Overview

Preaching to the choir: Falling adherent numbers are constraining revenue growth

The Religious Services market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$4bn
Annual Growth
2012 - 2017
0.9%
Annual Growth
2017 - 2022
Profit
Employment
38,390
Business
124

Industry Analysis & Industry Trends

Australia has become an increasingly secular nation, which is posing a challenge to the Religious Services industry. The number of Australians as a proportion of the population that consider themselves religious has steadily declined for several decades according to census records. This trend has continued, despite significant immigration from regions with substantially higher levels of religious adherence. Overall, declines in adherence to traditional Christian faiths is outstripping growth of adherents to most non-Christian religions. As a result, the amount of revenue made by religious groups has only increased slightly over the past five years. The Religious Services industry is projected to grow by an annualised 0.9%...

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Industry Report - Industry Analysis Chapter

The Religious Services industry is facing numerous challenges. Many religious organisations have been suffering declines in affiliation numbers for the past three decades. Traditional western religions have found themselves philosophically out of step with modern social norms, and public cynicism has grown towards major organised religion. These faiths are commonly criticised as having lost touch with younger generations and their ideals. These factors have limited revenue growth in the Religious Services industry over the past five years.

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Industry Products

What is the Religious Services Industry?

The industry consists of religious organisations operated for religious worship or for the promotion of religious activities. The industry includes churches, temples and monasteries. It also includes organisations primarily engaged in administering an organised religion.

Industry Products
Catholic services
Anglican Church services
Other Christian services
Uniting Church services
Presbyterian and Reformed services
Buddhist services
Islamic services
Other non-Christian services
Industry Activities
Bible society operation
Church operation
Convent operation
Diocesan registry operation
Missionary operation
Monastery operation
Mosque operation
Religious organisation operation
Religious shrine and temple operation
Synagogue operation

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations

Competitive Landscape

Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
industry Globalisation

Major Companies

Operating Conditions

Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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