$57.4bn
$XX.Xbn
1m
1m
$XX.Xbn
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 95.0% 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 them to 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 outbreak of COVID-19 stifled industry activity in 2020 significantly. Revenue ultimately grew at a CAGR of 0.7% to $57.4 billion in 2024, including a growth of 0.8% that year alone.
Industry revenue has grown at a CAGR of 0.4 % over the past five years, to reach an estimated $57.4bn in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
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There are no companies that hold a large enough market share in the Performers & Creative Artists in the US industry for IBISWorld to include in this product.
Performers & Creative Artists in the US
Industry revenue is measured across several distinct product and services lines, including Live performances and events, Art sales and Film and TV. Live performances and events is the largest segment of the Performers & Creative Artists in the US.
Intellectual property licensing and contract work was least affected by quarantining policies
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).
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NAICS 71151 - Performers & Creative Artists in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The industry incorporates a wide range of artistic endeavors and genres delivered via various media platforms. These artists commonly work independently or freelance, rather ...
Learn about an industry's products and services, markets and trends in international trade.
The industry's primary market is consumers, which can be divided by age group. Consumers of different age groups are likely to attend different types of performances or exhib...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Though artists live and work across the country, the concentration of performers and creative artists is highly skewed toward specific states. California and New York account...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
There are many artists working in the industry competing for limited spots. Artists don’t have to compete with everyone in the industry, because there are many levels and var...
Learn about the performance of the top companies in the industry.
There are no major companies dominating the industry. Even though many individual artists (e.g. A-list actors and bestselling authors) make millions of dollars annually, none...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Unions, guilds and associations play an important role within the industry, providing support and representation for its members. Some unions representing artists in the indu...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Income for nonemployers is included in profit, not wages, since revenue is used for business and personal expenses. A-list actors report high profits, contributing to current...
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Performers & Creative Artists in the US industry in United States is $57.4bn in 2024.
There are 1m businesses in the Performers & Creative Artists in the US industry in United States, which has grown at a CAGR of 3.0 % between 2019 and 2024.
The market size of the Performers & Creative Artists in the US industry in United States has been growing at a CAGR of 0.4 % between 2019 and 2024.
Over the next five years, the Performers & Creative Artists in the US industry in United States is expected to decline.
Actors, independent and Authors, independent are part of the Performers & Creative Artists in the US industry.
The level of competition is high and steady in the Performers & Creative Artists in the US industry in United States.