Key Market Indicators
Italian music expenditure is projected to reach approximately €91 billion by 2028, up from around €82 billion in 2023. This marks a steady annual growth rate of 1.6%. Since 2000, demand for music in Italy has climbed at an annual rate of 2.7%. In 2023, Italy ranked fourth in music expenditure, following Germany and France. France led with a comparable expenditure of €82 billion. Meanwhile, Italian music revenue is expected to see a slight decline, reaching around €371 million by 2028, down from €372 million in 2023. This represents a stagnant annual growth rate of 0%. Since 2013, however, the market has grown annually by 1.2%. In 2023, Italy was the seventh-largest market for music revenue, with Spain surpassing it at €372 million. The United Kingdom, France, and Sweden occupied the second, third, and fourth positions, respectively, in this ranking.
