$2.1bn
$XXX.Xm
10,614
2,211
$XXX.Xm
The Music and Theatre Productions industry has experienced more favourable conditions in recent years. Strong demand for international artist performances in the contemporary music segment, coupled with improved ticket sales, has bolstered the industry's performance. Organisations within the industry vary widely. Traditional performing arts productions, like ballet and classical music, depend heavily on government funding to stay viable. In contrast, contemporary music production companies can attain high profit margins by attracting larger audiences.
Industry revenue has grown at a CAGR of 0.1 % over the past five years, to reach an estimated $2.1bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Opera Australia | 164.9 | |
The Australian Ballet | 71.5 | |
Global Creatures | 53.7 |
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Industry revenue is measured across several distinct product and services lines, including Contemporary music, Musical theatre and Festivals. Contemporary music is the largest segment of the Music and Theatre Productions in Australia.
Contemporary music productions have significantly risen in popularity over recent years
Industry companies produce live theatrical, musical, and dance performances including choirs, opera, ballet and tribute shows.
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ANZSIC 9001 - Music and Theatre Productions in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Demand for contemporary music has grown over the past few years. International tours in particular contributed to significant increases in contemporary music revenue and atte...
Learn about an industry's products and services, markets and trends in international trade.
The return of international acts to Australia has seen contemporary music productions significantly rise in popularity. Major tours by famous global artists like Taylor Swift...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Access to major markets and cultural hubs is a decisive factor in the determination of business location. The geographic distribution of the Music and Theatre Productions ind...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The low availability of economies of scale has kept market share concentration low. The industry's top four players account for less than 15.0% of industry revenue in 2023-24...
Learn about the performance of the top companies in the industry.
Opera Australia remains the sole major player in the Music and Theatre Productions industry. The company gives around 200 performances a year in metropolitan and regional are...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Revenue volatility is very high as a result of large shifts in government funding and wavering discretionary income levels. Fluctuating business confidence has also contribut...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Recovering ticket sales have boosted profitability. Even so, many large companies depend on government funding to remain viable.
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Music and Theatre Productions industry in Australia is $2.1bn in 2024.
There are 2,211 businesses in the Music and Theatre Productions industry in Australia, which has grown at a CAGR of 6.4 % between 2018 and 2023.
The market size of the Music and Theatre Productions industry in Australia has been growing at a CAGR of 0.1 % between 2018 and 2023.
Over the next five years, the Music and Theatre Productions industry in Australia is expected to grow.
The biggest companies operating in the Music and Theatre Productions market in Australia are Opera Australia, The Australian Ballet and Global Creatures
Contemporary Music and Festivals are part of the Music and Theatre Productions industry.
The company holding the most market share in Australia is Opera Australia.
The level of competition is high and steady in the Music and Theatre Productions industry in Australia.