The live music scene is booming in 2025, with significant economic benefits for consumers and the entertainment industry. Studies reveal interesting trends in concert attendance, spending habits, and ticket pricing.
Ticket Prices on the Rise
Concert ticket prices have surged, with the average top-tier ticket costing $135.92 in 2024. A recent analysis of 2025 concert ticket prices revealed that Kendrick Lamar and SZA's Grand National Tour is the most expensive, with an average ticket price of $206.47. Despite these costs, dedicated music fans are willing to spend an average of $300 per month on live music experiences.
Gen Z's Concert Culture
Gen Z concertgoers are particularly eager to spend money on live events to support their favorite artists. A survey indicated that Gen Z spends an average of $2,100 on concert tickets over two years, with 75% willing to pay higher prices for enhanced live event experiences. This generation prioritizes experiences, often choosing concerts over designer clothes or saving for a home.
Economic Impact of Live Music
Live concerts and music festivals significantly impact local economies. These events drive employment, generate tax revenue, and contribute to the growth of industries like ticketing, event management, and streaming platforms. The Indian live events market is projected to reach ₹143 billion by 2026, reflecting a compound annual growth rate (CAGR) of 17.6%.