Electronic Music Market Set to Double in Value to $24.5 Billion by 2032

The global electronic music market is projected to grow to $24.5 billion by 2032, doubling its value from $12.02 billion in 2024, according to a new report by Wise Guy Reports.
House music currently leads the electronic music sector, valued at $3.5 billion, followed by techno at $2.5 billion. Trance and drum ’n’ bass each stand at $2.3 billion, while dubstep is valued at $1.4 billion. The report highlights North America as the largest regional market, currently valued at $3.5 billion and expected to rise to $7.15 billion by 2032. Europe is predicted to grow from $3 billion to $6.1 billion over the same period.
The report credits the increasing popularity of electronic music festivals and events, along with advancements in user-friendly production tools and potential developments in AI music production, as significant contributors to the market’s future growth.