The Civic And Social Organizations Market Is Estimated To Reach $70.6 Billion By 2027 At A CAGR Of 3.3% – Includes Civic And Social Organizations Market Analysis
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Increasing donations from corporates are expected to drive innovation in civic and social organizations manufacturing, thus driving the market during the forecast period.
The global civic and social organizations market is expected to grow from $59.56 billion in 2022 to $61.98 billion in 2023 at a compound annual growth rate (CAGR) of 4.1%. The global civic and social organizations market size is expected to grow to $70.6 billion in 2027 at a CAGR of 3.3%. from $2995.73 billion in 2020 to $3198.95 billion in 2021 at a compound annual growth rate (CAGR) of 6.8%. The market is expected to reach $4341.03 billion in 2025 at a CAGR of 8%.
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- By Type: By Products and Services: Membership Services, Prepared Meals And Beverages, Gaming Services, Rental Of Non-residential Space, Private Gifts, Grants And Donations, Government Grants And Support, Other Products and Services
- By Type: Academia, Activist Groups, Charities, Clubs, Community Foundations, Community Organizations, Consumer Organizations, Cooperatives, Other Types
- By Mode of Donation: Online, Offline
- By Organisation Location: Domestic, International
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global civic and social organizations market in 2021.
Major Market Players in the civic and social organizations market include 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.
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 Civic And Social Organizations Global Market Report 2023 provides a civic and social organizations market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The civic and social organizations market forecast analyzes civic and social organizations market size, civic and social organizations market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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.
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