Overview

Page turner: Increases in government funding and the number of students will benefit the industry

IBISWorld’s industry research report on Libraries & Archives 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.

REPORT SNAPSHOT

Market Share of Companies
There are no companies with a dominant market share in this industry
Industry Statistics & Market Size
Revenue
$17bn
Annual Growth
12-17
1.0%
Annual Growth
17-22
Profit
Employment
169,946
Business
21,822

Industry Threats & Opportunities

  • Local governments have been contracting out library operations to private for-profit companies, which can cut operating costs
  • A trend toward library privatization has helped average profit margins
  • Improving disposable incomes will boost demand for private libraries

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    Industry Analysis & Industry Trends

    The Libraries and Archives industry has suffered from tepid government funding over the five years to 2017 as struggling state and local government budgets resulted in cuts to public library funding. Similarly, federal government grants to public libraries declined early in the period, mostly due to growing concerns about the deficit. Private libraries, which are funded through membership fees and endowment funds, also experienced shrinking revenue. Limited government support during the current period is primarily due to the slow start of the economic recovery following the recession...

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    Industry Report - Industry SWOT Analysis Chapter

    The Libraries and Archives industry is in the mature stage of its life cycle. Industry value added, which measures an industry's contribution to the overall economy, is projected to grow at an annualized rate of 1.0% over the ten years to 2022. In comparison, US GDP is forecast to expand an average 2.0% per year. The industry's contribution to the economy has fallen over the period, which typically suggests that an industry is in decline. However, much of this decline is due to low funding levels during the slow economic recovery. Overall, libraries enjoy stable long-term demand from consumers and steady government support, which indicates a mature industry.

    Industry products and services are well segmented and stable. Lib..

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    Additional Insights for the Libraries & Archives Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Libraries & Archives Industry are

  • Ability to attract local support/patronage
  • Ability to quickly adopt new technology
  • Access to highly skilled workforce
  • IBISWorld analysts also discuss how external factors such as Local and state government investment and Federal funding for creative arts in the Libraries & Archives industry impact industry performance..

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    Look under the hood?

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    Industry Products

    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
    Print material borrowing and access
    Access to computers and digital databases
    Archival institution and other services
    Industry Activities
    Operate general archives
    Operate circulating and lending libraries
    Operate film archives
    Operate reference libraries
    Operate music archives

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Local and state government investment
  • Federal funding for creative arts
  • Number of K-12 students
  • Per capita disposable income

  • Current Performance
  • Government funding falls
  • Rising costs drive privatization
  • Stable long-term demand
  • Chart: Revenue Growth

  • Industry Outlook
  • Technology lowers costs
  • Moderate expansion masks funding threats
  • Table: Libraries & Archives Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Libraries & Archives Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Law Firms
  • Market Research
  • Educational Services
  • Public Administration
  • Consumers

  • Key Selling Industries
  • Book Publishing
  • Book, Magazine & Newspaper Wholesaling
  • Database & Directory Publishing
  • Database, Storage & Backup Software Publishing
  • Internet Service Providers
  • Janitorial Services
  • Magazine & Periodical Publishing

  • Products & Services
  • Print material borrowing and access
  • Archival institution and other services
  • Access to computers and digital databases
  • Chart: Libraries & Archives Industry Products and Services Segmentation

  • Demand Determinants
  • Demographic characteristics
  • Availability of alternative sources
  • Accessibility and services provided

  • Major Markets
  • Consumers aged 30 to 64
  • Consumers younger than 30
  • Consumers aged 65 and older
  • Chart: Major Market Segmentation for the Libraries & Archives Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases and deprecation
  • Rent and utilities
  • Other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Libraries & Archives

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Libraries & Archives Industry

  • Industry Globalization
    Major Companies
    There are no major players in this industry
    Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Libraries & Archives Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Libraries & Archives Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Local and state government investment (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Bookmobile
  • a mobile distribution outlet for books, often part of a library system.
  • Branch Library
  • Outlet facilities that serve as a distribution point for a library system
  • Library Systems
  • A centralized library that manages a collection of literature and art resources, distribution its collection to consumers through multiple outlet facilities.
  • Why buy this report?

    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
    • Quickly build competitive intelligence
    This report on Libraries & Archives:
    • 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 Libraries & Archives 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 Libraries & Archives, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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