Sir Elton John and lyricist Bernie Taupin were among the stars at the 44th annual Songwriters Hall of Fame ceremony in New York on Thursday.
The Class of 2013 was made up of Tyler and Perry, Mick Jones and Lou Gramm of Foreigner, Holly Knight, JD Souther and Neighbours composer Tony Hatch.
Sir Elton and Taupin received the Johnny Mercer award.
"When you get an Ivor Novello award or an American songwriter's award, it means so much more than a Grammy because this is where the whole process starts," said Sir Elton.
The duo behind tracks such as Rocket Man and Candle in the Wind, were cited by Sting as "my two heroes", as he opened the ceremony with a performance of their hit song Saturday Night's Alright for Fighting .
Nickelback were on hand to perform a rendition of Aerosmith's Sweet Emotion at the ceremony, while Tyler and Perry performed Walk This Way.
"I love that Joe and I are getting inducted tonight because we put our nose to the grindstone. We can't get harmony if everybody is singing the same note," said Tyler.
"It means that people are listening to what we're doing," added Perry. "Like Steven said, we're always under the hood working, or we're on the road, whatever. That's what the band is, it's work, and we're doing it."
Neighbours composer Tony Hatch had a long and fruitful collaboration with Petula Clark
Petula Clark performed Downtown, one of the many hits written and produced by Britain's Tony Hatch, arguably best known in the UK for co-writing the theme tunes to TV soaps Neighbours, Crossroads and the original Emmerdale Farm.
Smokey Robinson - who is recovering from inflamed vocal chords prompting a two-month break from performing - debuted part of a new song he wrote about Berry Gordy, who he called his "mentor, brother, sometimes dad and best friend".
"On the very first day of Motown, when Berry Gordy started Motown, there were five people there, and he sat us down. He said 'we are not just going to make black music; we are going to make music for everybody. We're gonna make music for the world. We're always going to make quality music with great stories and great beats.'
"And thank God, that's what we did."
The night also paid tribute to Hal David, who died last year, and Phil Ramone, who died in March.