Australia is an increasingly secular nation. From census to census, the number of Australians who consider themselves religious continues to decline. This trend has continued, despite significant immigration over the period from regions with substantially higher levels of religious adherence. Overall, the decline in adherence to traditional Christian faiths is outstripping growth of adherents to Islam and Eastern religions. As a result, the amount of revenue made by religious groups is set to increase only slightly over the five years through 2014-15 by an annualised 0.5%, through donations from households and non-profit organisations.
The industry consists of religious organisations operated for religious worship or for the promotion of religious activities. The industry includes churches, temples and monasteries. It also includes organisations primarily engaged in administering an organised religion.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.