Museums, Historical Sites, Zoos, And Parks Market Size
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 101.06 Billion |
| Market Size (2029) | USD 133.09 Billion |
| CAGR (2024 - 2029) | 5.66 % |
| Fastest Growing Market | Europe |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Museums, Historical Sites, Zoos, And Parks Market Analysis
The Museums, Historical Sites, Zoos, And Parks Market size is estimated at USD 101.06 billion in 2024, and is expected to reach USD 133.09 billion by 2029, growing at a CAGR of 5.66% during the forecast period (2024-2029).
A museum functions as a repository for priceless artifacts, including historical relics and artworks, offering public access for research and exhibition purposes. These establishments serve various objectives, such as providing leisure activities, supporting academic study, and enriching the cultural life of communities. Additionally, museums contribute to tourism promotion and the dissemination of ideological concepts.
Historical sites, also known as heritage sites, preserve relics of social, political, or military significance, often receiving legal protection and official national historic designations. These sites encompass structures, locations, or settings deemed historically important, typically aged at least 50 years.
Zoos provide habitats for wild animals, serving purposes such as research, conservation, and public education. National parks are governmental reserves dedicated to preserving natural environments, crucial for biodiversity conservation and outdoor recreation, offering visitors opportunities to appreciate and learn about nature's wonders.
Efforts are continuously made to enhance visitor experiences, including the development of digital resources and service platforms. Digital initiatives allow individuals to explore collections online, ensuring accessibility and engagement, particularly for students who may not have the opportunity to visit in person.
Museums, Historical Sites, Zoos, And Parks Market Trends
Growing Significance of Museums in Cultural Heritage Preservation and Tourism
The surge in the number of museums worldwide underscores the growing recognition of cultural heritage's significance and the pivotal role museums play in its preservation and promotion. Art and history museums, in particular, are widely regarded as the bedrock of the cultural and historical preservation landscape. As museums increasingly morph into tourist magnets, cities and regions are channeling investments into new museum projects, aligning them with their broader tourism strategies. Consequently, we witness a proliferation of international museums and expansions of established ones to cater to the rising visitor footfall.
The global museum landscape spans a wide spectrum, encompassing everything from niche, specialized collections to grand, all-encompassing institutions like Paris's Louvre Museum and New York City's Metropolitan Museum of Art. Art, history, science, natural history, technology, and archaeology museums are just a few examples of the diverse museum typologies.
Beyond their collections and exhibitions, museums offer a rich tapestry of educational and interpretive programs. These include guided tours, lectures, workshops, and interactive exhibits, enabling visitors to delve deeper into their surroundings and forge meaningful connections with the showcased artifacts.
North American Market for Museums, Historical Sites, Zoos, and Parks, a Pillar of Cultural, Educational, and Recreational Landscape
The North American market for museums, historical sites, zoos, and parks is a vibrant and multifaceted sector, playing a pivotal role in shaping the region's cultural, educational, and recreational fabric. These attractions, drawing tourists, locals, and school groups alike, offer a diverse array of experiences and educational avenues.
Museums in North America span a wide spectrum of themes, from art and history to science and technology. Leading cities across the continent house globally renowned institutions like New York City's Metropolitan Museum of Art, Washington, D.C.'s Smithsonian Institution, and Chicago's Art Institute, collectively attracting millions of visitors each year. These museums not only enrich the cultural landscape but also preserve heritage and foster public education through their exhibitions, collections, and programs, showcasing a multitude of perspectives and narratives.
Historical sites in North America weave a tapestry of heritage, comprising landmarks, monuments, and UNESCO World Heritage Sites that commemorate pivotal events, figures, and eras. Ranging from colonial settlements and revolutionary battlefields to indigenous heritage sites, these attractions offer visitors a chance to delve into the past, explore diverse cultures, and partake in immersive experiences that breathe life into history.
Parks and recreational areas in North America encompass a vast range, from national and state parks to urban green spaces and botanical gardens. These locales, like Yellowstone and the Grand Canyon, or urban gems like New York City's Central Park and San Francisco's Golden Gate Park, provide idyllic settings for outdoor recreation, relaxation, and leisure activities such as picnicking, hiking, and biking.
Museums, Historical Sites, Zoos, And Parks Industry Overview
The market is expected to be Concentrated with the presence of a large number of players. Some of the major players present in the market are the Smithsonian Institution, Washington, D.C., The State Hermitage Museum, Krusger, the Zoological Garden of Berlin, The American Museum of Natural History, the National Museum of China, and the British Museum, among others. The market is expected to remain competitive over the forecasted period.
Museums, Historical Sites, Zoos, And Parks Market Leaders
Smithsonian Institution
Zoological Garden of Berlin
National Museum of China
American Museum of Natural History
State Hermitage Museum
*Disclaimer: Major Players sorted in no particular order
Museums, Historical Sites, Zoos, And Parks Market News
- In March 2023, Young V&A announced, it will open its doors in Bethnal Green on Saturday 1 July - in time for the summer holidays!, after a project that has seen it be transformed from its former iteration as the V&A Museum of Childhood.
