Overview

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

IBISWorld’s Performing Arts Venues market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

REPORT SNAPSHOT

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

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    Industry Analysis & Industry Trends

    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 years...

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    Industry Report - Industry SWOT Analysis Chapter

    The Performing Arts Venues industry is in the mature phase of its economic life cycle. As performing arts is a source of entertainment for many local residents and many large-scale venues represent Australian landmarks, it is unlikely that the use of industry venues will diminish. Industry value added, which measures the industry's contribution to the Australian economy, is forecast to rise at an annualised 1.6% over the 10 years through 2021-22. Although IVA is growing, the industry is expected to underperform annualised real GDP growth of 2.5% over the same period, which indicates that the industry is in the mature stage of its economic life cycle. Des..

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    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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    Industry Products

    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

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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

  • Products & Markets
    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
    Competitive Landscape
    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
    Major Companies
    Sydney Opera House TrustVictorian Arts Centre TrustQueensland Performing Arts TrustAdelaide 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

  • Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Performing Arts Venues Industry
    Includes:
  • 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
    Jargon & Glossary
    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.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    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

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Performing Arts Venues, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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