Executive Summary
Azoth Analytics has released a research report titled "Global Museum Market (2023 Edition)" which provides a complete analysis of the Global Museum industry in terms of market segmentation by Source of Revenue (Ticket Sales, Gift Shops and Souvenir, Food and Beverage, Other Sources), Museum Type (Art Museum, History and Culture Museum, Natural Museum, Others), and by Age Group (Less than 25 years, 25- 39 years, 40-59 years, Above 60 years), for the historical period of 2019-2022, the estimates of 2023 and the forecast period of 2024-2029.
The research is global in nature and covers a detailed analysis of the market in Americas (U.S., Canada, Rest of the Americas), Europe (United Kingdom, Germany, France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, South Korea, Rest of Asia-Pacific), and the Middle East and Africa. Additionally, the research report displays data including market size, market volume/numbers, yearly growth & potential analysis, the competitive study of market players, investment opportunities and demand forecast.
The Global Museum Market is expected to generate USD 17.23 billion by the end of 2029, up from USD 7.48 billion in 2022. Museums play a crucial role in safeguarding and presenting artefacts, artworks, and historical documents, ensuring their accessibility to present and future generations. During the forecast period, 2024-2029, the Global Museum Market is expected to expand at a CAGR of 13.24%. The museum market is propelled by the rising number of tourists and their increasing interest in art, culture and history, followed by an increasing number of exhibitions and events, membership and educational programs conducted by Museums.
Museums organize temporary exhibitions, special events, and interactive experiences to attract visitors. Many tourists include visits to Museum as part of their itineraries to explore the cultural and historical aspects of a destination. Museums offer workshops, lectures, guided tours, and educational resources for schools, families, and lifelong learners to expand their educational programs and outreach initiatives.
The COVID-19 pandemic had a significant impact on the industry with many museums facing closures, reduced visitor numbers, and financial challenges due to lockdowns and travel restrictions. However, the pandemic accelerated the digital transformation of Museums. Institutions rapidly adapted to provide virtual experiences, including online exhibitions, virtual tours, educational resources, and interactive content.
The Global Museum Market is highly competitive, with the leading five most visited Museums in the market are Louvre, the National Museum of China, the Vatican Museum The Metropolitan Museum of Arts, and the British Museum. Louvre is the largest museum exhibited over an area of 72,735 square meters (782,910 square feet) with over 7 Million visitors in the year 2022.
Further, the future of the global Museum market will likely continue to evolve as technology advances and societal trends. Digital technologies can be used to improve the accessibility and reachability of collections, interactive and multimedia transfer of knowledge, and increased efficiency in the administration of the museum's operations, such as by improving inventory management and visitor tracking.
Scope of the Report:
• The report analyses the Museum Market by Volume (Numbers).
• The report analyses the Museum Market by Value (USD Million).
• The report presents the analysis of the Museum Market for the historical period of 2019-2022, the estimated year 2023 and the forecast period of 2024-2028.
• The report analyses the Museum Market by Source of Revenue (Ticket Sales, Gift Shops and Souvenir, Food and Beverage, Other Sources).
• The report analyses the Museum Market by Museum Type (Art Museum, History and Culture Museum, Natural Museum, Others).
• The report analyses the Museum Market by Age Group (Less than 25 years, 25- 39 years, 40-59 years, Above 60 years).
• The key insights of the report have been presented through the frameworks of SWOT and Porter's Five Forces Analysis. Also, the attractiveness of the market has been presented by region, by Source of Revenue, by Museum Type & by Age Group.
• Also, the major opportunities, trends, drivers and challenges of the industry have been analyzed in the report.
• The report tracks competitive developments, strategies, mergers and acquisitions and new product development. The companies analysed in the report include Louvre, National Museum of China, Vatican Museum, The Metropolitan Museum of Arts, British Museum, Tate Modern, National Gallery, Natural History of Museum, the American Museum of Natural History and the State Hermitage.
