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2024 U.S. Industry Statistics & Market Forecast - Business Associations
Market Size & Industry Statistics
The total U.S. industry market size for Business Associations:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Business Associations industry include:- Increasing globalization
- Rise of digital and remote working technologies
- Heightened regulatory compliance and governance standards
- Greater emphasis on diversity and inclusion
- Adoption of artificial intelligence and automation
- Sustainability and corporate social responsibility pressures
- Shifts in consumer behavior and expectations
- Growth of networking and collaboration platforms
- Economic instability and market fluctuations
- Cybersecurity threats and data privacy concerns
Product & Services Breakdown
Research products and services in the Business Associations industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Advertising Revenues |
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Membership Services |
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Membership Services - Business And Professional Association |
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Other Membership (Including Religious Congregation) Services |
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Publishing Directories, Periodicals, And Books |
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Training Services, Membership Organization Activities |
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Testing And Examination Services |
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Organizing Seminars, Conferences, Trade Shows, And Other Special Events |
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Ticket Sales (Or Event Admissions) |
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Licensing Of Rights To Use Intellectual Property |
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Licensing Of Rights To Use Intellectual Property Protected By Trademark |
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Rental Of Non-Residential Space In Buildings Or Other Facilities |
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All Other Receipts |
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All Other Operating Receipts |
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Contributions, Gifts, And Grants - Government |
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Contributions, Gifts, And Grants - Private |
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Investment Income, Including Interest And Dividends |
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Program Service Revenue Including Government Fees And Contracts |
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All Other Revenue |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Business Associations company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Business Associations industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Business Associations measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 19% | Order at top of page |
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| Top Executives | 10% | |||
| Chief Executives | 1% | |||
| General and Operations Managers | 9% | |||
| General and Operations Managers | 9% | |||
| Business and Financial Operations Occupations | 28% | |||
| Business Operations Specialists | 25% | |||
| Human Resources Workers | 13% | |||
| Labor Relations Specialists | 12% | |||
| Arts, Design, Entertainment, Sports, and Media Occupations | 6% | |||
| Media and Communication Workers | 5% | |||
| Office and Administrative Support Occupations | 22% | |||
| Secretaries and Administrative Assistants | 7% | |||
| Secretaries and Administrative Assistants | 7% | |||
| Secretaries and Administrative Assistants, Except Legal, Medical, and Executive | 5% | |||
| Other Office and Administrative Support Workers | 5% | |||
Business Associations Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Business Associations industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Business Associations industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Business Associations industry. |
Source:
Innovation News
- Jun 13, 2024: Natural Extraction Systems patents Compositions For Low-temperature Distillation Of High-boiling-point Molecules
- Apr 25, 2024: Natural Extraction Systems patents Compositions And Methods Related To Cannabinoid Anions
- Apr 25, 2024: Natural Extraction Systems patents Compositions And Methods Related To Cannabinoid Anions
- Jan 26, 2024: Florida Certified Organic Growers & Consumers trademarks "QCS" - Providing accredited certification services in the nature of evaluating the services of others to verify conformity with the certification standards of others, in the fields of farming of food crops, livestock and aquaculture, and in the fields of animal feed manufacturing, packing, handling and processing and in the field of wild agricultural products harvest operations
- Jan 26, 2024: Florida Certified Organic Growers & Consumers trademarks "FLORIDA ORGANIC GROWERS" - Providing informational and educational services in the field of organic and sustainable farming; promotion services in the field of organic and sustainable farming; promoting organic and sustainable farming through public advocacy
- Dec 06, 2023: M3 Planning trademarks "CSO COLLABORATIVE" - Promoting and providing a collaboration framework (through a Community of Practice) for business, public and non-profit entity leaders in a peer-to-peer setting for the primary purpose of enhancing strategy development, management, implementation plus performance execution knowledge and expertise
Recent Federal Contracts for Business Associations
- Mar 29, 2024: DOWNTOWN VISIONS INC (Jacksonville, FL) awarded $19,999
- Mar 21, 2024: NATIONAL COUNCIL FOR PRESCRIPTION DRUG PROGRAMS INC (Scottsdale, AZ) awarded $45,352
- Mar 19, 2024: AMERICAN SOCIETY OF HEALTH-SYSTEM PHARMACISTS INC (Bethesda, MD) awarded $10,625
- Mar 18, 2024: HEALTH FORUM, LLC (Chicago, IL) awarded $12,380
- Mar 12, 2024: OPEN GEOSPATIAL CONSORTIUM INC (Wayland, MA) awarded $1,519,058
- Mar 08, 2024: INTERNATIONAL ASSOCIATION OF BETTER BUSINESS BUREAUS, INC. (Arlington, VA) awarded $104,592
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