Industry Analysis & Industry Trends
The Art Galleries and Museums industry operates in a competitive environment, competing against other leisure, sporting and entertainment industries for its share of consumer expenditure and government grants and funding. In this environment, new, visually exciting, imaginative and interactive educational displays and special exhibitions have been developed in order for the industry to survive. Art galleries and museums, therefore, have to continue to re-invent and re-position themselves to attract interest and draw in visitors.
Successful museum operators are also linking onto existing and emerging digital media to offer online virtual museums. A... purchase to read more
Industry Report - Industry Key Buyers Chapter
The concentration level in the industry is low, with the largest four operators accounting for an estimated 24.8% of revenue in 2012-13. The eight largest operators are estimated to account for 36% of industry revenue for the year.
The industry concentration level has undergone little change in the past five years, and IBISWorld estimates it will remain at a low level over the five years through 2017-18. This will be mainly due to the level of government funding available, with the majority of funding continuing to be received by the large establishments. Also, geographic and investment limitations provide few opportunities for the industry's operators to expand significantly, while smaller organisations face funding and revenue constraints... purchase to read more