Performers & Creative Artists in the US - Industry Market Research Report

Performers & Creative Artists in the US - Industry Market Research Report

Performers & Creative Artists in the US

Performers and creative artists include independent artists, freelance and bestselling writers, stage and A-list actors and painters, in addition to a dozen other artistic professions. Over 96.0%of working artists don't employ any workers since revenue in this field can be difficult to come by.The top artists are the ones whose work is highly coveted and revered, and famous authors and actors are capable of earning millions of dollars annually. Some have the fame and financial means that requires themto employ teams to maintain their image, but these account for a slim portion of artists. Favorable economic conditions persisted for the majority of the five years to 2023, but the COVID-19 pandemic stifled industry activity in 2020 significantly. Revenue ultimately grew at a CAGR of 2.0% to $56.8 billion in 2023, including a growth of 4.3% that year alone.

The Performers and Creative Artists industry consists of independent or freelance artists, writers and performers that create artistic or cultural works or productions, in addition to individuals that provide the technical expertise necessary for these works. This industry includes celebrities that receive a fee for product endorsement and public appearances or speeches. This industry does not include musical artists (IBISWorld report 71113) or graphic design artists (54143).

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.