Industry Statistics and Rankings
How does this industry perform in United Kingdom compared to Europe?
Country Benchmarking
Industry Data United Kingdom
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#1 In EuropeBusiness
#1 In EuropeEmployees
#1 In EuropeWages
#1 In EuropeEurope’s libraries, museums and cultural activities are broad, vibrant and diverse, playing a significant role in the socio-economic development of the region. The industry helps to support thousands of jobs, fosters cultural exchange, promotes tourism and preserves the continent’s rich heritage. Heightened consumer interest in cultural experiences and sturdy tourism across Europe have supported industry demand. However, the COVID-19 outbreak severely disrupted operations, decimating revenue. The industry is still recovering from the repercussions of this. As a result, industry revenue is expected to contract at a compound annual rate of 6.8% to €52.8 billion over the five years through 2024, including an estimated 2.2% hike in the current year.
Enterprises
Number of businesses in 2024
Biggest companies in the Libraries, Museums & Cultural Activities in the UK
| Company | Market Share (%)
2024 | Revenue (£m)
2024 | Profit (£m)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Libraries, Museums & Cultural Activities in the UK industry for IBISWorld to include in this product.
Top Questions Answered in this Report
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What is the market size of the Libraries, Museums & Cultural Activities in the UK industry in United Kingdom in 2024?
The market size of the Libraries, Museums & Cultural Activities in the UK industry in United Kingdom is £808.9m in 2024.
How many businesses are there in the Libraries, Museums & Cultural Activities in the UK industry in 2024?
There are 1,821 businesses in the Libraries, Museums & Cultural Activities in the UK industry in United Kingdom, which has declined at a CAGR of 0.0 % between 2019 and 2024.
Has the Libraries, Museums & Cultural Activities in the UK industry in United Kingdom grown or declined over the past 5 years?
The market size of the Libraries, Museums & Cultural Activities in the UK industry in United Kingdom has been declining at a CAGR of 23.2 % between 2019 and 2024.
What is the forecast growth of the Libraries, Museums & Cultural Activities in the UK industry in United Kingdom over the next 5 years?
Over the next five years, the Libraries, Museums & Cultural Activities in the UK industry in United Kingdom is expected to
What does the Libraries, Museums & Cultural Activities in the UK in United Kingdom include?
Libraries and Archives are part of the Libraries, Museums & Cultural Activities in the UK industry.
How competitive is the Libraries, Museums & Cultural Activities in the UK industry in United Kingdom?
The level of competition is high and decreasing in the Libraries, Museums & Cultural Activities in the UK industry in United Kingdom.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Sports Facilities in the UK
- Cinemas in the UK
Complementors
- Book, Music, Film, Sports Equipment & Games Retailers in the UK
Table of Contents
About this industry
Industry definition
This industry includes the activities of libraries, archives, museums, art galleries, historical sites and buildings, botanical and zoological gardens, and nature reserves.
Related Terms
BOTANICAL GARDENSARCHIVESCURATORWhat's included in this industry?
LibrariesArchivesMuseumsArt galleriesHistorical sites or buildingsZoological gardensBotanical gardensNature reservesCompanies
Industry Code
91 - Libraries, archives, museums and other cultural activities in United Kingdom
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Performance
Revenue Highlights
Trends
- Revenue
- Current Year Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Libraries, Museums & Cultural Activities in the UK industry?
Outlook
Analysis
What's driving the Libraries, Museums & Cultural Activities in the UK industry outlook?
Volatility
Analysis
What influences volatility in the Libraries, Museums & Cultural Activities in the UK industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Libraries, Museums & Cultural Activities in the UK industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Tech is transforming Europe's museums, making exhibits more interactive. By embracing virtual experiences and offering remote access, these institutions are revolutionising their approach to education and cultural preservation.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Libraries, Museums & Cultural Activities in the UK industry's products and services performing?
Analysis
What are innovations in the Libraries, Museums & Cultural Activities in the UK industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Libraries, Museums & Cultural Activities in the UK industry?
International Trade
Highlights
- Total Imports into United Kingdom
- Total Exports into United Kingdom
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
The large number of institutions limit the level of concentration. There’s a high number of museums, libraries and cultural institutions across Europe, with success hinging on unique collections, premium locations and engaging exhibits that elevate customer experience and differentiate operators.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Libraries, Museums & Cultural Activities in the UK located?
Companies
Data Tables
Top 0 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Regulations help to govern Europe's cultural sectors. The industry falls under various regulations and policy controls to maintain authenticity, preserve culture and ensure public accessibility.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Libraries, Museums & Cultural Activities in the UK industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Cultural organisations are navigating financial challenges with creative strategies. Facing fluctuating income, high costs and recent pandemic-induced struggles, these not-for-profit entities are diversifying revenue, investing in technology and expanding their reach with online services.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Libraries, Museums & Cultural Activities in the UK industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.
To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.
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