Key Market Indicators
British music revenue is projected to hit €4.2 billion by 2028, up from €3.6 billion in 2023. This marks an average annual growth rate of 2.1%. Since 2013, the British market has seen a steady increase of 3.8% annually. Meanwhile, music expenditure in the UK is expected to reach €197 billion by 2028, rising from €183 billion in 2023. This represents an average annual growth rate of 1.3%. Since 2000, British demand in the music sector has grown by 2.2% each year. In comparison, Germany, France, and Italy rank second, third, and fourth, respectively, in terms of music expenditure.