$567.9m
$XX.Xm
2,353
207
$XX.Xm
Government funding and attendance numbers are key performance determinants for zoological and botanical gardens. Over recent years, rising domestic tourism has supported the industry despite the COVID-19 pandemic limiting the number of visitations. A depreciation of the Australian dollar has driven up international tourism activity, as it made Australia a cheaper option for overseas travellers. In addition, a weak Australian dollar meant the cost of international travel for Australians remained relatively higher than domestic alternatives, prompting interstate tourism to rise.Tourism activity dropped in 2019-20 and 2020-21, because of the COVID-19 pandemic. In late 2019-20, the Federal Government implemented heavy border restrictions, effectively stopping international travel to the country. The Federal Government also introduced restrictions to contain the spread of the virus, forcing zoos and aquariums to close to the public. Although COVID-19 restrictions have relaxed in line with the vaccine rollout, COVID-19 variants have caused restrictions to rise for other periods. Domestic and international restrictions are now largely eased, increasing the revenue that is generated through inbound tourists. Overall, zoological and botanical garden revenue has risen at an anticipated annualised 3.1% over the five years through to 2022-23, to $567.9 million. This includes an expected revenue rise of 37.4% in the current year. Relaxing restrictions and a depreciation of the Australian dollar have catapulted domestic and international tourism in the current year, boosting industry performance.Zoos, aquariums and botanical garden will continue to perform well over the coming years. The volume of tourists will increase after the COVID-19 pandemic's economic effects weaken. That's why the industry's establishment and enterprise numbers will expand. A rise in demand over the period will boost profitability. The number of enterprises and employees will increase over the period, as competition intensifies and the national population grows. Zoo and botanical garden revenue is forecast to grow at an annualised 3.2% through the end of 2027-28, to $664.2 million.
Industry revenue has grown at a CAGR of 3.1 % over the past five years, to reach an estimated $567.9m in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 |
---|---|---|
Taronga Conservation Society Australia | 105.4 | |
Merlin Entertainments Australia | 93.2 | |
Zoos Victoria | 90.0 |
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Industry revenue is measured across several distinct product and services lines, including Zoological gardens, Aquariums and Botanical gardens. Zoological gardens is the largest segment of the Zoological and Botanical Gardens in Australia.
Intensified focus on the conservation of wildlife has sparked interest in zoological gardens
Zoological and botanical gardens include the operation of zoos, aquariums and botanical gardens.
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ANZSIC 8921 - Zoological and Botanical Gardens in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The economic recovery of the COVID-19 pandemic has seen a boost in tourism. After periods of economic downturn, the return of visitations from a rise in tourism has benefited...
Learn about an industry's products and services, markets and trends in international trade.
The COVID-19 pandemic has lessened the popularity of zoos and gardens. Social distancing restrictions have had opposing effects on zoos and gardens, considering their often-e...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Heavier rainfall seasons in certain regions assist in some plants’ growth. However, heavy rainfall can discourage patronage for both zoos and gardens.
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.
Zoos, gardens and aquariums compete internally on customer quality and the content of information that they provide. Sites aim to attract customers by offering entertainment ...
Learn about the performance of the top companies in the industry.
Zoological and botanical gardens that are seeking to expand are engaging in acquisitional activities. Acquisitions are assisting zoos and gardens to expand into new demograph...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The number of tourists has influenced the level of zoo and garden admissions. Low patronage (as seen during the COVID-19 pandemic) has caused a loss of admission fee revenue.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
The COVID-19 pandemic has constrained growth in industry profit margins. The Federal Government implemented social distancing restrictions to curb the transmission of the vir...
Including values and annual change:
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Key data sources in Australia include:
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These sources include:
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The market size of the Zoological and Botanical Gardens industry in Australia is $567.9m in 2024.
There are 207 businesses in the Zoological and Botanical Gardens industry in Australia, which has grown at a CAGR of 15.7 % between 2018 and 2023.
The market size of the Zoological and Botanical Gardens industry in Australia has been growing at a CAGR of 3.1 % between 2018 and 2023.
Over the next five years, the Zoological and Botanical Gardens industry in Australia is expected to grow.
The biggest companies operating in the Zoological and Botanical Gardens market in Australia are Taronga Conservation Society Australia, Merlin Entertainments Australia and Zoos Victoria
Zoological gardens and Aquariums are part of the Zoological and Botanical Gardens industry.
The company holding the most market share in Australia is Taronga Conservation Society Australia.
The level of competition is moderate and steady in the Zoological and Botanical Gardens industry in Australia.