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National & State Parks in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

National & State Parks Market Research Report | NAICS 71219 | Feb 2017

Scenic route: Slow government funding with temporarily cause industry revenue to fall

IBISWorld’s National & State Parks market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$13bn
Annual Growth 12-17
0.2%
Annual Growth 17-22
Annual Growth
Profit
Profit
Employment
78,405
Businesses
10,547
Industry Threats & Opportunities
  • Rising income will allow Americans and foreigners to increase travel, helping drive foot traffic to parks
  • While some states closed parks due to budget cuts, other states partnered with private organizations
  • Visits to national and state parks, as well as on-site purchases are projected to rise steadily
  • ... purchase to read more

Industry Analysis & Industry Trends

The National and State Parks industry has suffered from growing government budget deficits, which have caused reduced funding for parks, wildlife sanctuaries and other sites included in this industry. While some sites are forced to close due to eroding funds, others will find ways to earn revenue by charging entrance fees or offering vendor contracts to offset lower budgets. Furthermore, some industry operators are incorporating public-private partnerships to lower operating costs and turn a profit. Concessions are also being employed to offset shortfalls in funding. In the coming years, state and national parks are anticipated to benefit from greater visits... ... purchase to read more

Industry Report - Industry Products Chapter

Within the context of the National and State Parks industry, IBISWorld defines a park as any public area dedicated to the preservation of the ecosystem or providing recreational outdoor activities. Revenue is primarily generated through government funding, private donations, admission and tour fees, gift shop sales and hospitality services. Not all parks charge admission fees and few provide hospitality services, including accommodation and meals.

State parks

Each state has its own park system that is operated and funded by the state. While the parks are funded locally, funds have been limited in recent years due to budget cuts. As a result, state parks have turned to new policies to generate revenue. For.. ... purchase to read more

Additional Insights for the National & State Parks Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the National & State Parks Industry are

  • Ability to negotiate successfully with regulator
  • Access to multiskilled and flexible workforce
  • Ability to attract local support/patronage
  • IBISWorld analysts also discuss how external factors such as Local and state government investment and Domestic trips by US residents in the National & State Parks industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the National & State Parks Industry?

    This industry includes public and private establishments that preserve and exhibit nature. It includes national, state and city parks, as well as bird and wildlife sanctuaries, conservation areas and natural wonder tourist attractions like caves and waterfalls. Industry revenue is based on park budgets, as opposed to park-generated revenue; therefore, it relies heavily on government funding. This industry excludes amusement parks, zoos, botanical gardens, museums and historical sites.

    Industry Products
    National parksState parksCity parks
     
    Industry Activities
    City park managementNational park servicesNatural wonder tourist attraction managementState park managementNature center managementWildlife sanctuary management


    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
  • Domestic trips by US residents
  • Per capita disposable income
  • Time spent on leisure and sports
  • Inbound trips by non-US residents
  • Current Performance
  • Budget cuts
  • Public-private partnerships
  • Competition
  • Chart: Revenue Growth
  • Industry Outlook
  • Boosting visitor numbers
  • Privatization
  • Table: National & State Parks Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - National & State Parks Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Public Schools
  • Private Schools
  • Consumers
  • Key Selling Industries
  • Administration of Government Programs
  • Donations, Grants & Endowment
  • Food Service Contractors
  • Grocery Wholesaling
  • Products & Services
  • City parks
  • National parks
  • State parks
  • Chart: National & State Parks Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Day trips by nonlocal visitors
  • Overnight trips
  • Day trips by local residents
  • Chart: Major Market Segmentation for the National & State Parks Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs National & State Parks
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the National & State Parks Industry
  • Industry Globalization
    Major Companies
    National Park Service
  • Table: National Park Service - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the National & State Parks 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 National & State Parks Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Domestic Trips by US Residents (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    Eco-Tourists
  • Tourists who seek out environmentally based experiences when traveling.
  • Ecosystem Management
  • The act of maintaining viable wildlife populations and natural ecological processes and accommodating human use.
  • Nature-Based Tourism
  • Tourists who seek out nature-based experiences when traveling.
  • Self-Generated Revenue
  • Revenue generated by parks from sources like visitor fees, accommodations, food services and concessions.

  • 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 National & State Parks:
    • 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 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 National & State Parks 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 National & State Parks, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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