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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 | Mar 2017

Helping hand: Following budget cuts, operators rely more on volunteers and memberships

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 National Trust The National Trust market share
Industry Statistics & Market Size
Revenue
£3bn
Annual Growth 12-17
2.8%
Annual Growth 17-22
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Profit
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Employment
63,237
Businesses
1,765
Industry Threats & Opportunities
  • To counteract the effects of public funding cuts, operators expanded membership schemes
  • To save on wage costs some operators are substituting paid employees with unpaid volunteers
  • Industry establishments are likely to emphasise their role as community spaces to attract financial support
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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 led to sharp cuts for arts and culture expenditure. This significantly reduced the amount of money granted to national museums and made it more difficult for small museums, galleries and historical sites to operate. Austerity measures also hit council budgets hard, prompting many to slash funding for public libraries... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Libraries, Museums and Cultural Activities industry is considered to be in the mature phase of its life cycle. Over the 10 years through 2021-22, the industry's contribution to the economy, also referred to as its value added, is expected to increase at a compound annual rate of 1.2%. UK GDP is projected to grow at a compound annual rate of 2.3% over the same period. The industry is struggling as a result of funding cuts and some areas are performing considerably worse than others. For example, the library segment is expected to be in the decline phase of its life cycle because financial support for libraries has been squeezed by pressure from other areas, causing considerable numbers of libraries to close over the past few years.

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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... purchase to read more

     


    Industry ProductsRelated Reports

    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


    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
  • 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
  • Funding trouble
  • Alternative revenue generation
  • Volunteer support
  • Tourism growth
  • Chart: Revenue Growth
  • Industry Outlook
  • Drumming up support
  • Online culture
  • Libraries
  • Closing doors
  • 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
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Tour Operators
  • Primary Education
  • General Secondary Education
  • Technical & Vocational Education
  • Key Selling Industries
  • Book Publishing
  • Publishing of Learned Journals
  • Second-Hand Goods Stores
  • Products & Services
  • Botanical gardens, zoos and nature reserves
  • Museums and galleries
  • Historical sites and buildings
  • Archives
  • Libraries
  • 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
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Purchases
  • Depreciation
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Libraries, Museums & Cultural Activities
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Libraries, Museums & Cultural Activities Industry
  • Industry Globalization
    Major Companies
    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
  • Operating Conditions
    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
    Key Statistics
  • Table: Industry Data for the Libraries, Museums & Cultural Activities Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    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 Culture, Media and Sport.
  • Legacies
  • When money or property is left or handed down to an establishment in a will.
  • Staycation
  • A holiday spent in one's home country rather than abroad, or one spent at home and involving day trips to local attractions.

  • 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 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 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 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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