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Religious Services in Australia - Industry Market Research Report

Publisher IBISWorld
Published Aug 28, 2023
Length 35 Pages
SKU # IBSS18182921

Description

Religious Services in Australia - Industry Market Research Report


Religious Services in Australia

Australia has become an increasingly secular nation over the past five years. This trend has posed challenges to the Religious Services industry. This trend has continued, despite high immigration rates from regions with strong religious adherence aside from 2020-21 which was a full year of international border closures. Overall, the decline in adherence to most traditional Christian faiths is outstripping growth in adherence to most non-Christian religions. As a result, revenue generated by religious groups is expected to decline at an annualised 5.1% over the five years through 2023-24, to $3.9 billion, with margins declining to 8.6%.

The industry consists of religious organisations operated for religious worship or for the promotion of religious activities. The industry includes churches, temples and monasteries. It also includes organisations primarily engaged in administering an organised religion.

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

35 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

Pricing

Currency Rates
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