Dance Competition Promoters in the US Industry Market Research Report Now Available from IBISWorld

• 

IBISWorld Market Research

Exposure to popular dance TV shows is boosting participation in dance competitions

Los Angeles, CA (PRWEB) June 20, 2012

Dance competition promoters are sashaying back into the spotlight after a pause in industry growth. According to IBISWorld industry analyst Agata Kaczanowska, a dip in recreation expenditure and in the number of adolescents, a key demographic, resulted in an industry slowdown early in the five years to 2012. This reduced the amount of ticket and merchandise sales. A 17.4% dip in corporate profit in 2008 also boosted business uncertainty and severely reduced revenue from corporate sponsorships. Therefore, industry revenue is expected to decline at a 1.6% annualized rate from 2007. Nonetheless, successful TV shows, including Dancing with the Stars and Dance Moms, are providing audiences with a glimpse of the competitive dance world, which is contributing to higher participation in industry events. This boosts the number of registrations. High federal funding for creative arts also boosted interest in dance during the past five years, and a strong rebound in recreational spending is supporting industry growth. Consequently, the Dance Competition Promoters industry's revenue is estimated to expand in 2012 to $486.6 million.
Technology is also benefitting dance competition promoters. In the past five years, many businesses shifted to digital systems that automated industry functions ranging from ticket sales and dancer registrations to scheduling and score keeping. This enabled the industry to shed jobs, cutting wage costs over the five years to 2012. Easier-to-use professional cameras and file sharing through social networks and streaming video have also cut marketing costs for industry firms. This is expected to benefit industry profitability during the next five years, says Kaczanowska. The Dance Competition Promoters industry has a low level of market share concentration, with no single player accounting for more than 5.0% of total industry revenue. The industry comprises an estimated 331 firms. Most industry players are small operators that employ fewer than 10 people. Notable dance competition production companies include Starpower Talent Competition, Showstopper American Dance Championships, Nextstar Competition and StarQuest.
Increasing recreational spending and high corporate profit will drive industry revenue during the next five years. An expanding number of adolescents ages 10 to 19 will also increase industry participation, especially as they continue to be exposed to dance competition role models through popular TV shows. As a result, industry revenue is forecast to rise during the next five years. For more information, visit IBISWorld’s Dance Competition Promoters in the US industry report page.

Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld
Friend IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189

IBISWorld industry Report Key Topics

This industry comprises companies that promote competitive dance events. Operators may rent or own event venues and facilities. Dance competition promoters, also referred to as competition production companies, are typically for-profit organizations that produce local, regional, state and national contests that are generally targeted toward specific age groups or styles of dance.

Industry Performance
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
Products & Markets
Supply Chain
Products & Services
Major Markets
Globalization & Trade
Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry
Major Companies
Operating Conditions
Capital Intensity
Key Statistics
Industry Data
Annual Change
Key Ratios

About IBISWorld Inc.
Recognized as the nation’s most trusted independent source of industry and market research, IBISWorld offers a comprehensive database of unique information and analysis on every US industry. With an extensive online portfolio, valued for its depth and scope, the company equips clients with the insight necessary to make better business decisions. Headquartered in Los Angeles, IBISWorld serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.

PDF Print