Hitting the books: Structural changes have reduced branch numbers over the past five years

Libraries and archives collect, preserve and provide public access to various forms of digital and physical media, such as books, journals and newspapers. The Libraries and Archives industry is primarily funded by governments based on the public good it provides, with most industry services provided to users free of charge. Government funding accounts for more than 90% of industry revenue. As a result, industry performance is strongly influenced by trends in federal, state and local government funding. The remaining share of industry revenue is typically derived from fees and late charges, as well as private funding and donations.Industry revenue is expected to grow at a compound annual rate of 1.6% over the five years through 2016-17...read more.

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

Industry Threats & Opportunities

  • Libraries are anticipated to continue to incorporate greater volumes of electronic materials
  • Overall library activity is expected to grow, driven by growth in online libraries and archives
  • Improving cost efficiency will become increasingly important for industry operators
  • Industry Report - Industry Investment Chapter

    The industry is characterised by high capital intensity. In 2016-17, for every dollar spent as wages, an estimated $0.35 is invested in capital. The industry has become increasingly capital intensive over the past five years. Industry operators rely on sophisticated software and computer systems to ensure efficient archival and collection tracking. Archives require large amounts of technology to ensure accurate and adequate record keeping. Industry collections are typically composed of high volume, low-value items. Resources such as books are often depreciated in the first few years of ownership, if not expensed outright in the purchase year.Wages are also high as a percentage of industry revenue. Libraries and archives require significant labour inputs. Emp...purchase to read more.

    Additional Insights for the Libraries and Archives Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Libraries and Archives Industry are

  • Ability to attract local support/patronage
  • Ability to quickly adopt new technology
  • Ability to take advantage of government subsidies and other grants
  • IBISWorld analysts also discuss how external factors such as Government funding for heritage and arts and Population in the Libraries and Archives industry impact industry performance..

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    What's in this report

    What is the Libraries and Archives Industry?

    Libraries and archives collect and maintain various types of media, such as books, journals, newspapers and music. Industry establishments display many of these materials for public access, as well as preserving collections for the historical record. All or part of industry collections may be accessible online.

    Industry Products
  • National and state public libraries
  • Local government libraries
  • National and state archives
  • Industry Activities
  • Archival operation
  • Film archive operation
  • Lending library operation
  • Library operation (except motion picture stock footage and distribution)
  • Mobile library operation
  • Motion picture film archive operation
  • Music archive operation
  • Reference library operation
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Government funding for heritage and arts
  • Population
  • Internet connections
  • Secondary school retention rate

  • Current Performance
  • Digital and community engagement
  • Employment

    and costs

  • Industry structure and profitability
  • Chart: Revenue Growth

  • Industry Outlook
  • Technology change and employment
  • Catalogue costs
  • Table: Libraries and Archives Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Libraries and Archives Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Public Administration and Safety
  • Consumers

  • Key Selling Industries
  • Book and Magazine Wholesaling
  • Computer and Electronic Equipment Repair
  • Data Storage Services
  • Internet Publishing and Broadcasting
  • Newspaper and Book Retailing

  • Products & Services
  • Local government libraries
  • National and state public libraries
  • National and state archives
  • Chart: Libraries and Archives Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Visitors aged 25 to 54
  • Visitors aged 55 and over
  • Visitors aged 15 to 24
  • Chart: Major Market Segmentation for the Libraries and Archives 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 Libraries and Archives

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Libraries and Archives Industry

  • Industry Globalization
    Library Council of New South Wales, National Archives of Australia,
  • Table: Library Council of New South Wales - financial performance
  • Table: National Archives of Australia - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Libraries and Archives 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 Libraries and Archives 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
  • Libraries that cannot be accessed by the general public, but act as a storehouse for documents of special significance.
  • Municipal Libraries
  • Libraries that are funded by state and local governments and service a specific geographic region.
  • Periodicals
  • Any printed material (including newspapers and magazines) that are issued on a date-specific timeline.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Libraries and Archives 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.

    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 Libraries and Archives:
    • 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 Libraries and Archives 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 Libraries and Archives, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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