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Libraries, Museums & Cultural Activities in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 91 March 2024 Spotlight Report

Revenue

€1.0bn

2019-2024 23.3 %
2024-2029 X.X %

Employees

2m

2019-2024 0.4 %
2024-2029 X.X %

Businesses

2,814

2019-2024 4.8 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

Libraries, Museums & Cultural Activities in Europe industry analysis

Europe’s libraries, museums and cultural activities are broad, vibrant and diverse, playing a significant role in the socio-economic development of the region. The industry helps to support thousands of jobs, fosters cultural exchange, promotes tourism and preserves the continent’s rich heritage. Heightened consumer interest in cultural experiences and sturdy tourism across Europe have supported industry demand. However, the COVID-19 outbreak severely disrupted operations, decimating revenue. The industry is still recovering from the repercussions of this. As a result, industry revenue is expected to contract at a compound annual rate of 6.8% to €52.8 billion over the five years through 2024, including an estimated 2.2% hike in the current year.

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Industry Statistics and Trends

Libraries, Museums & Cultural Activities in Europe key trends

COVID-19 significantly disrupted Europe's cultural sites’ revenue.

 

The pandemic led to several closures and travel restrictions, causing a huge blow to the revenue of libraries, museums and cultural sites across Europe.

Digitalisation in cultural spaces boosts accessibility and revenue.

 

As more European museums and libraries turn to digitising their collections, technology-driven experiences are capturing new audiences and rejuvenating the sector, offering both educational and financial benefits.

European libraries and museums are adopting more sustainable practices.

 

Through initiatives like energy-efficient systems, ethical sourcing and conservation-themed exhibitions, these cultural institutions are becoming eco-friendlier while attracting environmentally-conscious visitors.

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Libraries, Museums & Cultural Activities in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Libraries, Museums & Cultural Activities in Europe market size (2019-2024)

Industry revenue has declined at a CAGR of 23.3 % over the past five years, to reach an estimated €1.0bn in 2024.

Trends and Insights

Europe boasts significant cultural heritage, drawing vast crowds

  • France, the UK, Italy, Spain and Germany are leading countries in this industry due to their wealth of historical and cultural institutions and related activities.

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Libraries, Museums & Cultural Activities in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

Investment in technology will continue at pace, easing accessibility and driving revenue

  • More European libraries and museums will move towards digitising their collections, allowing more people to experience European culture without geographical barriers.

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Revenue

€1.0bn

2019-2024 23.3 %
2024-2029 X.X %

Employees

2m

2019-2024 0.4 %
2024-2029 X.X %

Wages

€XX.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 0.4 % *
  • Job Growth

Top 5 Countries

  1. Russia +3.3%
  2. Andorra +0.4%
  3. Monaco +0.4%
  4. San Marino +0.4%
  5. Malta +0.4%

Bottom 5 Countries

  1. United Kingdom 0.0%
  2. Albania +0.4%
  3. Liechtenstein +0.4%
  4. Belarus +0.4%
  5. Latvia +0.4%

* CAGR values are for the years 2019-2024.

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Biggest companies in the Libraries, Museums & Cultural Activities in Europe

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
The National Trust
932.0
25.3
2.7
Deutsches Museum von Meisterwerken der Naturwissenschaft und Technik
305.2
31.8
10.4
Tate
243.7
37.4
15.3

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Libraries, Museums & Cultural Activities in Europe

Products & Services Segmentation

Industry revenue broken down by key product and services lines.

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Top Questions Answered in this Report

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What is the market size of the Libraries, Museums & Cultural Activities industry in Europe in 2024?

The market size of the Libraries, Museums & Cultural Activities industry in Europe is €1.0bn in 2024.

How many businesses are there in the Libraries, Museums & Cultural Activities in Europe industry in 2024?

There are 2,814 businesses in the Libraries, Museums & Cultural Activities industry in Europe, which has declined at a CAGR of 4.8 % between 2019 and 2024.

Has the Libraries, Museums & Cultural Activities industry in Europe grown or declined over the past 5 years?

The market size of the Libraries, Museums & Cultural Activities industry in Europe has been declining at a CAGR of 23.3 % between 2019 and 2024.

What is the forecast growth of the Libraries, Museums & Cultural Activities industry in Europe over the next 5 years?

Over the next five years, the Libraries, Museums & Cultural Activities industry in Europe is expected to grow.

