The art market will experience huge growth by 2026

2021-2026 Art Industry Analysis Report

San Francisco, USA, Latest News: Source: Straits Research – Global Art Market Analysis 2021 Forecast to 2029 – Analysis by Type, Application, End User, Industry Vertical and Region ‘in its extensive research report repository. In the first section of the report, the market definition, market overview, product description, product scope, product characterization, and product specification were discussed. We overcome our clients’ problems by recognizing and deciphering only the target group, while simultaneously generating leads with the highest precision.

One of the major factors driving the global art market is the increase in spending on artwork by HNWIs. The number of millionaires in the world has increased 170% since 2000. According to a report from Credit Suisse, there are approximately 36 million millionaires in the world. The growing population of these HNWIs is accelerating the demand for high-end art objects. According to UBS and Arts Economics, 35% of US-based HNWIs were active in the art and collectibles market in 2017.

  • Overview of the main industry players: Art Galleria, ArtBase, ArtBinder, ArtCloud, ArtFundi, Artlogic, Artlook Software, GallerySoft, galerie informatique, Managed Artwork, Masterpiece Manager, My Online Art Gallery, PrimaSoft PC, Primer and Spinnsoft Gallery
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Research methodology : The art market has been analyzed using an excellent mix of secondary reallocations and reference techniques, except for a very unique mix of primary information. The current market assessment is a fundamental part of our industry sizing and forecasting technique. Our business professionals and panel of key contributors helped compile relevant factors with thoughtful parametric reviews for a comprehensive study.

By Category, Art Shop / Picture Shop, Art Gallery, Picture Shop, Appraisers, Art Collectors, Antique Stores, All Other Collectors, Antiques, Jewelry, Comics, Wine, Coins , Stamp

Analysis at the level of artistic countries:

Most of the countries are estimated to emerge as the fastest growing region and hold the largest market share in the global industrial art market.

North America (United States, Canada and Mexico)

Europe (Germany, France, United Kingdom, Russia and Italy)

Asia Pacific (China, Japan, Korea, India and Southeast Asia)

South America (Brazil, Argentina, Colombia etc.)

Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, Nigeria and South Africa)

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Top reasons to buy this report:

  • Detailed information on the key factors influencing the growth of the global Art market (including drivers, restraints, threats, and opportunities) has been provided in this report.
  • It examines micro-markets based on their growth trends, development patterns, future prospects and contribution to the overall market.
  • The report studies the market opportunities for different stakeholders and investors by determining high-end growth segments and sub-segments.
  • The study provides an accurate profile of the major vendors and players operating in the market, based on their rank and core competencies, as well as the determination of the competitive landscape.
  • He studies competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments and expansions in the global art market.

The key questions the report answers:

– What will be the market size and growth rate by the end of the forecast period?

– What are the main industry trends impacting the growth of the market?

– What are the key factors driving and restraining the Art market?

– What are the challenges of market growth?

– What are the market opportunities and threats faced by the major market players?

– Who are the main competitors operating on the Art market?

– What are the main results of Porter’s five forces analysis in the art market?

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