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Art Galleries and Museums in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Art Galleries and Museums Market Research Report | ANZSIC R8910 | Oct 2015

Cultural contest: Intensifying competition for visitors and funding has constrained revenue growth

IBISWorld’s Art Galleries and Museums market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 11-16
2.4%
Annual Growth 16-21
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Profit
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Employment
9,578
Businesses
1,301
Industry Analysis & Industry Trends

The Art Galleries and Museums industry operates in a highly competitive environment, contending with other leisure, sporting and entertainment industries for its share of consumer expenditure and government grants and funding. Consequently, the industry has been developing new visually exciting, imaginative and interactive educational displays and special exhibitions to attract new visitors and retain existing ones. Art galleries and museums have continued to reinvent and reposition themselves to draw in visitors and gain government grants, particularly as competing industries have continued to undertake similar programs to increase patronage and revenue... purchase to read more

Industry Report - Industry Analysis Chapter

The Art Galleries and Museums industry has been operating in an increasingly competitive environment. The industry has not only faced competition in attracting visitors and generating revenue, but has also had to fight for its share of government budgetary resources. Many art galleries and museums, therefore, have attempted to attract interest by reinventing themselves, becoming more interactive and distributing content across a variety of media channels. Profit margins are low and have declined over the past five years, due to a drop in revenue from admissions.

Government funding accounts for about 70% of industry revenue. As a result, fluctuations in funding lead to revenue volatility... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Art Galleries and Museums Industry?

Operators in the industry run and manage art galleries and museums across Australia. The industry also includes businesses that operate historic houses.

Industry Products
Art gallery exhibitionsMuseum exhibitionsMerchandise sales
 
Industry Activities
Art gallery operations (except)Art museum operations (except)Historic house and heritage site operationsHistoric railway operationsMaritime museum operationsMuseum operationsNatural history and science centre operationsSocial history museum operationsTransport museum operationsWar memorial museum operations


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