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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 | May 2015

Work of art: Museum visitation and private donations have risen, increasing revenue for the industry

IBISWorld’s Museums 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
Industry Statistics & Market Size
Revenue
$11bn
Annual Growth 10-15
1.8%
Annual Growth 15-20
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Profit
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Employment
97,713
Businesses
9,869
Industry Analysis & Industry Trends

The recession and the economy's subsequent slow recovery have tempered growth for the Museums industry. However, with the economy on the rebound, museum visitation and private donations have risen, increasing revenue for the industry. Over the five years to 2020, economic conditions in the industry are set to improve. Increased disposable income will allow more families and individuals to spend on discretionary services, such as museum visits. Still, gains from improved economic conditions will be partly offset by limited government funding. Industry growth will also likely be tempered by the rising availability and popularity of virtual tours... purchase to read more

Industry Report - Industry Investment Chapter

The Museums industry has a moderate level of capital intensity. In 2015, industry operators will invest $0.31 in capital investment for every dollar spent on wages. Capital intensity has remained constant over the five years to 2015. Typically, museums employ between nine and 10 employees per site; however, this figure varies significantly depending on the size of the respective museum. Typical museum employees include museum educators, curators, collections manager, registrar, museum vendors, security personnel, customer service employees and tour guides. Significant capital investment is also required on the part of museum operators to maintain paintings, sculptures, structures and other artifacts... 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 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
Art museums and galleriesHistorical museumsScience and technology museumsHalls of fameMilitary museums
 
Industry Activities
Art galleries (except)Art museumsHalls of fameHerbariumsHistorical museumsMarine museumsMilitary museumsMobile museumsNatural history museumsScience and technology museums


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