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2024 U.S. Industry Statistics & Market Forecast - Performing Arts, Spectator Sports, and Related Industries
Market Size & Industry Statistics
The total U.S. industry market size for Performing Arts, Spectator Sports, and Related Industries:
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 Performing Arts, Spectator Sports, and Related Industries industry include:- Increased digital engagement through streaming platforms
- Virtual reality (VR) and augmented reality (AR) integration
- Emphasis on diversity and inclusion in casting and production
- Growth in e-sports and online spectator sports
- Enhanced health and safety protocols due to pandemics
- Shift towards more immersive and interactive audience experiences
- Rise in niche and community-focused productions
- Impact of social media on live performances and athlete endorsements
- Globalization of audiences
- Adoption of green practices and sustainability in production designs
- Increased governmental and institutional support for cultural projects
- Flexible pricing strategies to attract broader audiences
- Collaborations across different art forms and industries
- Rise of celebrity-driven projects and events
- Dominance of blockbusters and major franchises in theatre and sports
Product & Services Breakdown
Research products and services in the Performing Arts, Spectator Sports, and Related Industries 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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Admissions To Live Performing Arts Performances |
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Admissions To Live Sports Events |
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Contract Live Performing Arts Performances |
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Contract Live Sporting Events |
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Sale Of Paintings, Sculptures, And Other Fine Arts |
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Support Services For Production Of Audiovisual Works And Studio Sound Recordings |
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Contract Performing Arts Performances For Film And Television |
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Gambling Machines |
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Pari-Mutuel Sports Gambling |
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Advertising Revenues |
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Representation Services |
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Career Management Services |
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Fine Arts And Theatrical Performance Instruction |
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Race Animal Training |
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Sporting Event Broadcast And Other Media Rights |
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Licensing Of Rights To Use Intellectual Property - Protected By Trademark |
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Licensing Of Rights To Use Intellectual Property - Protected By Copyright |
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Outright Sale Of Intellectual Property Protected By Copyright |
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Contract Production Services For Intellectual Property Protected By Copyright, Excluding Live Performing Arts |
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Sports And Performing Arts Event Management Services |
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Membership Services |
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Parking Services |
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Meals And Beverages, Prepared And Served Or Dispensed, For Immediate Consumption |
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Rental Or Lease Of Goods And/Or Equipment |
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Rental Of Non-Residential Space In Buildings Or Other Facilities |
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Resale Of Merchandise |
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All Other 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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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) |
|
|---|---|---|
| Total Revenue | Order at top of page |
|
| 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 Performing Arts, Spectator Sports, and Related Industries 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 Performing Arts, Spectator Sports, and Related Industries industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
|
| 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 Performing Arts, Spectator Sports, and Related Industries measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
|
| 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 | 10% | Order at top of page |
||
| Top Executives | 6% | |||
| Chief Executives | 0% | |||
| General and Operations Managers | 5% | |||
| General and Operations Managers | 5% | |||
| Business and Financial Operations Occupations | 11% | |||
| Business Operations Specialists | 10% | |||
| Agents and Business Managers of Artists, Performers, and Athletes | 36% | |||
| Agents and Business Managers of Artists, Performers, and Athletes | 36% | |||
| Educational Instruction and Library Occupations | 8% | |||
| Other Teachers and Instructors | 8% | |||
| Self-Enrichment Teachers | 8% | |||
| Self-Enrichment Teachers | 8% | |||
| Arts, Design, Entertainment, Sports, and Media Occupations | 26% | |||
| Art and Design Workers | 12% | |||
| Artists and Related Workers | 11% | |||
| Fine Artists, Including Painters, Sculptors, and Illustrators | 6% | |||
| Entertainers and Performers, Sports and Related Workers | 17% | |||
| Actors, Producers, and Directors | 9% | |||
| Actors | 6% | |||
| Producers and Directors | 6% | |||
| Athletes, Coaches, Umpires, and Related Workers | 6% | |||
| Athletes and Sports Competitors | 7% | |||
| Coaches and Scouts | 10% | |||
| Musicians, Singers, and Related Workers | 17% | |||
| Musicians and Singers | 14% | |||
| Media and Communication Equipment Workers | 5% | |||
| Protective Service Occupations | 6% | |||
| Other Protective Service Workers | 5% | |||
| Security Guards and Gambling Surveillance Officers | 5% | |||
| Security Guards | 5% | |||
| Food Preparation and Serving Related Occupations | 6% | |||
| Food and Beverage Serving Workers | 7% | |||
| Personal Care and Service Occupations | 13% | |||
| Animal Care and Service Workers | 7% | |||
| Animal Caretakers | 5% | |||
| Animal Caretakers | 5% | |||
| Entertainment Attendants and Related Workers | 9% | |||
| Ushers, Lobby Attendants, and Ticket Takers | 5% | |||
| Ushers, Lobby Attendants, and Ticket Takers | 5% | |||
| Miscellaneous Entertainment Attendants and Related Workers | 7% | |||
| Amusement and Recreation Attendants | 6% | |||
| Sales and Related Occupations | 8% | |||
| Office and Administrative Support Occupations | 12% | |||
| Financial Clerks | 5% | |||
| Secretaries and Administrative Assistants | 18% | |||
| Secretaries and Administrative Assistants | 18% | |||
| Secretaries and Administrative Assistants, Except Legal, Medical, and Executive | 16% | |||
| Transportation and Material Moving Occupations | 6% | |||
Performing Arts, Spectator Sports, and Related Industries Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Performing Arts, Spectator Sports, and Related Industries 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 Performing Arts, Spectator Sports, and Related Industries 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 Performing Arts, Spectator Sports, and Related Industries industry. |
Source:
Innovation News
- Jun 13, 2024: United States Golf Association patents Systems And Methods For Determining An Optimal Tee On A Golf Course For A Golfer
- Jun 06, 2024: Live Nation Entertainment patents Systems And Methods For Objective-based Scoring Using Machine Learning Techniques
- Jun 06, 2024: Live Nation Entertainment patents Systems And Methods For Objective-based Scoring Using Machine Learning Techniques
- Jan 30, 2024: Carolina FC raises $10 million in funding.
- Jan 30, 2024: Zuffa trademarks "5EIGHT" - Tops as clothing; bottoms as clothing; gloves; clothing jackets; headwear; loungewear; sweatbands; warm up suits
- Jan 30, 2024: Zuffa trademarks "5EIGHT" - Boxing and mixed martial arts equipment
- Jan 29, 2024: Zuffa trademarks "3EIGHT" - Tops as clothing; bottoms as clothing; gloves; clothing jackets; headwear; loungewear; sweatbands; warm up suits
- Jan 05, 2024: Spartan Race raises $8 million in funding.
- Dec 15, 2023: 22 Holdings raises $6 million in funding.
Recent Federal Contracts for Performing Arts, Spectator Sports, and Related Industries
- Apr 02, 2024: POYNTER INSTITUTE FOR MEDIA STUDIES INC (Saint Petersburg, FL) awarded $63,000
- Apr 01, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $13,499
- Mar 29, 2024: SPOTTED PAINT PRODUCTIONS INC (Brooklyn, NY) awarded $49,906
- Mar 29, 2024: NASER, MD ABU (Elk Grove, CA) awarded $38,050
- Mar 28, 2024: MEDIAFRAME OU (Tallinn, HARJUMAA) awarded $5,400
- Mar 28, 2024: ISGANDAROV, BAYRAM (Mechanicsburg, PA) awarded $9,180
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