Industrial, Manufacturing & Heavy Industry Market News

Art and sculpture market set to hit US$ 24,632.1 mn by 2025

Industrial Market Research

According to forecasts, the global art and sculpture market was valued at US$ 8,640.0 Mn in 2016 and is projected to reach US$ 24,632.1 Mn by 2025 end.

A new report published by Persistence Market Research titled “Art and Sculpture Market: Global Industry Analysis (2012 to 2016) and Forecast (2017–2025)” tracks the growth of the global art and sculpture market for the eight year period 2017 – 2025. The market is segmented by product type, sales channel, end user and region.

According to the report forecast, the global art and sculpture market Make an Inquiry about this news is expected to witness high revenue growth during the forecast period.

This growth is attributed to an increased awareness about art products as an investment and not just another decorative piece.

Access Report with Table of Contents @…lpture-market/toc Make an Inquiry about this news

It is difficult to predict the direction of the global market, as there are several macroeconomic factors that could have an impact on the market in the coming years.There is a great risk of business in regions such as U.S, Brazil and Germany, which could impact the global market.

The art and sculpture market witnesses strong demand for best quality art and collectibles

36% of the 400 private bankers and wealth advisors suggested that there will be increasing client demand for servicing this particular asset class.

Access Report @…ple-chapter/20695 Make an Inquiry about this news

The total number of ultra-wealthy individuals is predicted to rise by 41% to 263,500 by 2025. The predicted growth rate varies widely on a regional basis, and the emerging economies are leading the way.

A growing demand for quality art pieces can be expected from this class of the population.

Product type segment is classified into artifacts that include manuscripts, decorative art pieces, and others. The sculpture segment holds a high market share and is estimated to grow significantly during the forecast period.

Sculptures are typically sold along with paintings and this is increasing the customer base for sculptures.

On the basis of sales channel type, the global art and sculpture market is segmented into auction houses, dealers, retail outlets, and individual sales. Dealers segment is sub-segmented into galleries, art fairs and online sales, while individual sales segment is further segmented into artist’s studio and others that includes consumer-to-consumer and advisors.

Revenue growth and market share of the dealers segment is expected to remain high during the study period.

Private collectors, museums (local and international), real estate developers, interior designers, residential individual buyers and other professionals (art authenticators, restorers, and conservators) are some of the end users of art and sculptures. Most of the regions in the world are influenced by the U.S.

perspective of art and sculpture and are either moving or changing their perspective for art. This has enhanced the significance for private collectors, thereby boosting market share of this segment.

Access full report @ Make an Inquiry about this news

Five regions such as North America, Latin America, Europe, APAC and MEA have been covered in this report. In terms of value, North America market is projected to be the most attractive regional market for art and sculpture during the forecast period.

The Europe art and sculpture market is anticipated to register steady increase in Y-o-Y growth rates throughout the forecast period. In terms of value, Europe is expected to expand at a CAGR of 10.6% during the forecast period.

Access Sample Report @ Make an Inquiry about this news

This report provides detailed profiles of the key market players such as Sotheby’s, Christie’s, Bonham's 1793 Limited, Phillips Auctioneers LLC, China Guardian Auctions Co Ltd., Frith sculpture, Sculptured arts studio, WorldArtCommunity, Pundole’s, Bid & Hammer, and AstaGuru.

More details @…ch-664120793.html Make an Inquiry about this news

News From

Persistence Market ResearchPersistence Market Research
Category: Market Research Publishers and RetailersCompany about: Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intel ...
This email address is being protected from spambots. You need JavaScript enabled to view it.

For more information:

Make an Inquiry about this report HERE!