Museums - Market Size, Financial Statistics, Industry Trends

Museums Market Size

This report includes historical and forecasted market sizes and industry trends for Museums. It reveals overall market dynamics from 2020 through the present, and predicts industry growth or shrinkage through 2030. Revenue data include both public and private companies in the Museums industry.

	Historical					Forecasted
	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030
Market Size (Total Revenue)	Included in Report
% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company

Source: U.S. government financial data



Pell Research's advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size statistics include revenue generated from all products and services sold within the Museums industry.

Geographic Breakdown by U.S. State

Museums market share by state pinpoints local opportunities based on regional revenue statistics. Growth rate for each state is affected by regional economic conditions. Data by state can be used to locate profitable and nonprofitable locations for Museums companies in the United States.

Distribution by Company Size

Company Size	All Industries	Museums
Small Business (< 5 Employees)	Included
Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Industry Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:

• Cost of goods sold
• Compensation of officers
• Salaries and wages
• Employee benefit programs
• Rent paid
• Advertising and marketing budgets

The report includes a traditional income statement from an "average" Museums company (both public and private companies are included).

	Industry Average	Percent of Sales
Total Revenue	Included
Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial Ratio	Industry Average
Profitability Ratios	Included
Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Products and Services Mix

Product lines and services in the Museums industry accounting for the largest revenue sources.

Product Description	Description	Revenue ($ Millions)
Industry total	Included
Contributions, gifts, & grants - private
Admissions to cultural institutions
Admissions to museums
Investment income, including interest & dividends
Contributions, gifts, & grants - government
Gains (losses) from assets sold
Resale of merchandise
All other operating receipts
All other revenue

Compensation and Salary Surveys

Salary information for employees working in the Museums industry.

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	8%	Included
Chief Executives	0%
General and Operations Managers	3%
Business and Financial Operations Occupations	6%
Business Operations Specialists	5%
Education, Training, and Library Occupations	15%
Librarians, Curators, and Archivists	9%
Archivists, Curators, and Museum Technicians	9%
Protective Service Occupations	5%
Building and Grounds Cleaning and Maintenance Occupations	5%
Personal Care and Service Occupations	21%
Tour and Travel Guides	11%
Tour and Travel Guides	11%
Sales and Related Occupations	9%
Retail Sales Workers	7%
Office and Administrative Support Occupations	13%

Government Contracts

The federal government spent an annual total of $22,311,909 on the Museums industry. It has awarded 268 contracts to 146 companies, with an average value of $152,821 per company.

Top Companies in Museums and Adjacent Industries

Company	Address	Revenue ($ Millions)
Included