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Libraries, Museums & Cultural Activities in the UK: Market Research Report

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

Libraries, Museums & Cultural Activities Market Research Report | SIC R91.000 | Apr 2016

On display: Rising digitalisation and new strategies support growth despite government cuts

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.

Report Snapshot
Market Share of Companies
Royal Society for the Protection of Birds Royal Society for the Protection of Birds market share
Tate Tate market share
The British Museum The British Museum market share
The National Trust The National Trust market share
Industry Statistics & Market Size
Revenue
£3bn
Annual Growth 12-17
3.6%
Annual Growth 17-22
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Profit
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Employment
61,568
Businesses
1,734
Industry Analysis & Industry Trends

Operators in the Libraries, Museums and Cultural Activities 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. The government's efforts to rein in the budget deficit have brought sharp cuts to expenditure on arts and culture. This has significantly reduced the amount of money granted to national museums and made it more difficult for many small museums, galleries and historical sites to survive. Austerity measures have also hit council budgets hard, prompting many to slash their funding for public libraries... purchase to read more

Industry Report - Industry Analysis Chapter

Cuts to government support for the arts and reductions in local authority budgets have put the UK Libraries, Museums and Cultural Activities industry under considerable pressure in recent years. The Spending Review 2010 included dramatic cuts to the budgets of both the Department for Culture, Media and Sport (DCMS) and local councils. Over the five years through 2016-17 the industry has had to adapt to this new operating landscape and has found innovative ways to attract visitors, generate income and remain relevant. The industry has been improving its online and digital presence, with record online visitors and digitalisation in recent years. Industry revenue is expected to increase at a compound annual rate of 3.6% over the five years through 2016-17. Rec.. purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

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 buildingsBotanical gardens, zoos and nature reservesMuseums and galleriesLibrariesArchives
 
Industry Activities
Library operationArchive operationMuseum operationArt gallery operationPreservation and historical sites or buildingsZoological garden operationBotanical garden and nature reserve operation


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