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The Art Galleries and Museums industry managed to largely avoid the negative impacts of the COVID-19 pandemic. Mandatory closures during lockdowns initially affected revenue, with stringent social distancing rules and restrictions on the number of allowable attendees limiting income from admission sales. Despite these challenges, galleries and museums have shown resilience, rebounding and maintaining revenue from a boost in government funding. These organisations have since seen resurgent growth, driven by restrictions lifting and ticket sales returning.
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IBISWorld's research coverage on the Art Galleries and Museums industry in Australia includes market sizing, forecasting, data and analysis from 2014-2029. The most recent publication was released March 2024.
The Art Galleries and Museums industry in Australia operates under the ANZSIC industry code R8910. Industry operators run and manage art galleries and museums across Australia. The industry also includes businesses that operate historic houses. Firms mainly preserve and exhibit heritage objects and artefacts that have cultural, historical or aesthetic value. Retail galleries selling art pieces and artefacts are not included in the industry. Related terms covered in the Art Galleries and Museums industry in Australia include interactive displays, social history museum and niche operators.
Products and services covered in Art Galleries and Museums industry in Australia include Art gallery exhibitions, Museum exhibitions and Merchandise sales.
Companies covered in the Art Galleries and Museums industry in Australia include Australian War Memorial and The Museum of Old and New Art.
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Art Galleries and Museums industry in Australia.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Art Galleries and Museums industry in Australia.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Art Galleries and Museums industry in Australia.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Art Galleries and Museums industry in Australia. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
The Companies chapter covers Key Takeaways, Market Share and Companies in the Art Galleries and Museums industry in Australia. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Art Galleries and Museums industry in Australia. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Art Galleries and Museums industry in Australia. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Art Galleries and Museums industry in Australia.
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The market size of the Art Galleries and Museums industry in Australia is $2.5bn in 2026.
There are 1,091 businesses in the Art Galleries and Museums industry in Australia, which has declined at a CAGR of 0.5 % between 2019 and 2024.
The Art Galleries and Museums industry in Australia is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
The Art Galleries and Museums industry in Australia is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
The market size of the Art Galleries and Museums industry in Australia has been growing at a CAGR of 3.3 % between 2019 and 2024.
Over the next five years, the Art Galleries and Museums industry in Australia is expected to grow.
The biggest companies operating in the Art Galleries and Museums industry in Australia are Australian War Memorial and The Museum of Old and New Art
Art gallery exhibitions and Museum exhibitions are part of the Art Galleries and Museums industry in Australia.
The company holding the most market share in the Art Galleries and Museums industry in Australia is Australian War Memorial.
The level of competition is high and increasing in the Art Galleries and Museums industry in Australia.