Performing Arts Venues in Australia - Industry Market Research Report
Description
Performing Arts Venues in Australia
The Performing Arts Venues industry has faced significant economic setbacks from the COVID-19 pandemic. Before the pandemic, industry venues benefited from solid growth in demand from music and theatre production companies. The COVID-19 pandemic prompted state and federal governments to introduce strict restrictions to contain the spread, including measures to curb large indoor gatherings. These restrictions forced industry players to close their venues for a significant portion of 2020-21. During intermittent periods of relaxed restrictions in 2020-21, performing arts venues had to operate at limited capacities, as the number of patrons allowed within an indoor venue was restricted. Revenue for performing arts venues is expected to dwindle by an annualised 3.5% over the past five years, to total an estimated $941.9 million in 2022-23, when revenue is anticipated to surge by 8.7%.
The industry operates venues for performing arts rehearsals and presentations, including concerts, music, opera and theatre. The industry excludes motion picture theatres.
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 Performing Arts Venues industry has faced significant economic setbacks from the COVID-19 pandemic. Before the pandemic, industry venues benefited from solid growth in demand from music and theatre production companies. The COVID-19 pandemic prompted state and federal governments to introduce strict restrictions to contain the spread, including measures to curb large indoor gatherings. These restrictions forced industry players to close their venues for a significant portion of 2020-21. During intermittent periods of relaxed restrictions in 2020-21, performing arts venues had to operate at limited capacities, as the number of patrons allowed within an indoor venue was restricted. Revenue for performing arts venues is expected to dwindle by an annualised 3.5% over the past five years, to total an estimated $941.9 million in 2022-23, when revenue is anticipated to surge by 8.7%.
The industry operates venues for performing arts rehearsals and presentations, including concerts, music, opera and theatre. The industry excludes motion picture theatres.
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
44 Pages
- 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
Search Inside Report
Pricing
Currency Rates
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