Festivals in the UK - Industry Market Research Report

Festivals in the UK - Industry Market Research Report

Festivals in the UK

Over the five years through 2022-23, the festivals industry's revenue is projected to expand at a compound annual rate of 2.9% to £3.3 billion. Revenue growth has been limited primarily due to unfavourable operating conditions during the COVID-19 outbreak. Profitability in the current year has improved due to a solid return to festivals as the pandemic winds down. On-site services, including food and drink sales, have proved a key revenue growth stream as festivals expand their services and overall experience.

This industry includes the operation of festivals and live music concerts held in the United Kingdom. Operators in this industry generate income via ticket sales and hospitality revenue, such as revenue generated from food and drink sales. This industry also includes promotors, agents and production services for live music events.

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."