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National Parks & Other Nature Institutions - Market Research Report (2014-2029)

Michal Dalal Michal Dalal New York, United States Last Updated: March 2024 NAICS 71219

Revenue

$1.0bn

2024

$1.0bn

Past 5-Year Growth

Profit

$XX.Xm

Employees

8,849

Businesses

951

Wages

$XXX.Xm

National Parks & Other Nature Institutions industry analysis

National parks and other nature institutions are committed to preserving and exhibiting natural areas and settings. Revenue is based on self-generated revenue, including admission fees, on-premise concession and accommodation sales, private donations and grants. This excludes congressional funding from taxes, even though this accounts for the majority of financial resources for national parks. These budgets play a significant role in determining the financial stability of national parks, as government allocations fluctuate from year to year, impacting the ability of these institutions to carry out essential maintenance, conservation and educational activities. Over the years to 2024, steady visitor rates and a surge in environmental awareness kept revenue afloat. The pandemic dampened profit during the period, but the reopening of the economy since then has significantly helped recovery. Since travel restrictions related to the pandemic have been lifted, a rise in domestic and international travel has contributed to revenue growth. Revenue has risen at an estimated CAGR of 1.1% over the past five years, reaching an estimated $1.0 billion in 2024.

Trends and Insights

  • National parks and other nature institutions are engaged in preserving and exhibiting natural areas or settings. Visitation at these establishments fell during the pandemic but has since surpassed pre-pandemic levels.
  • The size and scope of services offered by national parks and other nature institutions vary significantly. Revenue is calculated based on self-generated funds, private donations and grants, admission and membership fees, tours and educational services, concession sales and entertainment fees.
  • National parks and other nature institutions are generally concentrated in regions with the highest share of the US population. Households are the primary users of park services, so park attendance correlates with the number of households.
  • National parks and other nature institutions experience a moderate level of market share concentration. Over the past five years, the industry's market share concentration decreased at a regular pace.

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  • Market estimates from 2014-2029
  • Critical performance data and rankings
  • Detailed analysis of competitive forces and the external environment
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Industry Statistics and Trends

Market size and recent performance (2014-2029)

Industry revenue has grown at a CAGR of 1.0 % over the past five years, to reach an estimated $1.0bn in 2024.

Trends and Insights

A high level of tourism is key driver of growth

  • Heightened travel activity and largely positive economic factors resulted in more visitors and higher spending in the last few years. Even with budgetary issues, parks have adapted by introducing higher admission fees.
  • Additional trends and insights available with purchase
National Parks & Other Nature Institutions
Revenue (2014-2029)
IBISWorld Logo Source: IBISWorld

Industry outlook (2024-2029)

Market size is projected to grow over the next five years.

Trends and Insights

Tourist visits to national parks will rise steadily

  • The environmental movement and the rising popularity of eco-tourism are expected to bolster visitor attendance moving forward.

Biggest companies in the National Parks & Other Nature Institutions

Company
Market Share (%)
2024
Revenue ($m)
2024
Profit ($m)
2024
Profit Margin (%)
2024
National Park Service
476.1
0.0
0.0

To view the market share and analysis for all 1 top companies in this industry, view purchase options.

Products & Services Segmentation

National Parks & Other Nature Institutions
Products & Services
IBISWorld Logo Source: IBISWorld

Industry revenue is measured across several distinct product and services lines, including Donations and grants, Other and Admissions and membership fees. Donations and grants is the largest segment of the National Parks & Other Nature Institutions.

Trends and Insights

Admissions and membership fees have been historically low for most operators

  • Most nature institutions try to refrain from charging admission fees. Over the years, many parks have experienced fluctuating visitation rates and mounting operational costs, resulting in them enacting or raising admission fees.
  • More insights available in the full report

Table of Contents

About this industry

Industry definition

The National Parks and Other Nature Institutions industry includes operators engaged in preserving and exhibiting natural areas or settings. Operators include national parks, wildlife sanctuaries, natural wonder tourist attractions and other similar institutions. Industry revenue is based on park-generated revenue and excludes state and city parks, zoos and botanical gardens.

What's included in this industry?

Accepting donations and grantsCollecting admissions and membership feesProviding accommodation, food services and entertainment

Companies

National Park Service

Purchase this report to view all 1 major companies in this industry.

Related Terms

ECO-TOURISTSNATURE-BASED TOURISMECOSYSTEM MANAGEMENTSELF-GENERATED REVENUE

Industry Code

NAICS 2017

NAICS 712130 - National Parks & Other Nature Institutions

Performance

Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.

Analyst insights

National parks and other nature institutions are engaged in preserving and exhibiting natural areas or settings. Visitation at these establishments fell during the pandemic b...

In this chapter (4)

  • Current Performance
  • Outlook
  • Volatility
  • Life Cycle

Key metrics

  • Annual Revenue, Recent Growth, Forecast, Revenue Volatility
  • Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
  • Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
  • Total Profit, Profit Margin, Profit per Business

Charts

  • Revenue, including historical (2014-2023) and forecast (2024-2029)
  • Employees, including historical (2014-2023) and forecast (2024-2029)
  • Businesses, including historical (2014-2023) and forecast (2024-2029)
  • Profit, including historical (2014-2024)
  • Industry Volatility vs. Revenue Growth
  • Industry Life Cycle

Detailed analysis

  • Trends in supply, demand and current events that are driving current industry performance
  • Expected trends, economic factors and ongoing events that drive the industry's outlook
  • Key success factors for businesses to overcome volatility
  • How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.

Products and Markets

Learn about an industry's products and services, markets and trends in international trade.

Analyst insight

The size and scope of services offered by national parks and other nature institutions vary significantly. Revenue is calculated based on self-generated funds, private donati...

In this chapter

  • Products & Services
  • Major Markets

Key metrics

  • Largest market segment and value in 2024
  • Product innovation level

Charts

  • Products & services segmentation in 2024
  • Major market segmentation in 2024

Detailed analysis

  • Trends impacting the recent performance of the industry's various segments
  • Innovations in the industry's product or service offering, specialization or delivery method
  • Key factors that successful businesses consider in their offerings
  • Buying segments and key trends influencing demand for industry products and services

Geographic Breakdown

Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.

Analyst insights

National parks and other nature institutions are generally concentrated in regions with the highest share of the US population. Households are the primary users of park servi...

In this chapter (1)

  • Business Locations

Charts

  • Share of revenue, establishment, wages and employment in each state
  • Share of population compared to establishments in each region in 2024

Tables

  • Number and share of establishments in each state in 2024
  • Number and share of revenue each state accounts for in 2024
  • Number and share of wages each state accounts for in 2024
  • Number and share of employees in each state in 2024

Detailed analysis

  • Geographic spread of the industry across North America, and trends associated with changes in the business landscape
  • Key success factors for businesses to use location to their advantage

Competitive Forces

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.

Analyst insights

National parks and other nature institutions experience a moderate level of market share concentration. Over the past five years, the industry's market share concentration de...

In this chapter (4)

  • Concentration
  • Barriers to Entry
  • Substitutes
  • Buyer & Supplier Analysis

Key metrics

  • Industry concentration level
  • Industry competition level and trend
  • Barriers to entry level and trend
  • Substitutes level and trend
  • Buyer power level and trend
  • Supplier power level and trend

Charts

  • Market share concentration among the top 4 suppliers from 2019-2024
  • Supply chain including upstream supplying industries and downstream buying industries, flow chart

Detailed analysis

  • Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
  • Key success factors for businesses to manage the competitive environment of the industry.
  • Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
  • Key success factors for potential entrants to overcome barriers to entry.
  • Competitive threats from potential substitutes for the industry’s own products and services.
  • Key success factors for how successful businesses can compete with substitutes.
  • Advantages that buyers have to keep favorable purchasing conditions.
  • Advantages that suppliers have to maintain favorable selling conditions.
  • Key success factors for how businesses can navigate buyer and supplier power.

Companies

Learn about the performance of the top companies in the industry.

Analyst insights

There are many small operators working within this industry. There is only one very large operator, the National Parks Services, which controls more than half of market share...

In this chapter

  • Market Share Concentration
  • Companies
  • Company Spotlights

Charts

  • Industry market share by company in 2020 through 2024
  • Major companies in the industry, including market share, revenue, profit and profit margin in 2024
  • Overview of National Park Service's performance by revenue, market share and profit margin from 2018 through 2024

Detailed analysis

  • Description and key data for National Park Service, and factors influencing its performance in the industry

External Environment

Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.   

Analyst insights

National parks and other nature institutions receive a moderate level of industry assistance. Most establishments are considered nonprofit entities and have a tax exemption s...

In this chapter

  • External Drivers
  • Regulation & Policy
  • Assistance

Key metrics

  • Regulation & policy level and trend
  • Assistance level and trend

Charts

  • Regulation & Policy historical data and forecast (2014-2029) 
  • Assistance historical data and forecast (2014-2029) 

Detailed analysis

  • Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
  • Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
  • Key governmental and non-governmental groups or policies that may provide some relief for industry operators.

Financial Benchmarks

View average costs for industry operators and compare financial data against an industry's financial benchmarks over time. 

Analyst insights

Cost structure can vary significantly between operators. National parks and other nature institutions are managed on various scales of operation, and costs defer based on the...

In this chapter

  • Cost Structure
  • Financial Ratios
  • Key Ratios

Key metrics

  • Profit margin, and how it compares to the sector-wide margin
  • Average wages, and how it compares to the sector-wide average wage
  • Largest cost component as a percentage of revenue
  • Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio

Charts

  • Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
  • Investment vs. share of economy

Data tables

  • Industry Multiples (2017-2022)
  • Industry Tax Structure (2017-2022)
  • Income Statement (2017-2022)
  • Balance Sheet (2017-2022)
  • Liquidity Ratios (2017-2022)
  • Coverage Ratios (2017-2022)
  • Leverage Ratios  (2017-2022)
  • Operating Ratios (2017-2022)
  • Cash Flow & Debt Service Ratios (2014-2029)
  • Revenue per Employee (2014-2029)
  • Revenue per Enterprise (2014-2029)
  • Employees per Establishment (2014-2029)
  • Employees per Enterprise (2014-2029)
  • Average Wage (2014-2029)
  • Wages/Revenue (2014-2029)
  • Establishments per Enterprise (2014-2029)
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)

Detailed analysis

  • Trends in the cost component for industry operators and their impact on industry costs and profitability 

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)

Top Questions Answered

Unlock comprehensive answers and precise data upon purchase. View purchase options.

What is the market size of the National Parks & Other Nature Institutions industry in United States in 2024?

The market size of the National Parks & Other Nature Institutions industry in United States is $1.0bn in 2024.

How many businesses are there in the National Parks & Other Nature Institutions industry in 2024?

There are 951 businesses in the National Parks & Other Nature Institutions industry in United States, which has declined at a CAGR of 2.6 % between 2019 and 2024.

Has the National Parks & Other Nature Institutions industry in United States grown or declined over the past 5 years?

The market size of the National Parks & Other Nature Institutions industry in United States has been growing at a CAGR of 1.0 % between 2019 and 2024.

What is the forecast growth of the National Parks & Other Nature Institutions industry in United States over the next 5 years?

Over the next five years, the National Parks & Other Nature Institutions industry in United States is expected to grow.

What are the biggest companies in the National Parks & Other Nature Institutions market in United States?

The biggest company operating in the National Parks & Other Nature Institutions market in United States is National Park Service

What does the National Parks & Other Nature Institutions in United States include?

Accepting donations and grants and Collecting admissions and membership fees are part of the National Parks & Other Nature Institutions industry.

Which companies have the highest market share in the National Parks & Other Nature Institutions in United States?

The company holding the most market share in United States is National Park Service.

How competitive is the National Parks & Other Nature Institutions industry in United States?

The level of competition is moderate and steady in the National Parks & Other Nature Institutions industry in United States.

Related Industries

Widen your competitive advantage with related industries

Competitors

  • Museums in the US
  • Historic Sites in the US
  • Amusement Parks in the US
  • Golf Courses & Country Clubs in the US
  • Ski & Snowboard Resorts in the US
  • Marinas in the US

Complementors

  • Hunting & Trapping in the US
  • Campgrounds & RV Parks in the US

International industries

  • Campgrounds & Recreational Vehicle Parks in Canada
  • Nature Reserves and Conservation Parks in Australia
  • Libraries, Museums & Cultural Activities in the UK

View all industries in United States

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IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.

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Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.

Key data sources in the US include: 

  • US Census Bureau
  • US Bureau of Labor Statistics
  • US International Trade Commission

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:

  • Industry and trade associations
  • Industry federations or regulators
  • Major industry players annual or quarterly filings

Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.

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