Run the show: Industry revenue has increased due to funding and income growth

The Performing Arts Operation industry is expected to perform strongly over the five years through 2018-19. Positive demand drivers for performance arts events include higher household income, lower national unemployment, growth in women participating in the work force, and increased household expenditure on recreation and culture. On the supply side, performing arts organisations that offer regular and popular concerts and events, and greater government funding for performing arts, contribute to industry output and revenue growth.Industry revenue is expected to increase at an annualised 4.5% over the five years through 2018-19, to total $220.9 million in the current year...read more.

Industry Statistics & Market Size
Revenue
$221m
Annual Growth 14-19
4.5%
Forecast Growth 19-24
Profit
Employment
1,060
Businesses
543

Industry Threats & Opportunities

  • Government funding is high for some industry organisations and service segments
  • Attendances have increased due to higher discretionary income and a lower unemployment rate
  • Demand growth and a high level of government funding are anticipated to support industry profit
  • Industry Report - Starting a New Business Chapter

    Although entry barriers tend to be moderate for new entrants to the industry, it can be difficult for new firms to establish themselves and generate sufficient revenue and profit. Due to a moderate regulatory environment, it is fairly easy to set up a new business that offers performing arts services. There are also cost-effective ways of advertising music and related events, such as online promotions. However, larger events tend to be advertised extensively and across a range of media, which can make it difficult for new companies to gain a foothold in the industry. Furthermore, access to talented and experienced performers can be difficult to obtain, increasing entry barriers to the industry...purchase to read more.

    Additional Insights for the Performing Arts Operation Industry

    IBISWorld has determined the most important Key Success Factors for the Performing Arts Operation are:

  • Ability to attract local support/patronage
  • Ensuring pricing policy is appropriate
  • Production of premium goods/services
  • IBISWorld analysts also discuss how external factors such as Government expenditure on recreation, culture and religion and Expenditure on recreation and culture in the Performing Arts Operation industry impact industry performance..

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    What's in this report

    What is the Performing Arts Operation in New Zealand Industry?

    The industry is engaged in providing or producing live theatrical, musical, and dance performances, such as ballet, opera and circus.

    Industry Products
  • Popular music concerts
  • Musicals, operas and theatre performances
  • Dance performances
  • Classical music concerts
  • Other performances
  • Industry Activities
  • Circus operation
  • Dance and ballet company operation
  • Musical comedy company operation
  • Musical productions
  • Opera company operation
  • Orchestra operation
  • Other performing arts operation
  • Stand-up comedy events
  • Theatre restaurant operation (mainly entertainment facility)
  • Theatrical company 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 expenditure on recreation, culture and religion
  • Expenditure on recreation and culture
  • Real household discretionary income
  • National unemployment rate
  • Business confidence index
  • Females in the labour force

  • Current Performance
  • Positive demand growth
  • Revenue and profit
  • Performing arts funding
  • Enterprises and employment
  • Chart: Revenue Growth

  • Industry Outlook
  • Moderate revenue growth
  • Substitute threats
  • Enterprises and employment
  • Table: Performing Arts Operation Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Performing Arts Operation Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers in New Zealand

  • Key Selling Industries
  • Advertising and Market Research Services in New Zealand
  • Electric Lighting and Other Electrical Equipment Manufacturing in New Zealand
  • Road Freight Transport in New Zealand

  • Products & Services
  • Popular music concerts
  • Musicals, operas and theatre performances
  • Classical music concerts
  • Dance performances
  • Other performances
  • Chart: Performing Arts Operation Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Females aged 25 to 44
  • Females aged 45 to 64
  • Males aged 25 to 44
  • Males aged 45 to 64
  • Females aged 15 to 24
  • Females aged 65 and over
  • Males aged 15 to 24
  • Males aged 65 and over
  • Chart: Major Market Segmentation for the Performing Arts Operation Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Performing Arts Operation

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Performing Arts Operation Industry

  • Industry Globalization
    New Zealand Symphony Orchestra, The Royal New Zealand Ballet, Auckland Philharmonia Trust,
  • Table: New Zealand Symphony Orchestra - financial performance
  • Table: The Royal New Zealand Ballet - financial performance
  • Table: Auckland Philharmonia Trust - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Performing Arts Operation 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 Performing Arts Operation 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
    Audio-Visual Equipment
  • Sound and lighting equipment to enhance a music, dance or theatre performance.
  • Bequests
  • Donations left in the will of a person to an organisation.
  • Corporate Sponsorship
  • Funding provided by private companies to organisations in the industry.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Performing Arts Operation in New Zealand market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    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 Performing Arts Operation in New Zealand:
    • 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 Performing Arts Operation in New Zealand 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 Performing Arts Operation in New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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