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Dance Studios in the US - Industry Market Research Report

Publisher IBISWorld
Published Sep 09, 2024
Length 72 Pages
SKU # IBSS19342691

Description

Dance Studios in the US - Industry Market Research Report


Dance Studios in the US

The popularization of dance through TV shows and TikTok has boosted interest in dancing as a pastime over the past five years, spurning demand for instruction from dance studios. While the onset of COVID-19 severely cut revenue as dance studios were forced to temporarily close, resurging demand in 2021 brought a spike in revenue that more than made up for the previous year's challenges and lifted profit above earlier levels. Growth was tempered in 2022 as widespread inflation left consumers with less money to spend on discretionary expenses, but the popularity of dance as a medium of fitness, artistic expression and social gathering has kept the industry on an upward trajectory. Industry-wide revenue has been growing at a CAGR of 1.7% over the past five years and is expected to total $4.4 billion in 2023, when revenue will jump by an estimated 4.5%.

This industry includes studios that primarily offer instructional classes focused on providing knowledge and skills related to dance, including ballroom dancing, ballet, hip-hop and modern dance, among others. These include dance schools for children, intermediate and professional dancers. However, this industry does not include dance companies.

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

72 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
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