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Art and Sculpture Market Valuable Growth Prospects and Future Insights till 2025

Mar 1st 2019 at 3:08 AM

Looking at the current market trends as well as the promising demand status of the Art and Sculpture Market, it can be projected that the future years will bring out positive outcomes. This research report added by MRRSE on its online portal delivers clear insight about the changing tendencies across the global Art and Sculpture Market. Readers can gather prime facets connected to the target market which includes product, end-use and application; assisting them to draw conclusions out of this intelligent research report.

Art and sculpture market is transforming from traditional collectibles mind-set to an investment mind-set, and several companies have started mutual funds for art and sculptures. These mutual fund companies invest their customer’s money for around four years and invest in buying profitable art works. These artworks are then sold to obtain substantial ROIs. This has increased the sales in art and sculptures market, as the spending power has altogether increased.

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The market is unregulated in many ways. For instance, art advisors, dealers and galleries don’t need certificates or licenses to operate. At the same time, forgeries, conflicts of interest and undisclosed commissions are a concern for collectors. Increased regulation is often suggested as a means to make the market more transparent and professional. But until then, operating in the art and sculpture market provides opportunity for professionals to settle as competent art advisors.

Macro-economic indicators such as art and sculpture market outlook, gross domestic product and others have been considered to arrive at the indicated market numbers. Bottom-up approach has been used to assess market numbers for global art and sculpture market, while the top-down approach has been used to counter-validate the reached numbers for global art and sculpture market. Historical trends have been analyzed to track the data.  The global art and sculpture market report begins with the definition of the market. Relevance and impact of forecast factors is used to estimate the market. It is followed by an overview of market dynamics which includes Persistence Market Research’s analysis of key trends, drivers, restraints and opportunities which are influencing the development of the global art and sculpture market. Impact analysis of key growth drivers and restraints based on a weighted average model has been included at a regional level in the market report after detailed analysis of individual regions to better equip readers with meaningful insights on ongoing developments in the global art and sculpture market. In the final section of the report is dedicated for the detail profiles of various art and sculpture houses which are also included in the scope of the report to evaluate their long- and short-term strategies, key offerings, SWOT analysis, and recent developments in the global art and sculpture market.

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Market Segmentation

By Product Type

Artifacts (Manuscripts, Decorative art pieces, and others)

Sculptures

By Sales Channel

Auction Houses

Dealers

Galleries

Art Fairs

Online Sales

Retail Outlets

Individual Sales

Artists Studios

Others (consumer-to-consumer, advisors)

By End User

Private Collectors

Museums (Local and International)

Real Estate Developers

Interior Designers

Residential Individual Buyers

Other Professionals (Art Authenticators, Restorers, and Conservators)

By Region

North America

Latin America

Europe

APAC

MEA

Research Methodology

In-depth secondary research is used to determine top industry auction houses, galleries, art fairs, online Platforms, types of products, the end users, overall market size, and buying/selling procedure. We have also developed a list of industry players (Auction houses, Galleries, Art Fairs, Online platforms), distributors, retailers, and industry specialists. Data is validated by triangulation method, in which secondary, primary and Persistence Market Research’s analysis contribute to the final data with the survey accounting for the generalized view through end user perspective. In order to conduct industry expert’s interviews, this market research company has formulated a detailed discussion guide. We have conducted interviews with industry experts, industry players, distributors, and retailers for data collection and verification. The End user survey is also taken in account with some specific focus surveys like for Interior Designer.

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