Museums Industry

NAICS: 71211

Museums Market Share: Largest Companies in the Museums Industry

Company	Headquarters	Revenue ($ MM)
MINNESOTA HISTORICAL SOCIETY	Saint Paul, MN	100
CROSSWATER CANYON	Petersburg, KY	84
NEW YORK HALL OF SCIENCE	Corona, NY	57
JOHN HUTCHINGS MUSEUM	Lehi, UT	40
PLIMOUTH PLANTATION	Plymouth, MA	36
ARMAND HAMMER MUSEUM OF ART & CULTURAL CENTER	Los Angeles, CA	35
GPH INVESTORS	New York, NY	34
GEORGIA MUSEUM	Cartersville, GA	32
ST LOUIS SCIENCE CENTER FOUNDATION	Saint Louis, MO	30
DAYTON HISTORY	Dayton, OH	26
MUSEUM HOLDINGS	Saint Louis, MO	26
1231 MARKET STREET OWNER	New York, NY	24
NORTH CAROLINA MUSEUM OF LIFE & SCIENCE	Durham, NC	22
MUSEUM OF CITY OF NEW YORK	New York, NY	20
STUHR MUSEUM OF PRAIRIE PIONEER	Grand Island, NE	20
CREATIVE DISCOVERY MUSEUM	Chattanooga, TN	19
AUSTIN CHILDRENS MUSEUM	Austin, TX	19
QUEENS MUSEUM OF ART	Queens, NY	18
FERNBANK	Atlanta, GA	17

This is a list of the largest companies active in the Museums industry. This differs from market share in the following example: One business with revenues of $100 million generates 10% of its business from the Museums industry. A second firm, with revenues of $20 million, generates all of its business from this industry. In our list, we show the businesses having revenues of $100 million and $20 million, respectively. However, the market share would compare the $10 million in industry-specific revenue to the $20 million: the second company has twice the market share even though it is "smaller" in size.

Growth: Fastest Growing Museums Companies

A list of competitors in the Museums industry that are rapidly expanding. Businesses may grow organically or through acquisition. Typically, small or midsized companies are in "growth" mode and can expand more rapidly. However, large businesses may have the strategy and financial capabilities to scale rapidly. Businesses that employ a "roll-up" strategy make multiple acquisitions of smaller businesses to form a single large corporation that controls a greater market share than its competitors and benefits from economies of scale.

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Small Business Financing

Small businesses that have received financing may expand soon. Financing may be required for capital-intensive investments, such as real estate or equipment purchases. Museums businesses may use the financing to cover startup expenses or the costs of hiring new employees. Loans differ from equity investments in the level of risk that is expected: loans frequently have collateral either directly or implicitly through the business or the owners that ensure repayment. Equity investment has the possibility for much greater returns, but offers no guarantee the principle will be repaid. Convertible securities combine the two concepts, but is used by private-equity firms rather than main street startups.

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Venture Funding

These Museums companies are actively raising capital from venture capital firms, private equity, or other investors. Businesses with venture funding generally have higher growth prospects, either through bringing new concepts to market, using innovative business practices, or savvy management.

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