Community Associations and Other Interest Groups in Australia Industry Market Research Report Now Updated by IBISWorld
Melbourne, Australia (PRWEB) January 15, 2014 -- The performance of the broad and diverse Community Associations and Other Interest Groups industry in Australia has been mixed over the past five years. While some sectors of the industry have recorded declining income, the variety of organisations and groups that operate in the industry, from small and local clubs to large charities with international arms, has helped stabilise industry revenue. According to IBISWorld industry analyst Sebastian Chia, "a steady rate of government funding has flowed through to the industry in the form of competitive grants and this has enabled many organisations to provide vital services." However, the unstable economic climate in the aftermath of the financial crisis has made fundraising tough. This is the main reason revenue is expected to climb more slowly over the five years through 2013-14 than it did prior to the crisis. Revenue is estimated to increase at an annualised 2.3% over the period, to total $16.0 billion.
Despite some years of low growth, there have been signs of improvement in the industry. Most enterprises have controlled costs well over the past five years, as growth rates have slowed. This has put them in a strong position as donation and giving rates have begun to return to pre-financial crisis levels. "Many organisations have expanded their fundraising arms to take advantage of improved philanthropic giving," says Chia. As well as the industry's estimated 121,300 paid employees, hundreds of thousands of volunteers have helped their associations achieve a broader reach in an industry that is hugely reliant on human capital. In 2013-14, revenue is forecast to increase by 2.1%. The industry displays a low level of concentration, with no operators controlling a significant portion of total revenue.
Real household discretionary income is anticipated to rise over the five years through 2018-19, but business confidence and consumer sentiment - which affect donations - will continue to perform poorly in some years. Despite relatively slow revenue growth, the Community Associations and Other Interest Groups industry' s profit margin is forecast to remain steady as organisations control costs and increasingly use volunteer labour. Many large organisations will develop their suite of services with the aim of attracting younger demographics, which will drive revenue growth in later years.
For more information, visit IBISWorld’s Community Associations and Other Interest Groups report in Australia industry page.
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IBISWorld industry Report Key Topics
Community associations and other interest groups are associations, clubs or organisations that promote community or other interests. These include formal political organisations, environmental groups, community groups, automobile clubs, ethnic social groups and youth groups. Falling outside the industry's definition are sporting clubs, religious groups, business and professional associations and professional interests of labour and union employees such as trade unions.
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About IBISWorld Inc.
Recognised 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 Australian 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 Melbourne, IBISWorld serves a range of business, professional service and government organisations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com.au or call (03) 9655 3886.
Gavin Smith, IBISWorld, +61 396553838, [email protected]
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