1. Market Background
1.1 Scope and Product Outlook
1.2 Executive Summary
1.3 Research Methodology
2. Strategic Recommendations
2.1 Expanding opportunity for hybrid tours
2.2 Focus on sustainable practices
3. Global Museum Market: Historic and Forecast (2019-2029)
3.1 Impact Analysis of Macro Economic Factors on Museum Market
3.2 Average Annual Museum Visited
3.3 Top 20 Museum Worldwide, 2021
3.4 Global Museum Funding Authorities
3.5 Degree of Impact of COVID-19 on Museum Market
3.6 Global Museum Market: Dashboard
3.7 Global Museum Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
3.8 Global Museum Market: Market Volume and CAGR, 2019-2029 (in numbers)
3.9 Global Museum Market Segmentation: By Source of Revenue
3.9.1 Global Museum Market, By Source of Revenue Overview
3.9.2 Global Museum Market Size, By Ticket Sales, By Value, 2019H-2029F (USD Million & CAGR)
3.9.3 Global Museum Market Size, By Gift Shop and Souvenir, By Value, 2019H-2029F (USD Million & CAGR)
3.9.4 Global Museum Market Size, By Food and Beverage, By Value, 2019H-2029F (USD Million & CAGR)
3.9.5 Global Museum Market Size, By Other Sources of Revenue, By Value, 2019H-2029F (USD Million & CAGR)
3.10 Global Museum Market Segmentation: By Type of Museum
3.10.1 Global Museum Market, By Type of Museum Overview
3.10.2 Americas Museum Market Size, By Art Museum, By Value, 2019H-2029F (USD Million & CAGR)
3.10.3 Americas Museum Market Size, By History and Culture Museum, By Value, 2019H-2029F (USD Million & CAGR)
3.10.4 Americas Museum Market Size, By Natural Museum, By Value, 2019H-2029F (USD Million & CAGR)
3.10.5 Americas Museum Market Size, By Other Museum, By Value, 2019H-2029F (USD Million & CAGR)
3.11 Global Museum Market Segmentation: By Age Group
3.11.1 Global Museum Market, By Age Group Overview
3.11.2 Global Museum Market Size, By Less than 25 years, By Value, 2019H-2029F (USD Million & CAGR)
3.11.3 Global Museum Market Size, By 25-39 years, By Value, 2019H-2029F (USD Million & CAGR)
3.11.4 Global Museum Market Size, By 40-59 years years, By Value, 2019H-2029F (USD Million & CAGR)
3.11.5 Global Museum Market Size, By Above 60 years years, By Value, 2019H-2029F (USD Million & CAGR)
4. Global Museum Market, Region Analysis
4.1 Regional Coverage of the Study
4.2 Regional Snapshot
5. Americas Museum Market: Historic and Forecast (2019-2029)
5.1 Americas Museum Market: Snapshot
5.2 Americas Museum Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
5.3 Americas Museum Market: Market Volume and CAGR, 2019-2029
5.4 Americas Museum Market: Key Factors
5.5 Americas Museum Market Segmentation: By Source of Revenue
5.5.1 Americas Museum Market, By Source of Revenue Overview
5.5.2 Americas Museum Market Size, By Ticket Sales, By Value, 2019H-2029F (USD Million & CAGR)
5.5.3 Americas Museum Market Size, By Gift Shop and Souvenir, By Value, 2019H-2029F (USD Million & CAGR)
5.5.4 Americas Museum Market Size, By Food and Beverage, By Value, 2019H-2029F (USD Million & CAGR)
5.5.5 Americas Museum Market Size, By Other Sources of Revenue, By Value, 2019H-2029F (USD Million & CAGR)
5.6 Americas Museum Market Segmentation: By Type of Museum
5.6.1 Americas Museum Market, By Type of Museum Overview
5.6.2 Americas Museum Market Size, By Art Museum, By Value, 2019H-2029F (USD Million & CAGR)
5.6.3 Americas Museum Market Size, By History and Culture Museum, By Value, 2019H-2029F (USD Million & CAGR)
