Performing Arts Venues in Australia - Market Research Report (2013-2028)
Melbourne, Australia
Last Updated: September 2023
ANZSIC R9003Revenue
$941.9m
Past 5-Year Growth
Profit
$XX.Xm
Employees
12,146
Businesses
964
Wages
$XXX.Xm
Performing Arts Venues in Australia industry analysis
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 anticipated 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 expected to surge by 8.7%.
Trends and Insights
- The Performing Arts Venues industry's performance has fluctuated. The COVID-19 pandemic and following government restrictions on large indoor gatherings have significantly hampered operations since March 2020.
- Programming is the industry's main service segment and comprises box office and project income. Digital performances sustained programming’s revenue when venues closed due to COVID-19 trading restrictions, either by live-streaming performances or making them available on demand.
- Victoria is home to many well-known performing arts venues because of the state’s extensive population. Melbourne, the state capital, is recognised as Australia's cultural centre, hosting world-class arts, theatre and music events that draw large crowds.
- Competition across venues may be limited due to the scale of some key performances. Large venues have agreements or contracts with performing arts groups for staging and rehearsals for specific performances throughout the year.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has declined at a CAGR of 3.5 % over the past five years, to reach an estimated $941.9m in 2023.
Trends and Insights
The COVID-19 pandemic has dealt a blow to venues' revenue
- In March 2020, the federal and state governments put restrictions on social gatherings and non-essential businesses. These restrictions led to performing arts venues shutting their doors and cancelling performances.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Securing adequate funding will remain vital to any performing arts venue
- Although government funding for heritage and arts is set to climb, performing arts venues will likely come under increasing pressure to raise revenue through commercial activities.
Biggest companies in the Performing Arts Venues in Australia
| Company | Market Share (%)
2023 | Revenue ($m)
2023 |
|---|---|---|
Arts Centre Melbourne | 92.6 | |
Sydney Opera House | 85.5 | |
Queensland Performing Arts Trust | 70.2 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Theatre services, Venue hire and Food and beverage services . Theatre services is the largest segment of the Performing Arts Venues in Australia.
Trends and Insights
Programming sales have flourished, bolstered by amplified digital offers
- Programming is the industry's largest service segment. It includes box office and project income. Programming involves scheduling sessions and performances at industry venues.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Pubs, Bars and Nightclubs in Australia
Complementors
- Cinemas in Australia
- Art Galleries and Museums in Australia
- Music and Theatre Productions in Australia
- Amusement Parks and Centres Operation in Australia
- Event Promotion and Management Services in Australia
- Sports and Recreation Facilities Operation in Australia
International industries
- Concert & Event Promotion in the US
- Online Event Ticket Sales in the US
- Concert & Event Promotion in Canada
- Performing Arts Operation in New Zealand
Table of Contents
About this industry
Industry definition
The industry operates venues for performing arts rehearsals and presentations, including concerts, music, opera and theatre. The industry excludes motion picture theatres.
What's included in this industry?
ProgrammingTheatre servicesFood and beverage servicesTicketing servicesVenue hireGift shop salesCar park operationsCompanies
Arts Centre MelbourneSydney Opera HouseQueensland Performing Arts TrustPurchase this report to view all 4 major companies in this industry.
Related Terms
EISTEDDFODBOX OFFICEPRODUCTION TECHNOLOGYIndustry Code
ANZSIC 9003 - Performing Arts Venues in Australia
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
The Performing Arts Venues industry's performance has fluctuated. The COVID-19 pandemic and following government restrictions on large indoor gatherings have significantly ha...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Programming is the industry's main service segment and comprises box office and project income. Digital performances sustained programming’s revenue when venues closed due to...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2023
- Product innovation level
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Victoria is home to many well-known performing arts venues because of the state’s extensive population. Melbourne, the state capital, is recognised as Australia's cultural ce...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each region in 2023
- Number and share of revenue each region accounts for in 2023
- Number and share of wages each region accounts for in 2023
- Number and share of employees in each region in 2023
Detailed analysis
- Geographic spread of the industry across Asia Pacific, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Competition across venues may be limited due to the scale of some key performances. Large venues have agreements or contracts with performing arts groups for staging and rehe...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
The Performing Arts Venues industry comprises many local council-funded performing arts venues in suburban and regional areas. These venues are leased by touring performing a...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of Arts Centre Melbourne's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Sydney Opera House's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Queensland Performing Arts Trust's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for Arts Centre Melbourne, and factors influencing its performance in the industry
- Description and key data for Sydney Opera House, and factors influencing its performance in the industry
- Description and key data for Queensland Performing Arts Trust, and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Publicly owned performing arts venues obtain significant operating and capital works grants from governments. Some major venues receive ongoing government support, while othe...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Larger enterprises, like the Sydney Opera House Trust, have greater labour expenses as they manage multiple revenue streams, requiring more staff. Smaller venue operations re...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Australia include:
- Australian Bureau of Statistics
- Australian Taxation Office
- Australian Securities & Investments Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Performing Arts Venues industry in Australia in 2024?
The market size of the Performing Arts Venues industry in Australia is $941.9m in 2024.
How many businesses are there in the Performing Arts Venues in Australia industry in 2023?
There are 964 businesses in the Performing Arts Venues industry in Australia, which has grown at a CAGR of 11.1 % between 2018 and 2023.
Has the Performing Arts Venues industry in Australia grown or declined over the past 5 years?
The market size of the Performing Arts Venues industry in Australia has been declining at a CAGR of 3.5 % between 2018 and 2023.
What is the forecast growth of the Performing Arts Venues industry in Australia over the next 5 years?
Over the next five years, the Performing Arts Venues industry in Australia is expected to grow.
What are the biggest companies in the Performing Arts Venues market in Australia?
The biggest companies operating in the Performing Arts Venues market in Australia are Arts Centre Melbourne, Sydney Opera House and Queensland Performing Arts Trust
What does the Performing Arts Venues in Australia include?
Programming and Theatre services are part of the Performing Arts Venues industry.
Which companies have the highest market share in the Performing Arts Venues in Australia?
The company holding the most market share in Australia is Arts Centre Melbourne.
How competitive is the Performing Arts Venues industry in Australia?
The level of competition is moderate and increasing in the Performing Arts Venues industry in Australia.
