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Museums, Historical Sites, Zoos, And Parks Market Outlook 2025-2034: Key Trends, Growth Drivers, and Market Share
What combination of drivers is leading to accelerated growth in the museums, historical sites, zoos, and parks market?Augmented reality (AR) technology, a blend of digital data with the user's immediate surroundings, is being embraced by art coordinators, museums, and zoos to produce tangible experiences for their patrons. It is currently exploited as an instrument to both educate and amuse audiences, by crafting a visual tour guide and exhibiting 3D content within the scope of a real-world camera perspective. For example, the Cleveland Museum of Art is utilizing this technology to grant users the ability to interact with, and obtain the most up-to-date and detailed data about, every art item in the museum. Meanwhile, the Acropolis Museum in Athens, Greece, has used AR technology to animate their collection of sculptural and architectural remnants.
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What is the projected compound annual growth rate (CAGR) of the museums, historical sites, zoos, and parks market from 2025 to 2034, and what factors influence it?
In recent times, the market size for museums, historical sites, zoos, and parks has been on a steady uptick. The market, which was worth $92.47 billion in 2024, is anticipated to rise to $97.08 billion in 2025, marking a compound annual growth rate (CAGR) of 5.0%. The growth observed during the historical period is linked to factors such as increased cultural interest, educational initiatives, government support, conservation activities, and infrastructural development.
The market size of museums, historical sites, zoos, and parks is predicted to experience consistent growth in the upcoming years. The market is forecasted to reach $117.09 billion in 2029, with a compound annual growth rate (CAGR) of 4.8%. Factors contributing to this expected growth during the forecast period include sustainability measures, tailored experiences, collaborations between the public and private sector, inclusive accessibility, and the impact of worldwide events. Notable trends for the projected period include adaptation to new technologies, assimilation of digital experiences, technological incorporation, enhancing digital accessibility, and emphasis on outdoor experiences.
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How are the latest trends influencing the growth of the museums, historical sites, zoos, and parks market?
Museums and art galleries are increasingly implementing pre-recorded audio guides as a substitute for traditional guides, allowing visitors exposure to added, improved, and impartial data. Guests are equipped with multimedia content dispensers such as headphones, earphones, or headsets, and audio guides featuring pre-recorded audio files in their chosen language. These audio guides also serve as an additional income source for the hosts. They come in multiple languages and translations and can be used by numerous people at any given time. These guides can enhance the visitor experience, boost accessibility, and offer supplementary and precise details with the goal to educate visitors in an unbiased manner. For instance, the Louvre Museum in France, which attracts 8 million guests annually, has adopted audio guides to engage with content about artwork. Other institutions providing pre-recorded audio guides to their visitors include the British Museum in England, the San Francisco Museum of Modern Art, and the Auckland War Memorial Museum in New Zealand.
What are the major segments of the museums, historical sites, zoos, and parks market and their role in driving growth?
The museums, historical sites, zoos, and parks market covered in this report is segmented -
1) By Type: Museums, Historical Sites, Zoos & Botanical Gardens, Nature Parks and Other Similar Institutions
2) By Revenue Source: Tickets, Food and Beverages, Other Revenue Sources
3) By Visitors' Age Group: Below 25 Years, 25 to 39 Years, 40 to 59 Years, 60 to 74 Years, 75 Years and Above
4) By Visitors' Gender: Male, Female
Subsegments:
1) By Museums: Art Museums, Science Museums, Children's Museums, History Museums
2) By Historical Sites: Heritage Sites, Archaeological Sites, Memorials and Monuments
3) By Zoos & Botanical Gardens: Zoos, Aquariums, Botanical Gardens, Wildlife Parks
4) By Nature Parks and Other Similar Institutions: National Parks, Wildlife Reserves, Nature Preserves, Eco-Tourism Parks
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Which regions are key players in the growth of the museums, historical sites, zoos, and parks market?
North America was the largest region in the museums, historical sites, zoos, and parks market in 2024. Eastern Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the museums, historical sites, zoos, and parks market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the museums, historical sites, zoos, and parks market?
Major companies operating in the museums, historical sites, zoos, and parks market include The Metropolitan Museum of Art, National Gallery of Art, Krusger, Smithsonian Institution Washington D.C., Musei Vaticani, The American Museum of Natural History, Museum of Science and Industry, Georgia Aquarium, Museum of Fine Arts Boston, The Art Institute of Chicago, Woodland Park Zoo, Zoological Garden of Berlin, Los Angeles County Museum of Art (LACMA), The Museum of Modern Art, Museo Nacional del Prado, British Museum, The State Hermitage Museum, National Museum of China, Musée du Louvre, National Museum of Natural History, National Air and Space Museum, Tokyo National Museum, Musée d'Orsay, Rijksmuseum, National Palace Museum, National Museum of the Philippines, Shanghai Museum, National Museum of Korea, Smithsonian's National Zoo, ZooParc de Beauval, Schloss Schönbrunn
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What Is Covered In The Museums, Historical Sites, Zoos, And Parks Global Market Report?
•Market Size Forecast: Examine the museums, historical sites, zoos, and parks market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the museums, historical sites, zoos, and parks market for a structured understanding.
•Key Players Overview: Analyze major players in the museums, historical sites, zoos, and parks market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the museums, historical sites, zoos, and parks market.
•Segment Contributions: Evaluate how different segments drive overall growth in the museums, historical sites, zoos, and parks market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the museums, historical sites, zoos, and parks market.
•Industry Challenges: Identify potential risks and obstacles affecting the museums, historical sites, zoos, and parks market.
•Competitive Landscape: Review strategic developments in the museums, historical sites, zoos, and parks market, including expansions, agreements, and new product launches.
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