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National & State Parks in the US - Industry Market Research Report

  • ID: 307566
  • Report
  • March 2020
  • Region: United States
  • 36 pages
  • IBISWorld
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Scenic route: Slow government funding is expected to contribute to sluggish industry revenue growth

FEATURED COMPANIES

  • National Park Service
  • MORE

National & State Parks in the US

The National and State Parks industry has suffered over the five years to 2019 from growing federal and state budget deficits, which have led to inadequate, or in some years reduced, funding for parks, wildlife sanctuaries and other industry services. While some sites have been forced to close due to eroding funds, others have earned revenue by enacting entrance fees, raising existing entrance fees or offering vendor contracts to offset lower budgets. Still, this industry is heavily dependent on investment from public sources and private donors. As a result, over the five years to 2019, IBISWorld expects industry revenue will increase. Over the five years to 2024, the industry is forecast to continue its sluggish growth. However, rising income levels are expected to enable Americans to increasingly travel throughout the country, helping drive foot traffic to parks.

This industry includes public and private establishments that preserve and exhibit nature. It includes national, state and city parks, as well as bird and wildlife sanctuaries, conservation areas and natural wonder tourist attractions such as caves and waterfalls. Industry revenue is based on park budgets, as opposed to park-generated revenue; therefore, it relies heavily on government funding. This industry excludes amusement parks, zoos, botanical gardens, museums and historical sites.

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.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • National Park Service
  • MORE
ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY
Note: Product cover images may vary from those shown
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  • National Park Service
Note: Product cover images may vary from those shown
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