European Music Trends in 2022
Music is part of Media And Entertainment and includes a number of sub-sectors such as Record Label, Concert, Music Distribution and Music Production. You may also be interested in Broadcasting and Advertising.
European music revenue is set to reach €12.3 billion by 2026. Since 2016, the market has grown by an average of 1.9% each year, with Germany taking the lead in 2021 with €3.44 billion in revenue. The UK, France, and Sweden came in at numbers 2, 3, and 4. There were significant changes in the region too, with Macedonia increasing 19.5% year-on-year and Cyprus decreasing 100%. Meanwhile, European music expenditure is set to reach €744.35 billion by 2026. This is a slight decrease of 0.1% year-on-year, with the UK leading the way in 2021 with €159.13 billion. Germany, France and Italy followed in 2nd, 3rd and 4th place. Albania saw a 6.1% increase since 2016, while Spain decreased 5.2%.
Top 10 countries
In 2022 major markets in the Music Industry were:
Music Market Data and Forecasts
How much the Music industry is expected to grow to 2026?
More in Music Industry for 2027What are the world's biggest Music markets?
More in Music MarketGlobal Music Statistics
- Number Of Employees 206 countries (Europe, Northern Europe, Southern Europe...)
- Enterprise Survival Rate 48 countries (Europe, Northern Europe, Eastern Europe...)
- Internet Penetration 237 countries (Europe, Northern Europe, Western Europe...)
- Educational Attainment 85 countries (Europe, Northern Europe, Western Europe...)
- Business Birth 53 countries (Europe, Northern Europe, Western Europe...)
- Wind Musical Instrument Import 187 countries (Asia, Africa, Latin America...)
- Musical Instrument Accessory Import 184 countries (Asia, Latin America, Africa...)
- Employment Rate 231 countries (Europe, Northern Europe, Southern Europe...)
- Online Shopping Penetration 63 countries (Europe, Northern Europe, Southern Europe...)
- Online Retail Sales 49 countries (Europe, Northern Europe, Southern Europe...)
