Losing faith: Despite growth in non-Christian religions, overall adherence numbers decline

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 data, 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, revenue made by religious groups is estimated to only increase by an annualised 0.2% over the five years through 2018-19, to reach $4.67 billion...read more.

Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 14-19
0.2%
Forecast Growth 19-24
Profit
Employment
37,710
Businesses
125
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The number of religious Australians is steadily declining, hampering revenue growth
  • 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
  • Industry Report - Industry Analysis Chapter

    The Religious Services industry has faced numerous challenges over the past five years. Many religious organisations have faced declines in affiliation numbers over 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.Loss of faithYounger generations in Australia are far less likely to characterise themselves as religious than older generations. Thi...purchase to read more.

    Additional Insights for the Religious Services Industry

    IBISWorld has determined the most important Key Success Factors for the Religious Services 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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    What's in this report

    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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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 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

  • 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
    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
    There are no major players in this industry. This report includes analysis of other companies.
    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
    Table: Industry Data for the Religious Services Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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.
  • What Our Customers Say

    Why buy this report?

    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.

    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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