Live Performance Theaters in the US - Industry Market Research Report

Acting Up: Further Cuts to Federal Funding Are Anticipated to Hinder Industry Revenue Growth

The Live Performance Theaters industry is dominated by prominent musical productions, which have prospered over the past five years. Still, the nature of the industry allows for various types of live performances that appeal to every consumer preference. Boundless opportunities for artistic innovation have enabled theater operators to maintain relatively stable sales. The COVID-19 pandemic completely upended the industry, though, when theaters nationwide were forced to shut down for over a year. Deserted theaters reversed growth for live performance theaters, with industry revenue falling at a CAGR of 2.5% to $8.7 billion over the past five years, including a 3.9% increase in 2023 alone.

Companies in this industry stage live performances of musicals, operas, plays, comedy, improvisational, mime and puppet shows. This industry includes dinner theaters, which also provide food and drinks.

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.