Libraries & Archives in the US - Industry Market Research Report

Attention: There is an updated edition available for this report.

Libraries & Archives

The Libraries and Archives industry benefitted from rising government funding over the five years to 2018. During the period, low unemployment and rising discretionary income boosted tax revenue and resulted in states and local municipalities expanding public library funding. Similarly, federal funding to public libraries has risen during the period. Private libraries, which are funded through membership fees and endowment funds, also experienced growing revenue as strong growth in disposable income made consumers more willing to purchase private library memberships. Over the five years to 2023, IBISWorld forecasts that industry revenue will expand, albeit at a slower pace. State and local government funding is expected to slacken as growth in per capita disposable income decelerates, limiting increases in tax receipts. Additionally, according to the American Library Association, library visit frequency is correlated with education levels. As the number of students marginally increases over the next five years, demand for library services is projected to grow further. Despite these positive trends, the industry will continue to experience competition from online data resources and other forms of entertainment.

Industry establishments provide library or archiving services, maintaining collections of documents for informational, research, educational or recreational needs. Libraries store historical documents, photographs, maps, audio material and audiovisual material, and make them accessible to the public. This industry includes both public and private libraries, but excludes university libraries, corporate libraries and establishments that do not primarily provide library services.

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.

  • About this Industry
  • Industry at a Glance
    • Table Key Statistics Snapshot
    • Table Revenue vs. employment growth
    • Table Products and services segmentation (2018)
    • Table Industry Structure
  • Industry Performance
    • Table Local and state government investment
    • Table Industry revenue
    • Table Life Cycle Stage
  • Products & Markets
    • Table Products and services segmentation (2018)
    • Table Major market segmentation (2018)
    • Table Business Locations 2018
    • Table Distribution of establishments vs. population
  • Competitive Landscape
    • Table Sector vs. Industry Costs
    • Table Barriers to Entry checklist
  • Major Companies
    • Table Major Players
    • Table The Library of Congress (US industry-specific segment) - financial performance*
  • Operating Conditions
    • Table Capital Intensity
    • Table Tools of the Trade: Growth Strategies for Success
    • Table Volatility vs. growth
  • Key Statistics
    • Table Industry Data
    • Table Annual Change
    • Table Key Ratios
  • Jargon & Glossary

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