|Last Quarterly Update:||10/31/2016|
|SIC Codes:||7999, 8412, 8422|
|Industry Overview||Trends & Challenges||Industry Forecast|
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Companies in this industry operate museums, historical sites, zoos, botanical gardens, parks and other institutions focused on preserving and exhibiting works of cultural or natural significance. Major US museums include the Smithsonian (National Museum of Natural History, National Museum of American History, and National Air and Space Museum), the Metropolitan Museum of Art, the American Museum of Natural History, and the National Gallery of Art. Top US zoos include San Diego Zoo, Lincoln Park Zoo (Chicago), and St. Louis Zoo.
Major institutions based outside the US include the Musée du Louvre in Paris; Beijing's National Museum of China; and London's British Museum, National Gallery, and Tate Modern. The International Council of Museums estimates that there are about 55,000 museum establishments in more than 200 countries worldwide. This industry also includes an estimated 10,000 zoos and aquariums, according to the Association of Zoos and Aquariums.
The US museums, zoos, and parks industry includes about 7,500 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $15 billion. Establishments in the US industry include about 5,000 museums, 1,100 historical parks, 600 zoos and botanical gardens, and 625 nature parks and other similar institutions.
Most institutions in the industry are nonprofits. Historical sites and parks are often operated by federal, state, local, and tribal government entities.
Demand is partly linked to growth in local income and to tourist ...
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