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Religious Organizations in the US: Market Research Report

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

Religious Organizations Market Research Report | NAICS 81311 | Apr 2014

Losing faith: Renewed incomes will boost donations, but attendance will continue to drop

IBISWorld’s Religious Organizations 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
$108bn
Annual Growth 09-14
-0.3%
Annual Growth 14-19
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Profit
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Employment
1,668,207
Businesses
14
Industry Analysis & Industry Trends

Unpopular belief

Slowing participation numbers and donations, increased skepticism among younger generations and new religions brought stateside by immigrants are trends that will likely occur in the next several years. Despite lower church attendance, revenue will experience slow growth as higher disposable incomes allow individuals to make more donations... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Religious Organizations industry is in the declining stage of its industry life cycle. Industry value added (IVA), which measures the industry's contribution to the overall economy, is forecast to slowly increase at an average annual rate of 0.2% over the 10 years to 2019. By comparison, GDP is projected to grow at an average rate of 2.7% per year over the same ten-year period. Consequently, the industry's contribution to the overall economy is contracting, which indicates a declining industry.

Public confidence in organized religion has declined over the past five years. This was matched by a growing percentage of individuals with no religious beliefs... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Religious Organizations Industry?

This industry consists of religious organizations that provide religious worship or promote religious activities. It includes organizations that administer an organized religion and smaller faiths that are not recognized in mainstream religious teaching. Establishments include churches, temples, mosques, synagogues and other houses of worship, as well as convents, monasteries and community centers. This industry does not include schools and hospitals operated by religious organizations.

Industry Products
Protestant worship servicesCatholic worship servicesOther Christian worship servicesOther religious worship servicesFuneral servicesHospital and home visits
 
Industry Activities
Bible society operation Church operation Missionary society operationMonastery operation (except schools)Mosque operation Synagogue operationTemple operationReligious shrines operationConvents (except schools) operation


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