Competitive sport: The popularity of sporting stadiums has constrained revenue growth

Revenue for the Performing Arts Venues industry has increased modestly over the past five years, as a result of subdued growth in demand from music and theatre production companies and rises in household discretionary income. Fluctuations in government funding and increased external competition have limited industry revenue growth. Although the growing popularity of contemporary music concerts has boosted demand for venues, industry operators have faced increasing competition from large-scale sporting stadiums and arenas for big-name artists, along with pubs and nightclubs that cater for smaller gigs and up-and-coming musicians. Furthermore, demand from more traditional performing arts, such as ballet and classical music, has declined over the past five more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Operators have faced increasing competition from sporting stadiums and arenas
  • Venues have increased their free community activities to stimulate interest in the industry
  • Industry players are anticipated to continue being affected by intensifying external competition
  • Industry Report - Industry Products Chapter

    The industry's main offerings include theatre services and production equipment hire, venue rental, ticketing services, and food and beverage services. Industry participants also earn revenue from other ventures such as tourism and on-site car park operations.Theatre services and production equipment hireTheatre services is the largest industry service segment, and includes production equipment hire. This segment supplies staff to performance companies for their productions, including box office staff, ushers, cleaners and other venue workers. This segment also includes technical staff such as lighting and sound technicians, along with the rental of technical production equipment. Dem...purchase to read more.

    Additional Insights for the Performing Arts Venues Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Performing Arts Venues Industry are

  • Proximity to key markets
  • Ability to accommodate environmental requirements
  • Effective product promotion
  • IBISWorld analysts also discuss how external factors such as Demand from music and theatre productions and Government funding for heritage and arts in the Performing Arts Venues industry impact industry performance..

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    What's in this report

    What is the Performing Arts Venues Industry?

    The industry operates performing arts venues.

    Industry Products
  • Theatre services and production equipment hire
  • Venue rental
  • Food and beverage services
  • Ticketing services
  • Tourism
  • Car park operations
  • Industry Activities
  • Operating entertainment centres
  • Operating concert halls
  • Operating opera houses
  • Operating performance theatres (except motion picture cinemas)
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from music and theatre productions
  • Government funding for heritage and arts
  • Real household discretionary income
  • Average weekly hours worked

  • Current Performance
  • Demand trends
  • Competition
  • Government funding
  • Expanding services
  • Chart: Revenue Growth

  • Industry Outlook
  • Funding models
  • Future challenges
  • Competition and

    new markets

  • Table: Performing Arts Venues Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Performing Arts Venues Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Music and Theatre Productions

  • Key Selling Industries
  • Audio Visual Electronic Equipment Manufacturing
  • Catering Services
  • Commercial and Industrial Building Construction
  • Electric Lighting Equipment Manufacturing

  • Products & Services
  • Theatre services and production equipment hire
  • Venue rental
  • Ticketing services
  • Food and beverage services
  • Tourism
  • Car park operations
  • Other
  • Chart: Performing Arts Venues Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Popular music providers
  • Households and businesses
  • Other performing arts organisations
  • Theatre companies
  • Musical and opera production companies
  • Dance companies
  • Classical music providers
  • Chart: Major Market Segmentation for the Performing Arts Venues Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Performing Arts Venues

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Performing Arts Venues Industry

  • Industry Globalization
    Sydney Opera House Trust, Victorian Arts Centre Trust, Queensland Performing Arts Trust, Adelaide Festival Centre Trust,
  • Table: Sydney Opera House Trust - financial performance
  • Table: Victorian Arts Centre Trust - financial performance
  • Table: Queensland Performing Arts Trust - financial performance
  • Table: Adelaide Festival Centre Trust - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Performing Arts Venues Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Performing Arts Venues Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Box Office
  • The desk at the front of an arts venue where tickets are sold.
  • Eisteddfod
  • A competitive festival for art performances, such as music or poetry.
  • Qtix
  • A ticketing service company operated by the Queensland Performing Arts Centre.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Performing Arts Venues market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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    This report on Performing Arts Venues:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Performing Arts Venues market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

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