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Libraries & Archives in the US: Market Research Report

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

Libraries & Archives Market Research Report | Advisory & Financial Services | Investment Research & Platforms | Mar 2016

Page turner: As federal funding for the arts declines, so will industry revenue

IBISWorld’s Libraries & Archives 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
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$16bn
Annual Growth 11-16
0.0%
Annual Growth 16-21
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Profit
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Employment
163,111
Businesses
10,561
Industry Analysis & Industry Trends

Declining government support over the past five years can be entirely attributed to the recession. Rising unemployment and falling disposable income resulted in declining tax revenue for state and local governments, which necessitated budget cuts. Since many public libraries serve as the only source of free computers and wireless internet in their community, according to the American Library Association, funding is anticipated to rise as the economy recovers and tax revenue increases. Rising disposable income levels will also bolster consumer donations to libraries.... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Libraries and Archives industry is characterized by low market share concentration. Public libraries are located throughout the United States so that Americans may access information for free. Concentration of libraries and archives are typically dependent on the size of the population in the region; however, other factors, such as the number of colleges, average age of citizens and historical importance, may cause that number to vary. Libraries and archives are typically government run, though private and investor-owned establishments do exist. There is limited scope to operate multiple libraries and win significant market share due to the number of public libraries that private establishments compete with... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Libraries & Archives Industry?

Industry establishments provide library or archiving services, maintaining collections of documents for informational, research, educational or recreational needs. Libraries store historical documents, photographs, maps, audio material and audiovisual material, and make them accessible to the public. This industry includes both public and private libraries, but excludes university libraries, corporate libraries and establishments that do not primarily provide library services.

Industry Products
In-house book and database accessBorrowing servicesAccess to computers and digital databasesArchival institution services
 
Industry Activities
Operate general archivesOperate circulating and lending librariesOperate film archivesOperate reference librariesOperate music archives


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