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Performers & Creative Artists in the US - Industry Market Research Report

Performers & Creative Artists in the US

As part of the entertainment sector, the Performers and Creative Artists industry performance is affected by per capita disposable income, which determines consumers' ability to spend on nonessential services or goods, including art. Industry performance is also influenced by grant-making institutions (e.g. nonprofit foundations, state and local arts commissions and the National Endowment for the Arts), which fund many of the industry's small-scale operators. Though federal funding declined, consumer spending has rebounded in the postrecessionary environment, which has driven people to spend and donate more on entertainment. Steady growth is expected to continue over the five years to 2023, as consumers' discretionary spending increases and the number of households with above-average income, which are most likely to donate to art foundations, rise. However, external competition from other forms of entertainment and falling support for public arts departments and commissions at the state and federal levels are projected to hinder revenue growth.

This industry consists of independent or freelance artists, writers and performers that create artistic or cultural works or productions, as well as individuals that provide the technical expertise necessary for these works. This industry includes celebrities that receive a fee for product endorsement and public appearances or speeches. This industry does not include musical artists (IBISWorld report 71113) or graphic design artists (54143).

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

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

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