Summary
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, Nonprofit Vote, American Association of State Colleges and Universities, HeadCount, Hispanic Association Of Colleges And Universities, Congressional Award Foundation, Atlanta Downtown Improvement District Inc, Society For Public Health Education, National Association Of Government Communicators and Ethics and Compliance Officer Association.
The global civic and social organizations market will grow from $59.56 billion in 2022 to $61.98 billion in 2023 at a compound annual growth rate (CAGR) of 4.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The civic and social organizations market is expected to grow to $70.6 billion in 2027 at a CAGR of 3.3%.
The civic and social organizations market consists of revenues earned by entities that are engaged in promoting the civic and social welfare of their members.The civic and social organizations market includes establishments such as alumni associations, granges, automobile clubs, parent-teacher associations, ethnic associations, fraternal lodges, and scouting organizations.
The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
A civic organization refers to an organization that works on citizen values, good governance, and ethical values for the development of its citizens.Social organizations refer to welfare organizations formed by groups of people with mutual interests to fulfill their social obligations towards society.
These organizations are engaged in promoting the civic and social interests of their members. Establishments in this industry may operate bars and restaurants for their members.
Asia Pacific was the largest region in the civic and social organizations market in 2022.North America was the second largest region in the civic and social organizations market.
The regions covered in the civic and social organizations market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
The main types of civic and social organizations are academia, activist groups, charities, clubs, community foundations, community organizations, consumer organizations, cooperatives, and others.Academia relates to all academics in a region or country, as well as the institutions where they operate and the activities they do.
The different products and services include membership services, prepared meals and beverages, gaming services, rental of nonresidential space, private gifts, grants and donations, government grants and support, and others, and involve various modes of donations such as online, and offline. The several organization locations include domestic and international.
The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).
The revenues for a specified geography are consumption values – that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.
Increasing donations from corporates are driving the civic and social organizations’ market.Sponsorships from corporates are great sources of funding for these organizations to promote and fulfill the needs of society.
These donations include philanthropic, event sponsorship, cause marketing, pro bono, matching gifts, paid release, in-kind gifts, and check-out campaigns.For instance, in April 2021, The Ithaca, a New York-based online fundraising tool for nonprofits assisted over 40,000 organizations in raising over $2 billion.
During civic Giving Days in August 2020, it facilitated a record-breaking $124 million in donations.Moreover, in June 2020, BMO Financial Groups, a financial service provider, announced plans to donate $1 million to several organizations in North America that provide support to social and racial justice, and inclusion.
The increase in donations from corporates is positively impacting the growth of the civic and social organizations market.
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.
The countries covered in the civic and social organizations market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA
The civic and social organizations market research report is one of a series of new reports that provides civic and social organizations market statistics, including civic and social organizations industry global market size, regional shares, competitors with a civic and social organizations market share, detailed civic and social organizations market segments, market trends and opportunities, and any further data you may need to thrive in the civic and social organizations industry. This civic and social organizations market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
