Overview

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

IBISWorld’s Religious Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 Threats & Opportunities

  • The number of Australians considering themselves religious has been steadily declining
  • The shift towards religions other than Christianity has had minimal effect on industry revenue
  • Religious beliefs are projected to continue diversifying, growing industry enterprise numbers

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    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 SWOT Analysis Chapter

    The Religious Services industry is in a mature phase of its life cycle. Despite heavy immigration from deeply religious nations, the number of religious observers in the country is falling, with money made from donations and bequests showing low growth. However, a large number of Australians continue to have an affiliation with a religion, implying that religious organisations will continue to play an important role in communities in the foreseeable future. Large, established religions, while declining, are at no risk of obsolescence in the foreseeable future. Sma..

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    Additional Insights for the Religious Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Religious Services Industry are

  • Well developed internal processes
  • Proximity to key markets
  • Having a loyal customer base
  • IBISWorld analysts also discuss how external factors such as Church attendance and Real household discretionary income in the Religious Services industry impact industry performance..

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    New Zealand Special Report

    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 Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Church attendance
  • Real household discretionary income
  • Consumer sentiment index
  • Net migration
  • Population aged 50 and older

  • Current Performance
  • Loss of faith
  • Not religious
  • Immigration patterns
  • Establishment numbers in decline
  • Chart: Revenue Growth

  • Industry Outlook
  • Weak revenue and profit growth
  • Establishment numbers fall
  • Future religious trends
  • Table: Religious Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Religious Services Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Accommodation for the Aged
  • Crisis and Care Accommodation
  • Community Associations and Other Interest Groups
  • Consumers

  • Key Selling Industries
  • Consumers
  • Retail Trade

  • Products & Services
  • Catholic services
  • Anglican Church services
  • Other Christian services
  • Uniting Church services
  • Other non-Christian services
  • Presbyterian and Reformed services
  • Buddhist services
  • Islamic services
  • Chart: Religious Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Fourth household income quintile
  • Highest household income quintile
  • Second household income quintile
  • Third household income quintile
  • Lowest household income quintile
  • Chart: Major Market Segmentation for the Religious Services 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 Religious Services

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Religious Services Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Religious Services 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 Religious Services 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
    Adherence
  • The number of people that subscribe to a given religion in the national census, irrespective of their attendance at services.
  • Attendance
  • The number of followers that regularly attends services at their given house of worship.
  • Bequest
  • Money donated from the estate of a deceased person.
  • 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 Religious Services:
    • 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 Religious Services 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 Religious Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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