Number of Musical Groups and Artists Businesses in the US (2000–2023)
As of 2023
8,560
musical groups and artists businesses in the United States
Number of Firms Over Time
Total Employment Over Time
Key Insights
- •The musical groups and artists industry has grown 13.1% since 2000 (from 7,569 to 8,560 firms).
- •The peak year was 2023 with 8,560 firms.
- •Recent trend (last 5 years): the industry is growing (+12.4%).
- •Employment: 125,872 workers in 2023 (3.2% change since 2000).
- •Estimated 5-year survival rate: 62%.
Year-by-Year Data
| Year | Firms | Establishments | Employment | Entry Rate | Exit Rate | Net Growth |
|---|---|---|---|---|---|---|
| 2023 | 8,560 | 8,671 | 125,872 | 15.1% | 9.2% | +7.6% |
| 2022 | 8,059 | 8,170 | 116,999 | 23.9% | 9.4% | +56.9% |
| 2021 | 6,946 | 7,044 | 65,127 | 12.4% | 22.8% | -61.8% |
| 2020 | 7,725 | 7,855 | 124,289 | 12.7% | 11.9% | -2.3% |
| 2019 | 7,619 | 7,752 | 126,730 | 12.9% | 9.2% | +3.3% |
| 2018 | 7,319 | 7,457 | 122,481 | 11.4% | 9.5% | +0.8% |
| 2017 | 7,153 | 7,283 | 120,744 | 11.3% | 10.6% | +0.4% |
| 2016 | 7,260 | 7,404 | 125,134 | 11.9% | 10.1% | +2.9% |
| 2015 | 7,121 | 7,261 | 122,611 | 11.7% | 9.7% | +0.8% |
| 2014 | 6,960 | 7,096 | 120,684 | 11.5% | 11.1% | +2.0% |
Source: U.S. Census Bureau, Business Dynamics Statistics (BDS). Entry/exit rates refer to establishment openings and closings.