Industry Analysis & Industry Trends
The Art Galleries and Museums industry has achieved modest growth in a highly competitive environment. Art galleries and museums contend with other leisure, sporting and entertainment organisations for their share of consumer expenditure and government funding. As such, the industry has developed new, special exhibitions and interactive educational displays to attract new visitors and retain existing patrons. Art galleries and museums have continued to reposition themselves as social institutions, widening their appeal to new audiences and helping them secure government grants.
Successful art gallery and museum operators have made use of existing and emerging digital media to offer online virtual museums... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Art Galleries and Museums industry has a low market share concentration, with the largest four operators accounting for slightly less than 20% of industry revenue. Industry concentration has declined over the past five years, as new art galleries and museums have opened up to compete with established organisations. Despite this market share decline, industry concentration is forecast to remain steady over the next five years. Large establishments will continue to receive the majority of government funding, while smaller organisations may miss out on federal government grants due to budget cuts and be forced to close down... purchase to read more