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

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...purchase to read more.

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

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
  • 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.

    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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    What's in this report

    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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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

  • 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
    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
    There are no major players in this industry. This report includes analysis of other companies.
    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
    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
    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.
  • What Our Customers Say

    Why buy this report?

    The Libraries & Archives industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    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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