Lions, tigers, bears: Rising disposable income and tourism will boost industry revenue

The Zoos and Aquariums industry includes operators that primarily preserve and exhibit land and aquatic animal life exhibits for conservation, academic purposes and display to the public. This industry does not include companies whose primary operations include arboreta, arboretums, aviaries or botanical gardens. Over the five years to 2018, the industry performed well as unemployment rates declined and per capita disposable income levels increased. However, operators experienced some setbacks during the five-year period. Though private funding increased over the past five years, government funding for zoos and aquariums was somewhat volatile, with many establishments experiencing funding cuts. As a result, revenue growth fluctuated throughout the period...purchase to read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23

Industry Threats & Opportunities

  • As operators’ revenue increases, many are expected to undergo significant renovations
  • Operators experience more scrutiny from the public regarding animal welfare and living conditions
  • International tourists are an essential market for industry operators
  • Industry Report - Industry SWOT Analysis Chapter

    The Zoos and Aquariums industry displays the traits characteristic of an industry in the mature stage of its life cycle. Over the 10 years to 2023, industry value added (IVA), which measures the industry's contribution to the economy, is forecast to grow at an annualized rate of 3.2%. Comparatively, the US GDP is projected to increase at an annualized rate of 2.2% during the same 10-year period. While IVA growth that outpaces GDP growth can be indicative of an industry in the growing stage of its life cycle, the Zoos and Aquariums industry displays other traits that point to an industry in the mature stage of its life cycle. For...purchase to read more.

    Additional Insights for the Zoos & Aquariums Industry

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

  • Ability to attract local support/patronage
  • Ability to raise revenue from additional sources
  • Ability to negotiate successfully with regulators
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and International trips by US residents in the Zoos & Aquariums industry impact industry performance..

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    What's in this report

    What is the Zoos & Aquariums Industry?

    This industry primarily preserves and exhibits land and aquatic animal life exhibits for conservation, academic purposes and display to the public. This industry does not include establishments whose primary services include arboreta, arboretums, aviaries or botanical gardens; however, these may be offered as ancillary services of industry operators.

    Industry Products
  • Donations and grants
  • Admissions
  • Membership services
  • Tours
  • Merchandise
  • Food and beverages
  • Industry Activities
  • Conservation of animals and habitats
  • Live animal exhibits
  • Petting zoos
  • Aquariums
  • Zoological gardens
  • 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
  • International trips by US residents
  • Domestic trips by US residents
  • Households earning more than $100,000
  • Government consumption and investment
  • Inbound trips by non-US residents

  • Current Performance
  • Attendance and donations
  • Funding uncertainty and admission hikes
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Positive economic conditions persist
  • Reworking the zoo model
  • Government funding remains uncertain
  • Table: Zoos & Aquariums Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Zoos & Aquariums Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Public Schools
  • Private Schools
  • Consumers

  • Key Selling Industries
  • Donations, Grants & Endowment
  • Gift Shops & Card Stores
  • Landscaping Services

  • Products & Services
  • Admissions
  • Donations and grants
  • Other
  • Membership services
  • Merchandise
  • Food and beverages
  • Tours
  • Chart: Zoos & Aquariums Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 45 to 64
  • Consumers aged 35 to 44
  • Consumers aged 25 to 34
  • Consumers aged 65 and older
  • Consumers aged 24 and younger
  • Chart: Major Market Segmentation for the Zoos & Aquariums Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Zoos & Aquariums

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Zoos & Aquariums Industry

  • Industry Globalization
    San Diego Zoo Global, Wildlife Conservation Society,
  • Table: San Diego Zoo Global - financial performance
  • Table: Wildlife Conservation Society - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Zoos & Aquariums 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 Zoos & Aquariums Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Domestic trips by US residents (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Animal Welfare Act (Awa)
  • Requires that minimum standards of care and treatment be provided for certain animals
  • Association Of Zoos And Aquariums (Aza)
  • A 501(c)3 non-profit organization dedicated to the advancement of zoos and aquariums
  • Endangered Species Act (Esa)
  • Designed to protect and recover imperiled species and the ecosystems upon which they depend
  • What Our Customers Say

    Why buy this report?

    The Zoos & Aquariums 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.

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    This report on Zoos & Aquariums:
    • 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 Zoos & Aquariums 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 Zoos & Aquariums, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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