Performing Arts Venues in Australia - Industry Market Research Report

Performing Arts Venues in Australia - Industry Market Research Report
Performing Arts Venues in Australia

The Performing Arts Venues industry has faced significant economic setbacks from the COVID-19 pandemic. Before the pandemic, industry venues benefited from solid growth in demand from music and theatre production companies. The COVID-19 pandemic prompted state and federal governments to introduce strict restrictions to contain the spread, including measures to curb large indoor gatherings. These restrictions forced industry players to close their venues for a significant portion of 2020-21. During intermittent periods of relaxed restrictions in 2020-21, performing arts venues had to operate at limited capacities, as the number of patrons allowed within an indoor venue was restricted. Revenue for performing arts venues is expected to dwindle by an annualised 3.5% over the past five years, to total an estimated $941.9 million in 2022-23, when revenue is anticipated to surge by 8.7%.

The industry operates venues for performing arts rehearsals and presentations, including concerts, music, opera and theatre. The industry excludes motion picture theatres.

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.