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Civic And Social Organizations Global Market Report 2021: COVID 19 Impact and Recovery to 2030

Civic And Social Organizations Global Market Report 2021: COVID 19 Impact and Recovery to 2030

  • May 2021
  • 175 pages
  • ID: 6071790
  • Format: PDF
  • The Business Research Company

Summary

Table of Contents

Major players in the civic and social organizations market are The Boy Scouts of America, Boys and Girls Club of America, The Young Men’s Christian Association, Rotary Club, Beacon Hill Civic Association Community Corner, Lions Club International, Civic Nation, Campus Vote Project, Andrew Goodman Foundation, and Nonprofit Vote.

The global civic and social organizations market is expected to grow from $77.67 billion in 2020 to $80.88 billion in 2021 at a compound annual growth rate (CAGR) of 4.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $100.16 billion in 2025 at a CAGR of 5.5%.

The civic and social organizations market consists of sales of civic and social services by entities (organizations, sole traders, and partnerships) that are engaged in promoting the civic and social interests of their members.Establishments in this industry may operate bars and restaurants for their members.

Only goods and services traded between entities or sold to end consumers are included.

Developing applications to engage the youth in sharing community issues is a major trend in the civic and social organizations market.For instance, Be the Change, a civic engagement application created by an alumna of Pitt and the University of Oxford in 2020 enables college students, who are busy with their lives, to involve in civic activities through a mobile interface.

This application will help the members to talk about the issues faced in their respective communities. It also helps college students be affected by loans and get access to mental healthcare.

Increasing donations from corporates is driving the civic and social organizations market.Sponsorships from corporates are great sources of funding for these organizations to promote and fulfil the needs of society.

These donations come in various forms such as philanthropic, event sponsorship, cause marketing, pro bono, matching gifts, paid release, in-kind gifts, and check-out campaigns.For instance, in June 2020, BMO Financial Groups, a financial service provider, announced plans to donate $1 million to a number of organizations in North America that provide support to social and racial justice, and inclusion.

In May 2018, it had donated $1 million to Youth Fusion, a charity for the youth that helps develop the youth.This program includes weekly activities for over 5,000 Inuit and First Nations youths and support for young indigenous students.

The increase in donations from corporates is positively impacting the growth of the civic and social organizations market.

The civic and social organizations market covered in this report is segmented by products and services into membership services; prepared meals and beverages; gaming services; rental of non-residential space; private gifts, grants and donations; government grants and support; others and by type into academia; activist groups; charities; clubs; community foundations; community organizations; consumer organizations; cooperatives; others.

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