Religious organizations have historically performed well in the United States due to the nation's high religiosity relative to other developed economies. Charitable donations toward religious organizations are now more volatile than in previous years; this volatility was exacerbated by declining disposable income levels early on in the five years to 2016 and the average American's dwindling confidence in organized religion. Over the next five years, the industry will benefit from growing disposable income levels, which will increase charitable contributions to religious organizations and support industry revenue. Nevertheless, present trends show that Americans are increasingly seeking alternatives to religious services.
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.