Strong display: Increasing tourism numbers and new revenue streams have supported growth

The Libraries, Museums and Cultural Activities industry includes archives, art galleries, historical sites and buildings, botanical and zoological gardens, and nature reserves. The diversity of industry operations means that some areas are growing at different rates to others, but they all face the same challenges when it comes to maintaining industry revenue. Operators in this industry are predominantly not-for-profit organisations that provide the public with access to culturally important objects, knowledge and sites. Many operators rely on government funding for a large portion of their income, which can come from grants, local council funding or other sources...read more.

Industry Statistics & Market Size
Revenue
£2.9bn
Annual Growth 14-19
2.6%
Forecast Growth 19-24
Profit
Employment
68,832
Businesses
1,867

Industry Threats & Opportunities

  • The expansion of membership schemes and online operations has supported growth
  • Operators have been forced to lower their spending as real-terms funding has declined
  • The potential loss of Creative Europe funding is expected to restrict operators’ finances
  • Industry Report - Industry Products Chapter

    Botanical gardens, zoos and nature reservesBotanical gardens, zoos and nature reserves are estimated to account for 36.4% of industry revenue in 2018-19. These operators all work to preserve flora and fauna. Botanical and zoological gardens tend to have a broader outlook and cover animals and plants from other countries as well as Britain, but most nature reserves exist to protect habitats and animals that are special or even unique to the United Kingdom. Many UK nature reserves are run by Natural England and the Royal Society for the Protection of Birds, which plays an important role in general conservation as well as bird conservation. The...purchase to read more.

    Additional Insights for the Libraries, Museums & Cultural Activities Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Libraries, Museums & Cultural Activities Industry are

  • Access to multiskilled and flexible workforce
  • Ability to attract local support/patronage
  • Ability to educate the wider community
  • IBISWorld analysts also discuss how external factors such as International tourist numbers and Real household disposable income in the Libraries, Museums & Cultural Activities industry impact industry performance..

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    What's in this report

    What is the Libraries, Museums & Cultural Activities Industry?

    This industry is comprised of libraries, archives, museums, art galleries, historical sites and buildings, botanical and zoological gardens, and nature reserves.

    Industry Products
  • Historical sites and buildings
  • Botanical gardens, zoos and nature reserves
  • Museums and galleries
  • Libraries
  • Archives
  • Industry Activities
  • Operating libraries
  • Operating archives
  • Operating museums
  • Operating art galleries
  • Preserving and operating historical sites or buildings
  • Operating zoological gardens
  • Operating botanical gardens and nature reserves
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • International tourist numbers
  • Real household disposable income
  • Total domestic tourism
  • Business confidence index
  • Average weekly hours of work
  • Demand from general secondary education

  • Current Performance
  • Tourism growth
  • Cuts to funding
  • Painting a

    different picture

  • Chart: Revenue Growth

  • Industry Outlook
  • Future challenges
  • Increasing tourism
  • Alternative revenue streams
  • Table: Libraries, Museums & Cultural Activities Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Libraries, Museums & Cultural Activities Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Tour Operators
  • Primary Education
  • General Secondary Education
  • Technical & Vocational Education
  • Consumers

  • Key Selling Industries
  • Book Publishing
  • Second-Hand Goods Stores

  • Products & Services
  • Botanical gardens, zoos and nature reserves
  • Museums and galleries
  • Historical sites and buildings
  • Libraries
  • Archives
  • Chart: Libraries, Museums & Cultural Activities Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged between 45 and 64
  • People aged between 25 and 44
  • People aged 15 and under
  • People aged between 16 and 24
  • People aged between 65 and 74
  • People aged 75 and over
  • Chart: Major Market Segmentation for the Libraries, Museums & Cultural Activities Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesMarketingDepreciationRent, utilities and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Libraries, Museums & Cultural Activities

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Libraries, Museums & Cultural Activities Industry

  • Industry Globalization
    The National Trust, Tate, Royal Society for the Protection of Birds,
  • Table: The National Trust - financial performance
  • Table: Tate - financial performance
  • Table: Royal Society for the Protection of Birds - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Libraries, Museums & Cultural Activities 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, Museums & Cultural Activities Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Archives
  • Libraries that store documents of special significance, often for academic or other specialised research.
  • Botanical Gardens
  • An establishment where plants are grown for display to the public and often for scientific study.
  • Grant-In-Aid
  • Money that the government allocates to a specific project. Most grant-in-aid received by industry operators comes from the Department for Digital, Culture, Media and Sport.
  • Legacies
  • When money or property is left or handed down to an establishment in a will.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Libraries, Museums & Cultural Activities market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    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, Museums & Cultural Activities:
    • 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 Libraries, Museums & Cultural Activities 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, Museums & Cultural Activities, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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