Zoos & Aquariums
The Zoos and Aquariums industry includes operators that primarily preserve and exhibit land and aquatic animal life exhibits for conservation, academic purposes and display to the public. This industry does not include companies whose primary operations include arboreta, arboretums, aviaries or botanical gardens. Over the five years to 2019, the industry performed well as unemployment rates declined and per capita disposable income levels increased. However, operators experienced some setbacks during the five-year period. Though private funding increased over the past five years, government funding for zoos and aquariums was somewhat volatile, with many establishments experiencing funding cuts. As a result, profit fluctuated throughout the period. Over the five years to 2024, industry revenue is forecast to grow at a faster pace than during the previous five-year period, as per capita disposable income is projected to continue growing, enabling more consumers to frequent industry establishments and spend more per visit. Concurrently, inbound trips by non-US residents are expected to increase at a substantial rate over the next five years, benefiting industry operators.
This industry primarily preserves and exhibits land and aquatic animal life exhibits for conservation, academic purposes and display to the public. This industry does not include establishments whose primary services include arboreta, arboretums, aviaries or botanical gardens; however, these may be offered as ancillary services of industry operators.
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook