$153.4bn
$XX.Xbn
1m
185k
$XX.Xbn
Industry revenue has grown at a CAGR of 0.4 % over the past five years, to reach an estimated $153.4bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
The Catholic Church | 469.2 | 236.8 | 50.5 | |
The Mainline Protestant Church | 18.4 | 9.3 | 50.5 | |
The Evangelical Church | 17.3 | 8.7 | 50.5 |
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Industry revenue is measured across several distinct product and services lines, including Mainline Protestant, Evangelical Protestant and Historically black Protestant. Mainline Protestant is the largest segment of the Religious Organizations in the US.
Protestantism is a hugely influential religious tradition
This industry consists of religious organizations that provide religious worship or promote religious activities for both organized religions and smaller faiths that are not recognized in mainstream religious teaching. Operators include churches, temples, mosques, synagogues and other houses of worship, in addition to convents, monasteries and religiously affiliated community centers. This industry does not include schools and hospitals operated by religious organizations.
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NAICS 81311 - Religious Organizations in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Declining religious importance is affecting the industry drastically, decreasing demand and revenue. Adaptation to digital platforms is now essential to sustain church connec...
Learn about an industry's products and services, markets and trends in international trade.
The US's prominent religious tradition, Protestantism, is witnessing a drop in membership. Despite a boost from Latin American immigration, Catholicism's participation has si...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The distribution of Religious Organizations aligns with regional population trends, with exceptions. Southeast and Great Lakes regions hold notably more establishments relati...
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.
Religious organizations compete for members across different faith systems. Similarly, competition occurs among churches within the same faith who vie for the same followers.
Learn about the performance of the top companies in the industry.
The Protestant Church, as the largest denomination, fragments into different sects. Each sect works independently and contributes to a minimal market share.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Most industry establishments are self-regulated according to guidelines from their respective religious denomination. In general, each establishment controls its own budget a...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Religious organizations exhibit financial stability, using surplus funds for future programs. Despite COVID-19, increased donations and government aid in 2020 ensured consist...
Including values and annual change:
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Key data sources in the US include:
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:
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.
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.
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The market size of the Religious Organizations in the US industry in United States is $153.4bn in 2024.
There are 185k businesses in the Religious Organizations in the US industry in United States, which has grown at a CAGR of 0.0 % between 2018 and 2023.
The market size of the Religious Organizations in the US industry in United States has been growing at a CAGR of 0.4 % between 2018 and 2023.
Over the next five years, the Religious Organizations in the US industry in United States is expected to grow.
The biggest companies operating in the Religious Organizations market in United States are The Catholic Church, The Mainline Protestant Church and The Evangelical Church
Bible society operation and Church operation are part of the Religious Organizations in the US industry.
The company holding the most market share in United States is The Catholic Church.
The level of competition is moderate and steady in the Religious Organizations in the US industry in United States.