Music industry in Europe - Statistics & Facts

In 2016, European recorded music industry revenues amounted to roughly 4.3 billion euros, an increase for the second year in a row after an otherwise steady decrease since 2001. The United Kingdom is the leading music market in Europe in terms of both total recorded music revenues and digital music revenues, followed by Germany and France. However, when looking at a ranking of European countries by recorded music revenues per capita the United Kingdom ranks second after Norway and is closely followed by two other Scandinavian markets, Sweden and Denmark.
Digital music revenues have grown in all key European music markets in recent years, with Sweden being the country that had the highest digital share of recorded music sales in Europe in 2015. With regard to digital music consumption, streaming services are increasingly growing in popularity among consumers, with income from music streaming showing an upward trend in leading music markets such as Germany, France, Sweden and the United Kingdom. However, when asked which criteria were the most important to them when choosing a digital music service, European consumers showed reluctance to pay for music streaming services in a 2016 survey, with 71 percent of respondents prioritizing the service being free over 53 percent of respondents wishing the service to offer good audio quality.

Another music industry segment that is forecast to grow in many national European music markets over the next five years is the live music sector. In 2015, the average number of attendants at music festivals in Europe increased by nearly seven percent year-on-year, while music festival ticket prices rose by slightly over three euros on average in the same period of time. A recent survey inquiring into the preferences and opinions of European festival-goers found that their main reason for attending festivals was for the music, followed by escaping normal life and hanging out with friends, whereas the most missed home comforts while attending a festival were having access to a clean, flushable toilet, a bed and a shower. The most popular music genre among European festival visitors was rock music.

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