Overview

Fall from grace: A drop in adherence numbers has caused revenue to decline in the current year

IBISWorld’s Religious Services 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

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$5bn
Annual Growth
2013 - 2018
0.2%
Annual Growth
2018 - 2023
Profit
Employment
37,920
Business
125

Industry Threats & Opportunities

  • The number of Australians that consider themselves religious is steadily declining
  • The shift towards religions other than Christianity has had minimal effect on industry revenue
  • Religious beliefs are likely to diversify, and cause the number of industry enterprises to increase

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    Industry Analysis & Industry Trends

    Australia has become an increasingly secular nation over the past five years. This trend has posed challenges to the Religious Services industry. According to ABS Census record, the number of Australians that consider themselves religious has declined steadily for several decades. This trend has continued over the past five years, despite relatively high immigration from regions with strong religious adherence. Overall, the decline in adherence to most traditional Christian faiths is outstripping growth in adherence 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. Overall, the industry is projected to grow by an annualised 0.2% over the five years through 2017-18, to reach $4.5 billion...

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    Industry Report - Industry Key Buyers Chapter

    Little data exists on the revenue of individual religious establishments in Australia. As a result, the most accurate guide to determining concentration is the share of population that adheres to each faith according to the Australia Census. Using this measure as a base, the Australian Religious Services industry is highly concentrated and dominated by Christian religions. Although the number of adherents of Christian religions has waned over the last 100 years, Australia still remains an overwhelmingly Christian nation.

    The top three religions in Australia in terms of the number of followers are all Christian: Catholic, Anglican, and Uniting Church. When all Christian religious denominations are combined, their followers are projected to account for 85.9% o..

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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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    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
  • Islamic services
  • Buddhist services
  • Presbyterian and Reformed 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
  • Internal competition
  • External 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 (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • 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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