5.6.4 Americas Museum Market Size, By Natural Museum, By Value, 2019H-2029F (USD Million & CAGR)
5.6.4 Americas Museum Market Size, By Other Museum, By Value, 2019H-2029F (USD Million & CAGR)
5.7 Americas Museum Market Segmentation: By Age Group
5.7.1 Americas Museum Market, By Age Group Overview
5.7.2 Americas Museum Market Size, By Less than 25 years, By Value, 2019H-2029F (USD Million & CAGR)
5.7.3 Americas Museum Market Size, By 25-39 years, By Value, 2019H-2029F (USD Million & CAGR)
5.7.2 Americas Museum Market Size, By 40-59 years, By Value, 2019H-2029F (USD Million & CAGR)
5.7.3 Americas Museum Market Size, By Above 60 years, By Value, 2019H-2029F (USD Million & CAGR)
5.8 Americas Museum Market Segmentation: By Country
5.8.1 United States Museum Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
5.8.1.1 United States Museum Market, By Source of Revenue
5.8.1.2 United States Museum Market, By Type of Museum
5.8.1.3 United States Museum Market, By Age Group
5.8.2 Canada Museum Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
5.8.2.1 Canada Museum Market, By Source of Revenue
5.8.2.2 Canada Museum Market, By Type of Museum
5.8.2.3 Canada Museum Market, By Age Group
5.8.3 Rest of Americas Museum Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
5.8.3.1 Rest of Americas Museum Market, By Source of Revenue
5.8.3.2 Rest of Americas Museum Market, By Type of Museum
5.8.3.3 Rest of Americas Museum Market, By Age Group
6. Europe Museum Market: Historic and Forecast (2019-2029)
6.1 Europe Museum Market: Snapshot
6.2 Europe Museum Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
6.3 Europe Museum Market: Volume Size and CAGR, 2019-2029
6.4 Europe Museum Market: Key Factors
6.5 Europe Museum Market Segmentation: By Source of Revenue
6.5.1 Europe Museum Market Size, By , By Ticket Sales Value, 2019H-2029F (USD Million & CAGR)
6.5.2 Europe Museum Market Size, By Gift Shop and Souvenir, By Value, 2019H-2029F (USD Million & CAGR)
6.5.3 Europe Museum Market Size, By Food and Beverage, By Value, 2019H-2029F (USD Million & CAGR)
6.5.4 Europe Museum Market Size, By Other Source of Revenue, By Value, 2019H-2029F (USD Million & CAGR)
6.6 Europe Museum Market Segmentation: By Type of Museum
6.6.1 Europe Museum Market Size, By Art Museum, By Value, 2019H-2029F (USD Million & CAGR)
6.6.2 Europe Museum Market Size, By History and Culture Museum, By Value, 2019H-2029F (USD Million & CAGR)
6.6.3 Europe Museum Market Size, By Natural Museum, By Value, 2019H-2029F (USD Million & CAGR)
6.6.3 Europe Museum Market Size, By Other Museum, By Value, 2019H-2029F (USD Million & CAGR)
6.7 Europe Museum Market Segmentation: By Age Group
6.7.1 Europe Museum Market, By Age Group Overview
6.7.2 Europe Museum Market Size, By Less than 25 years, By Value, 2019H-2029F (USD Million & CAGR)
6.7.3 Europe Museum Market Size, By 25-39 years, By Value, 2019H-2029F (USD Million & CAGR)
6.7.4 Europe Museum Market Size, By 40-59 years years, By Value, 2019H-2029F (USD Million & CAGR)
6.7.5 Europe Museum Market Size, By Above 60 years years, By Value, 2019H-2029F (USD Million & CAGR)
6.8 Europe Museum Market Segmentation: By Country
6.8.1 Germany Museum Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
6.8.1.1 Germany Museum Market, By Source of Revenue
6.8.1.2 Germany Museum Market, By Type of Museum
6.8.1.3 Germany Museum Market, By Age Group
