Take the wheel: Revenue gains will be dampened by falling religious attendance

The Religious Organizations industry in Pennsylvania comprises establishments such as churches, temples, mosques, synagogues and other houses of worship, as well as convents, monasteries and religiously affiliated community centers. Schools and hospitals operated by religious organizations are not included. Over the five years to 2018, Pennsylvania’s Religious Organizations industry is estimated to grow an annualized 1.6% to $6.4 billion, including 1.7% growth in 2018 alone. During the period, revenue has been driven by an increase in disposable income and growth in the number of people over the age of 65. These gains come despite decreasing attendance at religious services in Pennsylvania and a decreasing importance of religion...purchase to read more.

Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 13-18
1.6%
Forecast Growth 18-23
Profit
Employment
74,744
Businesses
9,758

Industry Threats & Opportunities

  • Pennsylvania has a higher level of per capita disposable income than the United States as a whole
  • Additional Insights for the Religious Organizations in Pennsylvania Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Religious Organizations in Pennsylvania Industry are

  • Effective cost management
  • Having a good reputation
  • Strong leadership
  • IBISWorld analysts also discuss how external factors such as Per Capita Disposable Income in Pennsylvania and Number of households in the Religious Organizations in Pennsylvania industry impact industry performance..

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    What's in this report

    What is the Religious Organizations in Pennsylvania Industry?

    This industry consists of religious organizations that provide religious worship or promote religious activities for both organized religions 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 religiously affiliated community centers. This industry does not include schools and hospitals operated by religious organizations.

    Industry Products
  • Evangelical Protestant services
  • Mainline Protestant services
  • Historically black Protestant services
  • Catholic services
  • Jehovah's Witness
  • Jewish
  • Muslim
  • Industry Activities
  • Bible society operation
  • Church operation
  • Missionary society operation
  • Monastery operation (except schools)
  • Mosque operation
  • Synagogue operation
  • Temple operation
  • Religious shrines operation
  • Convents (except schools) operation
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per Capita Disposable Income in Pennsylvania
  • Number of households
  • Natural disaster index
  • Number of immigrants
  • Number of adults aged 65 and older in Pennsylvania

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Religious Organizations in Pennsylvania Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Book Publishing
  • Caterers
  • Internet Service Providers
  • Land Leasing
  • Magazine & Periodical Publishing
  • Radio Broadcasting

  • Products & Services
  • Catholic services
  • Mainline Protestant services
  • Evangelical Protestant services
  • Historically black Protestant services
  • Other
  • Jehovah's Witness
  • Jewish
  • Muslim
  • Chart: Religious Organizations in Pennsylvania Industry Products and Services Segmentation

  • Major Markets
  • Individual donors from the greatest generation
  • Individual donors from the silent generation
  • Donations from foundations
  • Individual donors from the millennial generation
  • Individual donors from the baby-boom generation
  • Bequests
  • Individual donors from generation X
  • Donations from corporations
  • Chart: Major Market Segmentation for the Religious Organizations in Pennsylvania Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    Basis of Competition
    Barriers to Entry
    The Catholic Church, The Evangelical Church, The Mainline Protestant Church, Historically Black Churches,
  • Table: The Catholic Church - financial performance
  • Table: The Evangelical Church - financial performance
  • Table: The Mainline Protestant Church - financial performance
  • Table: Historically Black Churches - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Religious Organizations in Pennsylvania Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Religious Organizations in Pennsylvania Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • per capita disposable income (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Agnostic
  • A person who maintains a continuing doubt about the existence of God or any ultimate being.
  • Atheist
  • A person who does not believe in the existence of God or any other deity.
  • Congregation
  • An assembly of people with similar religious beliefs who join together for worship and other religious activities.
  • Megachurch
  • Any Protestant organization that boasts an average weekly attendance of 2000 congregation members or more. Most megachurches hold services multiple times throughout the week.
  • Mosque
  • A Muslim organization that regularly holds Friday prayers and manages other worship services and activities.
  • Pledge
  • A religious organization member's promise to donate a certain amount of money to the organization at a later predetermined time.
  • Secular Unaffiliated
  • A person who does not belong to any religious denomination but also does not completely identify with agnostic or atheist ideas.
  • Tithing
  • Literally, “a tenth”, but used here to refer to any congregation member's pledge to donate about 10.0% of their income to a religious organization on a regular basis.
  • Unaffiliated Religious
  • A person who does not belong to any organized religious denomination but feels that religion still plays a relevant role in their life.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Religious Organizations in Pennsylvania can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
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    This report on Religious Organizations in Pennsylvania:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Religious Organizations in Pennsylvania market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Religious Organizations in Pennsylvania, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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