DUBLIN--(BUSINESS WIRE)--The "Global Museum Market (2023 Edition): Analysis By Source of Revenue, Museum Type (Art, History and Culture, Natural, Others), By Age Group, By Region, By Country: Market Insights and Forecast (2019-2029)" report has been added to ResearchAndMarkets.com's offering.
The Global Museum Market is on a remarkable growth trajectory, projected to reach a staggering USD 17.23 billion by 2029, a significant increase from USD 7.48 billion in 2022. This expansion is expected to continue during the forecast period of 2024-2029, with an impressive compound annual growth rate (CAGR) of 13.24%.
This research report offers valuable insights into the market, encompassing key data such as market size, volume, yearly growth, competitive analysis, investment opportunities, and demand forecasts. Museums, essential for preserving and showcasing artifacts, artworks, and historical documents, play a pivotal role in making cultural heritage accessible to both present and future generations. The market's growth is propelled by a rising number of tourists who have a growing interest in art, culture, and history, as well as an increase in exhibitions, events, memberships, and educational programs offered by museums.
Museums continually innovate to attract visitors through temporary exhibitions, special events, and interactive experiences. They serve as essential cultural destinations for tourists, offering workshops, lectures, guided tours, and educational resources. The COVID-19 pandemic had a significant impact on the industry, leading to closures and reduced visitor numbers. However, it accelerated digital transformation efforts, with museums quickly adapting to provide virtual experiences, including online exhibitions, tours, and educational content.
The Global Museum Market is fiercely competitive, with leading museums such as the Louvre, the National Museum of China, the Vatican Museum, The Metropolitan Museum of Arts, and the British Museum drawing substantial crowds. For instance, the Louvre, the largest museum, hosted over 7 million visitors in 2022 across its vast 72,735 square meters of exhibition space.
Looking ahead, the future of the global museum market will continue to evolve alongside technological advancements and societal trends. Digital technologies are expected to enhance accessibility, knowledge transfer, and operational efficiency, further cementing the museum's role as a vital cultural institution in the digital age.
Global Museums Market Insights
- Impact Analysis of Macro Economic Factors on Museums Market
- Average Annual Museum Visited
- Top 20 Museums Worldwide, 2021
- Global Museum Funding Authorities
- Degree of Impact of COVID-19 on Museum Market
- Global Museums Market: Dashboard
- Global Museums Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
- Global Museums Market: Market Volume and CAGR, 2019-2029 (in numbers)
Scope of the Report
By Source of Revenue Overview
- Global Museums Market Size, By Ticket Sales, By Value, 2019H-2029F (USD Million & CAGR)
- Global Museums Market Size, By Gift Shop and Souvenir, By Value, 2019H-2029F (USD Million & CAGR)
- Global Museums Market Size, By Food and Beverage, By Value, 2019H-2029F (USD Million & CAGR)
- Global Museums Market Size, By Other Sources of Revenue, By Value, 2019H-2029F (USD Million & CAGR)
Global Museums Market Segmentation: By Type of Museum
- Americas Museums Market Size, By Art Museum, By Value, 2019H-2029F (USD Million & CAGR)
- Americas Museums Market Size, By History and Culture Museum, By Value, 2019H-2029F (USD Million & CAGR)
- Americas Museums Market Size, By Natural Museum, By Value, 2019H-2029F (USD Million & CAGR)
- Americas Museums Market Size, By Other Museum, By Value, 2019H-2029F (USD Million & CAGR)
Global Museums Market Segmentation: By Age Group
- Global Museums Market Size, By Less than 25 years, By Value, 2019H-2029F (USD Million & CAGR)
- Global Museums Market Size, By 25-39 years, By Value, 2019H-2029F (USD Million & CAGR)
- Global Museums Market Size, By 40-59 years, By Value, 2019H-2029F (USD Million & CAGR)
- Global Museums Market Size, By Above 60 years, By Value, 2019H-2029F (USD Million & CAGR)
The companies analysed in the report include
- American Museum of Natural History
- Louvre
- National Museum of China
- Natural History Museum
- Tate Modern
- The British Museum
- The Metropolitan Museum of Art
- The National Gallery
- The Stage Hermitage Museum
- Vatican Museums
For more information about this report visit https://www.researchandmarkets.com/r/kswv0h
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