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2024 U.S. Industry Statistics & Market Forecast - Business Associations


Market Size & Industry Statistics

The total U.S. industry market size for Business Associations: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics        2019        2020        2021        2022        2023
Market Size
(Total Sales/Revenue)


Order at top of page
Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Average Revenue Per Employee
Statistics Source: U.S. Census, AnythingResearch Analysis of Federal Data



Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.





Forecast / Industry Outlook 2024 2025 2026 2027 2028
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Industry Insights

The Business Associations industry is experiencing several key trends that are influencing its operations. One major trend is the rise of digital technology, which has led to the creation of online communities and platforms that facilitate communication and collaboration. Business associations are increasingly using these platforms to connect with members and stakeholders and to provide valuable resources and information.

Another important trend is diversification and specialization. Many business associations are expanding their scope beyond traditional business issues and focusing on niche areas such as sustainability, social responsibility, and diversity and inclusion. This trend reflects the growing importance of social and environmental issues in the business world and the need for business associations to adapt to these changes.

The industry is also experiencing an increasing focus on innovation and entrepreneurship. Many business associations are providing support for startups and small businesses, including mentorship, funding, and access to resources. This trend reflects the growing importance of innovation in the economy and the need for business associations to support new and emerging businesses.

Finally, the Business Associations industry is experiencing a shift towards collaboration and partnership. Many associations are working together to address common challenges and to leverage their collective resources. This trend reflects the need for business associations to collaborate and share knowledge and resources in order to achieve shared goals and advance the interests of their members.



Product & Services Breakdown

Research products and services in the Business Associations industry generating sales. Note that products are broken into categories with different levels of classification.

Product DescriptionNumber of Companies Sales ($ millions) Percent of Total Sales

Industry Total

Advertising Revenues

Membership Services

Membership Services - Business And Professional Association

Other Membership (Including Religious Congregation) Services

Publishing Directories, Periodicals, And Books

Training Services, Membership Organization Activities

Testing And Examination Services

Organizing Seminars, Conferences, Trade Shows, And Other Special Events

Ticket Sales (Or Event Admissions)

Licensing Of Rights To Use Intellectual Property

Licensing Of Rights To Use Intellectual Property Protected By Trademark

Rental Of Non-Residential Space In Buildings Or Other Facilities

All Other Receipts

All Other Operating Receipts

Contributions, Gifts, And Grants - Government

Contributions, Gifts, And Grants - Private

Investment Income, Including Interest And Dividends

Program Service Revenue Including Government Fees And Contracts

All Other Revenue



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Net Income
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Business Associations company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Business Associations industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Business Associations measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 19%

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Top Executives 10%
Chief Executives1%
General and Operations Managers 9%
General and Operations Managers9%
Business and Financial Operations Occupations 28%
Business Operations Specialists 25%
Human Resources Workers 13%
Labor Relations Specialists 12%
Arts, Design, Entertainment, Sports, and Media Occupations 6%
Media and Communication Workers 5%
Office and Administrative Support Occupations 22%
Secretaries and Administrative Assistants 7%
Secretaries and Administrative Assistants 7%
Secretaries and Administrative Assistants, Except Legal, Medical, and Executive 5%
Other Office and Administrative Support Workers 5%
Source: Bureau of Labor Statistics


Business Associations Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Business Associations industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Business Associations industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Innovators:
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators:
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Business Associations industry.
Source:
IncFact




Innovation News



Recent Federal Contracts for Business Associations

  • Feb 20, 2024: EVIDENCE FOR HEALTHCARE IMPROVEMENT (Boston, MA) awarded $20,000
  • Feb 14, 2024: VIRGINIA ASPHALT ASSOCIATION, INCORPORATED (Henrico, VA) awarded $12,500
  • Feb 09, 2024: WORLD TRADE CENTERS ASSOCIATION, INCORPORATED (New York, NY) awarded $12,500
  • Feb 07, 2024: UNIVERSITY CORPORATION FOR ADVANCED INTERNET DEVELOPMENT (Washington, DC) awarded $184,895
  • Feb 05, 2024: ASSOCIATION OF ACADEMIC HEALTH SCIENCES LIBRARIES (Seattle, WA) awarded $143,000
  • Jan 25, 2024: ASSOCIATION OF SMALL BUSINESS DEVELOPMENT CENTERS (Burke, VA) awarded $197,200