Arts, Entertainment, and Recreation - 2023 U.S. Market Research Report with Updated Recession Forecasts
The 2023 Arts, Entertainment, and Recreation Market Research Report is one of the most comprehensive and in-depth assessments of the industry in the United States with over 100+ data sets covering 2013-2026.
This Kentley Insights report includes historical and forecasted market size, product lines, profitability, financial ratios, BCG matrix, statistics by state, operating expense details, organizational breakdown, consolidation analysis, employee productivity, price inflation, pay bands for the top 20 industry jobs, trend analysis and forecasts on companies, locations, employees, payroll, and much more.
The Arts, Entertainment, and Recreation sector includes a wide range of companies that operate facilities or provide services to meet varied cultural, entertainment, and recreational interests of their patrons. This sector comprises (1) companies that are involved in producing, promoting, or participating in live performances, events, or exhibits intended for public viewing; (2) companies that preserve and exhibit objects and sites of historical, cultural, or educational interest; and (3) companies that operate facilities or provide services that enable patrons to participate in recreational activities or pursue amusement, hobby, and leisure-time interests.
This report was developed utilizing the results from extensive business surveys and econometrics. Professionals utilize this report for market sizing, benchmarking, strategic planning, due diligence, cost-cutting, planning, understanding industry dynamics, evaluating opportunities, forecasting, streamlining, gap analysis, and other analyses.
Review the table of contents to see the data-rich insights, which leaders have come to depend on for their research, strategic, and benchmarking needs.
Below are a few of the hundreds of stats from the report:
In 2022, industry sales were $364.5 billion
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Over the past 3 years, the industry has grown at an annual rate of 5.7%
The report has historical, annual and forecasted growth rates
There are 129,997 companies in the industry
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SALES PER COMPANY
In 2022, the average sales per company was $2.8 million
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INFLATION & PRICING
2021 inflation was 6.1%
The report has historicals (2014-2022), 4 years of monthly figures, and 2023 & 5-year forecast
For unprofitable companies, the average net loss is -13.3%
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Employee productivity is $151,125
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2.5% of expenses is spent on health insurance
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In 2022, industry operating expenses grew 12.1%
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In 2022, payroll per employee was $38,041
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PAYROLL BY STATE
California averages $58,825 in payroll per employee
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JOB CATEGORIZATION BENCHMARKS
4.6% of employees in the industry are in management positions
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JOB CATEGORIZATION PAY RANGES
The average industry hourly pay for office and administrative jobs is $17.89
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The above stats represent a small fraction of what you will find in this report.
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