Concert & Event Promotion in Canada Industry Market Research Report Now Available from IBISWorld

Share Article

Industry growth will be aided by improving consumer disposable income and corporate profit. For this reason, industry research firm IBISWorld has added a report on the Concert & Event Promotion industry to its growing industry report collection.

News Image
Improving disposable income and higher corporate profit will aid the industry in sponsoring larger events.

The Concert and Event Promotion industry in Canada attracts consumers to live entertainment events. Operators in this industry assemble and market a variety of events, including music concerts, theatrical performances and sporting events. In the five years to 2013, this industry has increasingly adapted digital technology in order to drive revenue, but in 2013, the Concert and Event Promotion industry is expected to decline marginally by 0.9%. This decline is expected to be influenced by decreasing consumer leisure time.

The industry's relatively positive performance through the global recession shows the resilience of the industry's downstream market and demonstrates the high value consumers place on live entertainment. Canada's metropolitan areas, especially Toronto and Vancouver, steadily attract many major artists and events. Most notably, in 2010, Vancouver hosted the Winter Olympics, which boosted industry revenue by an estimated 56.7%. According to IBISWorld Industry Analyst James Crompton, “Industry revenue fell 37.9% the year following the Olympics, but the industry's performance during the event shows there is potential for Canadian cities to attract large-scale and popular events.” Promoters rely on consumers to drive revenue; as such, metropolitan areas have the largest effect on industry performance due to their relatively high levels of population density. The success of the Winter Olympics, coupled with increasing consumer confidence, is expected to help industry revenue grow an annualized 0.7% to about $2.3 billion in the five years to 2013.

In the five years to 2018, the Concert and Event Promotion industry is forecast to grow. “As economic conditions improve in Canada, industry growth is expected to be driven by improving consumer disposable income and higher corporate profit, which will likely aid the industry in sponsoring larger events that cater to higher-end clientele,” says Crompton. Additionally, as demand for high-profile events in Canada increases, promoters are expected to increasingly market to the United States and to attract additional consumers to metropolitan areas. Furthermore, as demand for concerts and events increases, profit margins in the industry are expected to rise.

For more information, visit IBISWorld’s Concert & Event Promotion in Canada industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

IBISWorld industry Report Key Topics

This Concert and Event Promotion industry creates, manages and promotes live performances and events, ranging from concerts and theatre performances to state fairs and air shows. Some promoters lease space from stadium, arena and theatre owners, while others own venues.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US and Canadian industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Gavin Smith
IBISWorld
+1 (310) 866-5042
Email >
Visit website