What does the Libraries, Museums & Cultural Activities in Europe include?

Libraries and Archives are part of the Libraries, Museums & Cultural Activities industry.

Which countries have the most businesses in the Libraries, Museums & Cultural Activities industry in Europe?

The European country with the most businesses in the Libraries, Museums & Cultural Activities industry is United Kingdom.

How competitive is the Libraries, Museums & Cultural Activities industry in Europe?

The level of competition is moderate and steady in the Libraries, Museums & Cultural Activities industry in Europe.

Related Industries

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Table of Contents

About this industry

Industry definition

This industry includes the activities of libraries, archives, museums, art galleries, historical sites and buildings, botanical and zoological gardens, and nature reserves.

Related Terms

BOTANICAL GARDENSARCHIVESCURATOR

What's included in this industry?

LibrariesArchivesMuseumsArt galleriesHistorical sites or buildingsZoological gardensBotanical gardensNature reserves

Companies

The National TrustDeutsches Museum von Meisterwerken der Naturwissenschaft und TechnikTate

Industry Code

ISIC 2006

91 - Libraries, archives, museums and other cultural activities in Europe

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Performance

Key Takeaways

Europe boasts significant cultural heritage, drawing vast crowds

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Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue Growth
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue in the Libraries, Museums & Cultural Activities in Europe industry (2011 -2029)
  • Employees in the Libraries, Museums & Cultural Activities in Europe industry (2011 -2029)
  • Business in the Libraries, Museums & Cultural Activities in Europe industry (2011 -2029)
  • Profit in the Libraries, Museums & Cultural Activities in Europe industry (2011 -2029)
Analysis

What's driving current industry performance in the Libraries, Museums & Cultural Activities in Europe industry?


Outlook

Analysis

What's driving the Libraries, Museums & Cultural Activities in Europe industry outlook?


Volatility

Analysis

What influences volatility in the Libraries, Museums & Cultural Activities in Europe industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Libraries, Museums & Cultural Activities in Europe industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Tech is transforming Europe's museums, making exhibits more interactive. By embracing virtual experiences and offering remote access, these institutions are revolutionising their approach to education and cultural preservation.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Libraries, Museums & Cultural Activities in Europe industry's products and services performing?

Analysis

What are innovations in the Libraries, Museums & Cultural Activities in Europe industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Libraries, Museums & Cultural Activities in Europe industry?


International Trade

Highlights

  • Largest Importer
  • Smallest Importer
  • Total Imports into Europe
  • Largest Exporter
  • Smallest Importer
  • Total Exports into Europe
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Revenue by Region (2024)
  • Share of Total Industry Enterprises by Region (2024)
  • Share of Total Industry Employment by Region (2024)
  • Share of Total Industry Wages by Region (2024)

Industry Geographic Breakdown

Data Tables

Values and annual change provided for 37 European countries:

  • Revenue (2024)
  • IVA (2024)
  • Enterprises (2024)
  • Employment (2024)
  • Exports (2024)
  • Imports (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

The large number of institutions limit the level of concentration. There’s a high number of museums, libraries and cultural institutions across Europe, with success hinging on unique collections, premium locations and engaging exhibits that elevate customer experience and differentiate operators.

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Supply Chain

Charts

Buyer and supply industries

Companies

Market Share

Charts
  • Industry Market Share by Company (2019-2024)

Companies

Data Tables

Top 8 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit Margin (2024)

Data Tables
  • Countries of operation for The National Trust
  • Countries of operation for Deutsches Museum von Meisterwerken der Naturwissenschaft und Technik
  • Countries of operation for Tate
  • Countries of operation for Royal Society for the Protection of Birds
  • Countries of operation for The British Library
  • Countries of operation for The British Museum
  • Countries of operation for Gallerie degli Uffizi
  • Countries of operation for Museo Nacional del Prado

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Regulations help to govern Europe's cultural sectors. The industry falls under various regulations and policy controls to maintain authenticity, preserve culture and ensure public accessibility.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Libraries, Museums & Cultural Activities in Europe industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Cultural organisations are navigating financial challenges with creative strategies. Facing fluctuating income, high costs and recent pandemic-induced struggles, these not-for-profit entities are diversifying revenue, investing in technology and expanding their reach with online services.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Libraries, Museums & Cultural Activities in Europe industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.