- In March 2023, The Columbus Zoo and Aquarium and The Wilds, its wildlife conservation center, announced a capital spending program to stretch over the next 12 to 18 months. Projects include improvements to animal well-being, enhance guest experiences, and additional lodging. Approximately $32.5 million is set aside for the redevelopment of the North American region.
Museums, Historical Sites, Zoos, And Parks Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Popularity of Museums, Historical Sites, Zoos and Park is driving the Market Growth
4.2.2 Digitalized Experiences is Driving the Market
4.3 Market Restraints
4.3.1 Distinct institutional cultures and values
4.3.2 Adapting to the changes in technology is tough for the Institutions
4.4 Oppurtunties
4.4.1 Use of AI in the Museums, Historical Sites, Zoos, and Park
4.4.2 Packaged Tourism with different offers.
4.5 Value Chain Analysis
4.6 Industry Attractiveness - Porters' Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitutes
4.7 Insights of Technology Innovations in the Market
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Museums
5.1.2 Historical Sites
5.1.3 Zoos And Botanical Gardens
5.1.4 Nature Parks
5.1.5 Other Similar Institutions
5.2 By Revenue Source
5.2.1 Tickets
5.2.2 Food And Beverages
5.2.3 Other Revenue Souces
5.3 By Geography
5.3.1 North America
5.3.2 Europe
5.3.3 Asia-Pacific
5.3.4 South America
5.3.5 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 KEY COMPANY PLAYERS
6.2.1 Smithsonian Institution, Washington, D.C.
6.2.2 The State Hermitage Museum
6.2.3 The American Museum of Natural History
6.2.4 Krusger
6.2.5 Zoological Garden of Berlin
6.2.6 National Museum of China
6.2.7 British Museum
6.2.8 The Museum of Modern Art (MoMA)
6.2.9 Vatican Museums
6.2.10 Uffezi Galleries
6.2.11 Le Louvre
6.2.12 Metropolitan Museum of Art*
6.3 MARKET FUTURE TRENDS
6.4 DISCLAIMER AND ABOUT US
Museums, Historical Sites, Zoos, And Parks Industry Segmentation
A museum is a place where a great deal of one-of-a-kind and priceless goods, like historical artifacts or pieces of art, are maintained, examined, and presented to the general public. An official location where artifacts from social, political, or military history have been preserved for cultural heritage purposes is referred to as a historic site or heritage site. A zoo is a collection of wild animals kept in a park or garden for research, conservation, or public display, whereas a national park is a government-designated area set aside for environmental preservation. Museums, Historical Sites, Zoos, And Parks report will cover insights into the Museums, Historical Sites, Zoos, And Parks sector in the world, drivers, and restraints of the market. The report will also cover information on some of the major players active globally.
Museums, historical sites, zoos, and parks are segmented by type, by revenue source, by geography. By type, the market is sub-segmented into museums, historical sites, zoos and botanical gardens, nature parks, and other similar institutions. By revenue source, the market is sub-segmented into tickets, food and beverages, and other revenue sources, and by geography market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle-East and Africa. The market sizes and forecasts for museums, historical sites, zoos, and parks are provided in value (USD) for all the above segments.
| By Type | |
| Museums | |
| Historical Sites | |
| Zoos And Botanical Gardens | |
| Nature Parks | |
| Other Similar Institutions |
| By Revenue Source | |
| Tickets | |
| Food And Beverages | |
| Other Revenue Souces |
| By Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| South America | |
| Middle-East and Africa |
Museums, Historical Sites, Zoos, And Parks Market Research Faqs
How big is the Museums, Historical Sites, Zoos, And Parks Market?
The Museums, Historical Sites, Zoos, And Parks Market size is expected to reach USD 101.06 billion in 2024 and grow at a CAGR of 5.66% to reach USD 133.09 billion by 2029.
What is the current Museums, Historical Sites, Zoos, And Parks Market size?
In 2024, the Museums, Historical Sites, Zoos, And Parks Market size is expected to reach USD 101.06 billion.
Who are the key players in Museums, Historical Sites, Zoos, And Parks Market?
Smithsonian Institution, Zoological Garden of Berlin, National Museum of China, American Museum of Natural History and State Hermitage Museum are the major companies operating in the Museums, Historical Sites, Zoos, And Parks Market.
Which is the fastest growing region in Museums, Historical Sites, Zoos, And Parks Market?
Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Museums, Historical Sites, Zoos, And Parks Market?
In 2024, the North America accounts for the largest market share in Museums, Historical Sites, Zoos, And Parks Market.
What years does this Museums, Historical Sites, Zoos, And Parks Market cover, and what was the market size in 2023?
In 2023, the Museums, Historical Sites, Zoos, And Parks Market size was estimated at USD 95.34 billion. The report covers the Museums, Historical Sites, Zoos, And Parks Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Museums, Historical Sites, Zoos, And Parks Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Museums, Historical Sites, Zoos, And Parks Industry Report
Statistics for the 2024 Museums, Historical Sites, Zoos, And Parks market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Museums, Historical Sites, Zoos, And Parks analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
