
Arts, Entertainment and Recreation in the US - Industry Market Research Report
Description
Arts, Entertainment and Recreation in the US
The Arts, Entertainment and Recreation sector comprises nine different subsectors of the US economy, from performing arts companies to gambling industries. The enterprises and organizations within this sector operate establishments or provide services to satisfy the diverse recreational, cultural and entertainment needs of US consumers and foreign visitors. Since the experiences provided by operators in this sector are considered discretionary, sector revenue is highly dependent upon available levels of household incomes, discretionary spending and leisure time. Sector revenue took a hard hit by the outbreak of COVID-19, causing it to decline 30.1% in 2020 alone. Sector revenue overall has been increasing at a CAGR of 1.9% over the past five years, reaching an estimated $422.7 billion in 2023, including a rise of 11.6% in 2023.
The Arts, Entertainment and Recreation sector includes a range of enterprises and organizations that operate establishments or provide services to satisfy the various recreational, entertainment and cultural interests of consumers. Such subsegments include performing artists, spectator sports, museums, historical sites, amusement parks and gambling industries.
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."
The Arts, Entertainment and Recreation sector comprises nine different subsectors of the US economy, from performing arts companies to gambling industries. The enterprises and organizations within this sector operate establishments or provide services to satisfy the diverse recreational, cultural and entertainment needs of US consumers and foreign visitors. Since the experiences provided by operators in this sector are considered discretionary, sector revenue is highly dependent upon available levels of household incomes, discretionary spending and leisure time. Sector revenue took a hard hit by the outbreak of COVID-19, causing it to decline 30.1% in 2020 alone. Sector revenue overall has been increasing at a CAGR of 1.9% over the past five years, reaching an estimated $422.7 billion in 2023, including a rise of 11.6% in 2023.
The Arts, Entertainment and Recreation sector includes a range of enterprises and organizations that operate establishments or provide services to satisfy the various recreational, entertainment and cultural interests of consumers. Such subsegments include performing artists, spectator sports, museums, historical sites, amusement parks and gambling industries.
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."
Table of Contents
38 Pages
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.