The sold production of printed music in the UK has exhibited volatility over the past decade, with values fluctuating significantly year-on-year. 2013 saw a sharp decline, followed by a minor drop in 2014. However, 2015 experienced considerable growth, which was not sustained, as the subsequent years saw declines and modest gains. 2020 marked a notable decrease, likely due to the COVID-19 pandemic, but the market rebounded in 2021. The year 2023 reported a marginal increase, standing at 6.7408 million euros. Over the past five years, the market saw an average annual growth rate (CAGR) of 0.81%.
Looking forward, the forecast until 2028 indicates steady, albeit slow, growth with a CAGR of 0.43% and a total growth rate of approximately 2.16% over the five-year period. The market is projected to reach 6.9366 million euros by 2028.
Future trends to watch for include:
- The impact of digital transformation on printed music production.
- Potential changes in consumer preferences toward printed music versus digital options.
- Evolving music education trends that could affect the demand for printed music.
- Market responses and adaptations post-pandemic.
