takers6%
Office and Administrative Support Occupations9%

Government Contracts

In the past, the federal government spent an annual total of $5,019,621 on the musical groups & artists industry. It has awarded 431 contracts to 199 companies, with an average value of $25,224 per company.

Musical Groups & Artists and Adjacent Industries - Top Companies

($ Millions)


Musical Groups & Artists Industry Research
GeographyUnited States  
Publication DateMay 2024
Report FormatPDF Download  PDF

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