6.8.2 United Kingdom Museum Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
6.8.2.1 United Kingdom Museum Market, By Source of Revenue
6.8.2.2 United Kingdom Museum Market, By Type of Museum
6.8.2.3 United Kingdom Museum Market, By Age Group
6.8.3 France Museum Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
6.8.3.1 France Museum Market, By Source of Revenue
6.8.3.2 France Museum Market, By Type of Museum
6.8.3.3 France Museum Market, By Age Group
6.8.4 Italy Museum Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
6.8.4.1 Italy Museum Market, By Source of Revenue
6.8.4.2 Italy Museum Market, By Type of Museum
6.7.4.3 Italy Museum Market, By Age Group
6.8.5 Spain Museum Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
6.8.5.1 Spain Museum Market, By Source of Revenue
6.8.5.2 Spain Museum Market, By Type of Museum
6.8.5.3 Spain Museum Market, By Age Group
6.8.6 Rest of Europe Museum Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
6.8.6.1 Rest of Europe Museum Market, By Source of Revenue
6.8.6.2 Rest of Europe Museum Market, By Type of Museum
6.8.6.3 Rest of Europe Museum Market, By Age Group
7. Asia Pacific Museum Market: Historic and Forecast (2019-2029)\
7.1 Asia Pacific Museum Market: Snapshot
7.2 Asia Pacific Museum Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
7.3 Asia Pacific Museum Market: Volume Size and CAGR, 2019-2029
7.4 Asia Pacific Museum Market: Key Factors
7.5 Asia Pacific Museum Market Segmentation: By Source of Revenue
7.5.1 Asia Pacific Museum Market, By Source of Revenue Overview
7.5.2 Asia Pacific Museum Market Size, By Ticket Sales, By Value, 2019H-2029F (USD Million & CAGR)
7.5.3 Asia Pacific Museum Market Size, Gift Shop and Souvenir Museum, By Value, 2019H-2029F (USD Million & CAGR)
7.5.4 Asia Pacific Museum Market Size, By Food and Beverage, By Value, 2019H-2029F (USD Million & CAGR)
7.5.5 Asia Pacific Museum Market Size, By Other Sources of Revenue, By Value, 2019H-2029F (USD Million & CAGR)
7.6 Asia Pacific Museum Market Segmentation: By Type of Museum
7.6.1 Asia Pacific Museum Market, By Type of Museum Overview
7.6.2 Asia Pacific Museum Market Size, By Art Museum, By Value, 2019H-2029F (USD Million & CAGR)
7.6.3 Asia Pacific Museum Market Size, By History and Culture Museum, By Value, 2019H-2029F (USD Million & CAGR)
7.6.4 Asia Pacific Museum Market Size, By Natural Museum, By Value, 2019H-2029F (USD Million & CAGR)
7.6.4 Asia Pacific Museum Market Size, By Other Museum, By Value, 2019H-2029F (USD Million & CAGR)
7.7 Asia Pacific Museum Market Segmentation: By Age Group
7.7.1 Asia Pacific Museum Market, By Age Group Overview
7.7.2 Asia Pacific Museum Market Size, By Less than 25 years, By Value, 2019H-2029F (USD Million & CAGR)
7.7.3 Asia Pacific Museum Market Size, By 25-39 years, By Value, 2019H-2029F (USD Million & CAGR)
7.7.4 Asia Pacific Museum Market Size, By 40-59 years years, By Value, 2019H-2029F (USD Million & CAGR)
7.7.4 Asia Pacific Museum Market Size, By Above 60 years years, By Value, 2019H-2029F (USD Million & CAGR)
7.8 Asia Pacific Museum Market Segmentation: By Country
7.8.1 China Museum Market Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
7.8.1.1 China Museum Market, By Source of Revenue
7.8.1.2 China Museum Market, By Type of Museum
7.8.1.3 China Museum Market, By Age Group
7.8.2 Japan Museum Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
