Performing Arts Operation in New Zealand - Industry Market Research Report

Performing Arts Operation in New Zealand - Industry Market Research Report
Performing Arts Operation in New Zealand

Revenue in the Performing Arts Operation industry has declined over the past five years. The COVID-19 pandemic has severely affected the industry, as restrictions and lockdowns prevented shows from occurring. Closed borders since early 2020 prevented international acts from performing in New Zealand and local operators from doing national and international tours. However, growth in government funding has somewhat offset this trend during lockdowns. Industry revenue is forecast to decline at an annualised 1.8% over the five years through to 2021-22, to $203.9 million. New Zealand's success in containing the COVID-19 outbreak has allowed operators to open shows in the current year. Despite this, performances have still been limited due to capacity restrictions and the lack of international acts to bolster demand. Industry revenue is expected to increase by 0.8% in the current year.

Industry players provide and produce live theatre, music and dance, such as ballet, opera and circus performances.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.