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2018 Market Analysis & Industry Outlook: Musical Groups & Artists

Overview: the U.S. Musical Groups & Artists Industry

This section provides answers to key questions about the industry:

  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?

Market Size & Industry Statistics

The total U.S. industry market size for Musical Groups & Artists: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.

market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Product & Services Breakdown

Research products and services in the Musical Groups & Artists industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Admissions To Live Performing Arts Performances

Admissions To - Symphony And Classical Music Performances

Admissions To - Popular Music Performances

Contract Live Performing Arts Performances

Contract Live - Popular Music Performances

Licensing Of Rights To Use Intellectual Property - Protected By Copyright

Resale Of Merchandise

All Other Receipts

All Other Operating Receipts

Contributions, Gifts, And Grants - Private

Contributions, Gifts, And Grants - Private - Individuals

Contributions, Gifts, And Grants - Private - Foundations

Contributions, Gifts, And Grants - Private - Business And Industry

Investment Income, Including Interest And Dividends

All Other Revenue

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Musical Groups & Artists company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Musical Groups & Artists industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Musical Groups & Artists measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 5%

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Chief Executives0%
General and Operations Managers2%
Education, Training, and Library Occupations 5%
Arts, Design, Entertainment, Sports, and Media Occupations 45%
Entertainers and Performers, Sports and Related Workers 37%
Actors, Producers, and Directors 12%
Actors 8%
Musicians, Singers, and Related Workers 19%
Musicians and Singers 17%
Food Preparation and Serving Related Occupations 7%
Personal Care and Service Occupations 9%
Entertainment Attendants and Related Workers 8%
Ushers, Lobby Attendants, and Ticket Takers 6%
Ushers, Lobby Attendants, and Ticket Takers 6%
Sales and Related Occupations 5%
Office and Administrative Support Occupations 9%
Source: Bureau of Labor Statistics

Musical Groups & Artists Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate

Top Innovators

CompanyInnovation Score

Additional companies, details and innovation scoring in the full report.

Latest Industry News

  • NUNN ON ONE: MUSIC Kaumakaiwa Kanaka'ole: Trans Hawaiian singer on home state, final CD - I think commercial and capitalist institutions that surround the industry here, especially in music and art, is all bullshit ... Windy City Media Group does not approve or necessarily agree with the views posted below. Please do not post letters to ... (01/10/2018)
  • Hartt Prof Gabe Herman Talks About Mentoring Makers Of The Local Music Scene - Moe Black, one of the Chapel Hill native’s first professional bands, was big in the late 1990s ... The combination is the right mix to produce good art. I wouldn’t be so gauche to suggest that we are the music scene, but this is one safe place for ... (01/10/2018)
  • Shaky Knees 2018 lineup is out: Listen to every artist - “I have no idea who these bands are,” we have good news: just like we did for Music Midtown last fall, we’re rounding up Soundcloud and/or YouTube tracks from each artist so that you can hear what the lineup’s all about. Take a listen (and keep in ... (01/10/2018)
  • Noted musical couple to perform all-Schubert program @blairschool - Baritone Nathan Gunn and pianist Julie Gunn will open the Blair School of Music’s 2018 spring ... among other artists. A member of ASCAP, she has composed many arrangements of songs for chamber groups and orchestra. Venues where her works have been ... (01/10/2018)
  • Emerging Artists Series: Slingshot 2018 is Here - DJs share up-and-coming bands with listeners by playing their music ... a collective effort among taste-making music stations to elevate exceptional emerging artists. The inaugural class included Big Thief, Jamila Woods and Lo Moon. As the three artists ... (01/10/2018)
  • Artist of the Month Superorganism on Becoming a Band Before Ever Being in the Same Room - We then moved to Aukland as a group and that’s when [vocalist] Ruby got involved ... Absolutely, all of the things that engage me are weird like that. Whether it’s film or art or music, I think that there’s something that can be said for stuff ... (01/10/2018)
  • McCartney, Pink Floyd join campaign to save UK music venues - high rents and the changing music industry. "You need that bottom rung of the ladder for any band or artist that wants to work live," Mason told AFP, as he backed a parliamentary bill to try to arrest the decline. "The best of the bands actually learned ... (01/10/2018)
  • Blake Shelton and Kings of Leon nominated for 2018 iHeartRadio Music Awards - Male Artist of the Year, Best Duo/Group of the Year and individual winners for Album of the Year in music’s biggest genres, including Pop, Country, Alternative Rock/Rock, Dance, Hip-Hop, R&B, Latin and Regional Mexican formats. For the second year ... (01/10/2018)
  • Contemporary Jewish Music festival pushes tradition into new territory - Growing out of the revival of interest in traditional music, the group was part of a small movement that explored ... The Klezmatics will perform with three artists with whom they share a musical and political kinship. The band collaborated with Natalie ... (01/07/2018)
  • A song of art: New group works to bring classical music form to Richmond - That's how Tyler Stone, executive director of the non-profit group Art Song Collective, describes the form of singing the group is striving to bring to people in the Madison County area. But art song is much more than that, he says. The group's website ... (12/27/2017)

Government Contracts

In 2016, the federal government spent a total of $5,019,621 on Musical Groups & Artists. It has awarded 431 contracts to 199 companies, with an average value of $25,224 per company.   

Top government vendors:

CompanyFederal ContractsTotal Award Amount

Growth Opportunities / Competitive Threats

Companies in other industries may also sell similar products. Since there is an overlap in the customer base, there may be an opportunity for companies in Musical Groups & Artists to sell additional products/services offered by these adjacent industries. Alternatively, these industries may identify further products in this industry to target. Products most at risk are those with the highest profit margins and lowest barriers to entry.

The following industries are competing channels for sales of similar products/services.

Licensing Of Rights To Use Property Protected By Copyright
Competing IndustrySales Relative to Musical Groups & ArtistsOpportunity/Threat
Sports Teams & Clubs
Theater Companies & Dinner Theaters Competing industry

Sales from other industries of Licensing Of Rights To Use Property Protected By Copyright are less than those from Musical Groups & Artists. This may mean that other channels are a competitive risk of increasing their Licensing Of Rights To Use Property Protected By Copyright sales, taking market share from this industry.
Licensing Of Rights To Use Property Protected By Copyright Product Sales Report

Live Performances Produced Under Contract
Competing IndustrySales Relative to Musical Groups & ArtistsOpportunity/Threat
Theater Companies & Dinner Theaters Competing industry
Dance Companies Competing industry

Sales from other industries of Live Performances Produced Under Contract are less than those from Musical Groups & Artists. This may mean that other channels are a competitive risk of increasing their Live Performances Produced Under Contract sales, taking market share from this industry.
Live Performances Produced Under Contract Product Sales Report

Segments classified within this market research report

This industry market research report includes companies whose primary business is any of the following:
Classical musical artists, independent, Popular musical artists, Classical musical groups, Symphony orchestras, Musical artists, Chamber orchestras, Concert artists, Rock musical groups, Rock musical artists, Singers, Ensembles, musical, Drum and bugle corps (i.e., drill teams), Jazz musical groups, Popular musical groups, Chamber musical groups, Opera singers, Musicians, Jazz musical artists, Bands, Soloists, independent musical, Country musical groups, Country musical artists, Musical groups (except musical theater groups), Vocalists, Orchestras, dance, Choirs, Musical productions (except musical theater productions), live, Dance bands, etc.

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