$2.5bn
$XXX.Xm
9,177
1,091
$XXX.Xm
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.
Industry revenue has grown at a CAGR of 3.3 % over the past five years, to reach an estimated $2.5bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
The Museum of Old and New Art | 68.2 | |
The National Gallery of Australia | 68.2 | |
Australian War Memorial | 51.1 |
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Industry revenue is measured across several distinct product and services lines, including Art gallery exhibitions, Museum exhibitions and Merchandise sales. Art gallery exhibitions is the largest segment of the Art Galleries and Museums in Australia.
Art gallery exhibitions were forced to shutter during the height of pandemic restrictions
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.
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ANZSIC 8910 - Art Galleries and Museums in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Despite the challenges imposed by the COVID-19 pandemic, the Art Galleries and Museums industry has largely dodged its negative impacts. Greater government support helped cou...
Learn about an industry's products and services, markets and trends in international trade.
Social distancing and lockdown restrictions reduced the number of school tours, weakening demand from kids aged under 15. Even so, art galleries and museums created online ac...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Art galleries and museums tend to be concentrated in line with population density and household engagement in cultural activities. The largest players are located in capital ...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Art galleries and museums compete based on their collection's novelty and significance to the region in which they are located. Large venues are increasingly bringing in exhi...
Learn about the performance of the top companies in the industry.
Larger venues mostly rely on government funding, but visitor tickets remain a significant earning opportunity. Some smaller galleries and museums depend heavily on revenue fr...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Publicly owned art galleries and museums obtain considerable operating and capital works grants from governments. Some major venues receive continuing government assistance, ...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Despite the temporary forced closure of galleries and museums cutting into ticket admission revenue, greater government funding supported revenue growth. Profit margins have ...
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Art Galleries and Museums industry in Australia is $2.5bn in 2024.
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 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 market in Australia are The Museum of Old and New Art, The National Gallery of Australia and Australian War Memorial
Art gallery exhibitions and Museum exhibitions are part of the Art Galleries and Museums industry.
The company holding the most market share in Australia is The Museum of Old and New Art.
The level of competition is high and increasing in the Art Galleries and Museums industry in Australia.