(Companies: Live Nation Entertainment Inc., Red Frog Events LLC, Premier Exhibitions Inc., NightCulture Inc.)
Western Europe is the largest region in the global sports and arts promoters market.
The sports and arts promoters services market consists of sales of sports and arts promoters’ services and related goods by entities (organizations, sole traders and partnerships) that organize, promote, and manage live performing arts productions, sports events and other events such as state fairs, county fairs, agricultural fairs, concerts, and festivals; and manage and provide the staff to operate arenas, stadiums, theaters or other related facilities for rent to other promoters. Customers for sports and arts promoters include independent artists and performing arts companies.
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The sports and arts promoters market are expected to reach a value of nearly $170 billion by 2022, significantly growing at a growth rate of about 6% during the forecast period. The growth in the sports and arts promoters market is due to factors such as the rise in disposable income growing tourism.
However, the sports and arts promoters market are expected to face certain restraints from several factors such as growing travel restriction and changing trends.
Since music recording companies are often averse to taking risks with new talent, artists are making use of social media and music streaming platforms and are taking charge of their own personal marketing and distribution. For instance, iTunes, Spotify, Pandora, and YouTube are some platforms widely being used by music artists to promote their work.
Major players in the global sports and arts promoters market include Live Nation Entertainment Inc., Red Frog Events LLC, Premier Exhibitions Inc., NightCulture Inc.
Live Nation is an American event promoter and venue operator based in Beverly Hills, California. Formed in 1996 by Robert F.X. Sillerman as SFX Entertainment, the company’s business was built around consolidating concert promoters into a national company.
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Few Points From Table of Contents:
5. Sports And Arts Promoters Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Sports And Arts Promoters Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Sports And Arts Promoters Market Trends And Strategies
8. Sports And Arts Promoters Market Size And Growth
8.1. Market Size
8.2. Historic Market Growth, Value ($ Billion)
8.2.1. Drivers Of The Market
8.2.2. Restraints On The Market
8.3. Forecast Market Growth, Value ($ Billion)
8.3.1. Drivers Of The Market
8.3.2. Restraints On The Market
9. Sports And Arts Promoters Market Regional Analysis
9.1. Global Sports And Arts Promoters Market, 2018, By Region, Value ($ Billion)
9.2. Global Sports And Arts Promoters Market, 2014 – 2022, Historic And Forecast, By Region
9.3. Global Sports And Arts Promoters Market, Growth And Market Share Comparison, By Region
10. Sports And Arts Promoters Market Segmentation
10.1. Global Sports And Arts Promoters Market, Segmentation By Type, 2014 – 2022, Value ($ Billion)
10.1.1. Sports Promoters
10.1.2. Arts Promoters
11. Sports And Arts Promoters Market Metrics
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