Key Market Indicators
Austrian music expenditure is projected to hit approximately €22 billion by 2028, rising from around €20.5 billion in 2023. This marks an average annual growth rate of 1.1%. Since 2000, Austria has seen a steady increase in demand, with an average yearly growth of 0.5%. In 2023, Austria ranked tenth in music expenditure, trailing behind Poland, which also recorded around €20.5 billion. Germany, France, and Italy secured the second, third, and fourth spots, respectively, in this ranking. Meanwhile, Austrian music revenue is expected to reach nearly €186 million by 2028, up from about €160 million in 2023. This translates to an average annual growth rate of 2.4%. Since 2013, the Austrian music market has experienced a consistent growth of 1.5% per year.
