Product Code: ETC267745 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The music recording market in Thailand has evolved in response to changing consumer preferences and the digitalization of music distribution. Local artists, as well as international musicians, contribute to the diversity of music genres available. Streaming platforms and digital downloads have become increasingly popular, leading to a shift away from traditional physical media. Studios, producers, and musicians are adapting to the digital landscape to reach a broader audience and stay competitive in the industry.
The Thailand music recording market has experienced significant growth in recent years, primarily driven by the rapid digitalization of the music industry. The proliferation of streaming platforms and online music stores has made it easier for both established and emerging artists to distribute their music to a wider audience. Additionally, the rise of social media and user-generated content has increased the demand for high-quality music recordings to accompany videos and other digital content. Furthermore, the Thai government`s efforts to promote the creative industry, including music, through grants and incentives, have provided a boost to the market. Overall, the convergence of technology and creativity has been a key driver of growth in the Thailand music recording market.
The music recording market in Thailand faces challenges related to piracy and copyright infringement. The widespread availability of pirated music and illegal downloads poses a significant threat to the revenue of music recording companies. Additionally, the shift towards streaming services and the decline in physical music sales present further challenges in terms of monetizing content.
The Thailand Music Recording Market underwent a transformation during the COVID-19 pandemic. With live music events canceled or postponed, musicians and recording studios faced financial challenges. However, there was an uptick in online music consumption, streaming, and virtual performances. Musicians and producers adapted to remote recording and production methods. As the music industry continues to embrace digital platforms and virtual experiences, the market is expected to evolve with a hybrid approach that combines in-person and online music experiences.
The Thailand Music Recording market features both established and emerging players. Leading the industry are well-known music production and recording companies such as GMM Grammy Public Company Limited, RS Public Company Limited, and Spicydisc, which have a long-standing presence in the Thai music industry. These companies have contributed significantly to the growth of local music talent and have a vast catalog of Thai music across various genres. Additionally, there is a growing presence of independent studios and producers who are gaining recognition for their work, adding diversity to the market.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Music Recording Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Music Recording Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Music Recording Market - Industry Life Cycle |
3.4 Thailand Music Recording Market - Porter's Five Forces |
3.5 Thailand Music Recording Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Thailand Music Recording Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Thailand Music Recording Market Revenues & Volume Share, By End-User, 2021 & 2031F |
3.8 Thailand Music Recording Market Revenues & Volume Share, By Genre, 2021 & 2031F |
4 Thailand Music Recording Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Music Recording Market Trends |
6 Thailand Music Recording Market, By Types |
6.1 Thailand Music Recording Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Music Recording Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Thailand Music Recording Market Revenues & Volume, By Record Production, 2021-2031F |
6.1.4 Thailand Music Recording Market Revenues & Volume, By Music Publishers, 2021-2031F |
6.1.5 Thailand Music Recording Market Revenues & Volume, By Record Distribution, 2021-2031F |
6.1.6 Thailand Music Recording Market Revenues & Volume, By Sound Recording Studios, 2021-2031F |
6.2 Thailand Music Recording Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Thailand Music Recording Market Revenues & Volume, By Mechanical, 2021-2031F |
6.2.3 Thailand Music Recording Market Revenues & Volume, By Performance, 2021-2031F |
6.2.4 Thailand Music Recording Market Revenues & Volume, By Synchronization, 2021-2031F |
6.2.5 Thailand Music Recording Market Revenues & Volume, By Digital, 2021-2031F |
6.2.6 Thailand Music Recording Market Revenues & Volume, By Others, 2021-2031F |
6.3 Thailand Music Recording Market, By End-User |
6.3.1 Overview and Analysis |
6.3.2 Thailand Music Recording Market Revenues & Volume, By Individual, 2021-2031F |
6.3.3 Thailand Music Recording Market Revenues & Volume, By Commercial, 2021-2031F |
6.4 Thailand Music Recording Market, By Genre |
6.4.1 Overview and Analysis |
6.4.2 Thailand Music Recording Market Revenues & Volume, By Rock, 2021-2031F |
6.4.3 Thailand Music Recording Market Revenues & Volume, By Hip Hop, 2021-2031F |
6.4.4 Thailand Music Recording Market Revenues & Volume, By Pop, 2021-2031F |
6.4.5 Thailand Music Recording Market Revenues & Volume, By Jazz, 2021-2031F |
6.4.6 Thailand Music Recording Market Revenues & Volume, By Others, 2021-2031F |
7 Thailand Music Recording Market Import-Export Trade Statistics |
7.1 Thailand Music Recording Market Export to Major Countries |
7.2 Thailand Music Recording Market Imports from Major Countries |
8 Thailand Music Recording Market Key Performance Indicators |
9 Thailand Music Recording Market - Opportunity Assessment |
9.1 Thailand Music Recording Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Thailand Music Recording Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Thailand Music Recording Market Opportunity Assessment, By End-User, 2021 & 2031F |
9.4 Thailand Music Recording Market Opportunity Assessment, By Genre, 2021 & 2031F |
10 Thailand Music Recording Market - Competitive Landscape |
10.1 Thailand Music Recording Market Revenue Share, By Companies, 2024 |
10.2 Thailand Music Recording Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |