Over the past five years, the industry suffered setbacks as people's religious beliefs weakened. Slowing participation numbers and donations, increased skepticism among younger generations and new religions brought stateside by immigrants are trends that will likely continue to occur over the next five years. Despite lower church attendance, revenue will experience slow growth as higher disposable incomes allow individuals to make more donations.
This industry consists of religious organizations that provide religious worship or promote religious activities for both organized religions and smaller faiths that are not recognized in mainstream religious teaching. Establishments include churches, temples, mosques, synagogues and other houses of worship, as well as convents, monasteries and religiously-affiliated community centers. This industry does not include schools and hospitals operated by religious organizations.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.