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Museums in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Museums Market Research Report | NAICS 71211 | Jul 2013

Unnatural history: Museums will make a comeback despite less funding from the government

IBISWorld’s Museums 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.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$9bn
Annual Growth 08-13
-0.6%
Annual Growth 13-18
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Profit
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Employment
81,368
Businesses
4,845
Industry Analysis & Industry Trends

Not yet history

The success of museums is tied to how much disposable income the public is willing to spend on visiting museums, and how many private donations are made to the establishment. During the recession, both of these factors decreased, but as the economy moves toward recovery, the industry should experience growth. However, growth may be stifled as digital walk-throughs of museums gain popularity... purchase to read more

Industry Report - Industry Analysis Chapter

The majority of museums in the United States are nonprofit institutions, meaning they obtain tax-exempt status from the IRS. Although these institutions may generate a profit, this money must be used by the museum. In contrast to nonprofits, for-profit museums do not have the same access to federal funding, foundation grants or tax-exempt donations. According to the latest Census data, about 9.4% of museums are for-profit.

The industry encompasses a wide variety of museums, including art museums, community and historical museums, interactive museums, military museums, natural history museums, science museums and wax museums. The industry also includes halls of fame, art galleries, planetariums and traveling museum exhibits... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Museums Industry?

This industry engages in the preservation and exhibition of objects of historical, cultural and/or educational value and includes art galleries, art museums and other museums in general. This industry does not include commercial art galleries that sell art objects.

Industry Products
Admissions to cultural institutionsAdmissions to museumsOther admissionsMembershipGuided tours and educative services
 
Industry Activities
Art galleries (except)Art museumsHalls of fameHerbariumsHistorical museumsMarine museumsMilitary museumsMobile museumsNatural history museumsScience and technology museums


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