7.8.2.1 Japan Museum Market, By Source of Revenue
7.8.2.2 Japan Museum Market, By Type of Museum
7.8.2.3 Japan Museum Market, By Age Group
7.8.3 South Korea Museum Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
7.8.3.1 South Korea Museum Market, By Source of Revenue
7.8.3.2 South Korea Museum Market, By Type of Museum
7.8.3.3 South Korea Museum Market, By Age Group
7.8.4 Rest of APAC Museum Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
7.8.4.1 Rest of APAC Museum Market, By Source of Revenue
7.8.4.2 Rest of APAC Museum Market, By Type of Museum
7.8.4.3 Rest of APAC Museum Market, By Age Group
8. Middle East & Africa Museum Market: Historic and Forecast (2019-2029)
8.1 Middle East & Africa Museum Market: Snapshot
8.2 Middle East & Africa Museum Market: Market Size and CAGR, 2019-2029 (USD Million & CAGR)
8.2 Middle East & Africa Museum Market: Market Volume and CAGR, 2019-2029
8.3 Middle East & Africa Museum Market: Key Factors
8.4 Middle East & Africa Museum Market Segmentation: By Source of Revenue
8.4.1 Middle East & Africa Museum Market, By Source of Revenue Overview
8.4.2 Middle East & Africa Museum Market Size, By Ticket Sales, By Value, 2019H-2029F (USD Million & CAGR)
8.4.3 Middle East & Africa Museum Market Size, By Gift Shop and Souvenir, By Value, 2019H-2029F (USD Million & CAGR)
8.4.4 Middle East & Africa Museum Market Size, By Food and Beverage, By Value, 2019H-2029F (USD Million & CAGR)
8.4.5 Middle East & Africa Museum Market Size, By Other Sources of Revenue, By Value, 2019H-2029F (USD Million & CAGR)
8.5 Middle East & Africa Museum Market Segmentation: By Type of Museum
8.5.1 Middle East & Africa Museum Market, By Type of Museum Overview
8.5.2 Middle East & Africa Museum Market Size, By Art Museum, By Value, 2019H-2029F (USD Million & CAGR)
8.5.3 Middle East & Africa Museum Market Size, By History and Culture Museum, By Value, 2019H-2029F (USD Million & CAGR)
8.5.4 Middle East & Africa Museum Market Size, By Natural Museum, By Value, 2019H-2029F (USD Million & CAGR)
8.5.5 Middle East & Africa Museum Market Size, By Other Museum, By Value, 2019H-2029F (USD Million & CAGR)
8.6 Middle East & Africa Museum Market Segmentation: By Age Group
8.6.1 Middle East & Africa Museum Market, By Age Group Overview
8.6.2 Middle East & Africa Museum Market Size, By Less than 25 years, By Value, 2019H-2029F (USD Million & CAGR)
8.6.3 Middle East & Africa Museum Market Size, By 25-39 years, By Value, 2019H-2029F (USD Million & CAGR)
8.6.4 Middle East & Africa Museum Market Size, By 40-59 years, By Value, 2019H-2029F (USD Million & CAGR)
8.6.5 Middle East & Africa Museum Market Size, By Above 60 years, By Value, 2019H-2029F (USD Million & CAGR)
9. Market Dynamics
9.1 Impact Assessment of Market Dynamics on Global Museum Market
9.2 Drivers
9.3 Restraints
9.4 Trends
10. Industry Ecosystem Analysis
10.1 Macro-Economic Factor Assessment
10.2 Porter Analysis
11. Competitive Positioning
11.1 Company Profiles
11.1.1 Louvre
11.1.2 National Museum of China
11.1.3 Vatican Museum
11.1.4 The Metropolitan Museum of Art
11.1.5 The British Museum
11.1.6 Tate Modern
11.1.7 The National Gallery
11.1.8 Natural History Museum
11.1.9 American Museum of Natural History
11.1.10 The Stage Hermitage Museum
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Executive Summary
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