Global Arts Market Overview And Prospects – Includes Arts Market Of New Orleans
Learn about the global arts market through The Business Research Company, which provides information on arts market size, arts market drivers and restraints, arts market players, the COVID-19 impact on the arts market, and more.
The arts market size is expected to grow from $256.2 billion in 2020 to $534.3 billion in 2025 at a rate of 15.8%. The global arts market size is then expected to grow at a CAGR of 6.9% from 2025 and reach $744.9 billion in 2030.
The increase in the number of independent artists is expected to drive the arts market.
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The arts services market comprises the sales of arts’ services and related goods by entities (organizations, sole traders and partnerships) that operate facilities and/or provide services for cultural, entertainment, education and recreational interests. The arts market covers those entities producing (and housing) live performances, events, preserving and exhibiting objects of art- such as museums or art galleries, being places of historical interest, as well as zoos and botanical gardens. Revenues in this market include entry fees, monies generated from performance ticket sales, membership fees, royalties, educational programs, gift shops, merchandise, private donors, institutional donors and aid from city and state governments along with other sales. The market also includes revenues generated by sports and arts promoters engaged in organizing, promoting, and/or managing live performing arts productions, sports events, and similar events, held in facilities that they manage and operate or in facilities that are managed and operated by others. Only goods and services traded between entities or sold to end consumers are included.
Global Arts Market Segments Include:
By Type: Museums, Historical Sites, Zoos, And Nature Parks And Other Similar Institutions, Independent Artists And Performing Art Companies, Sports And Arts Promoters
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 was the largest region in the global arts market, accounting for 32.6% of the total in 2021.
Many companies operating in the arts sector are increasingly adopting technologies such as augmented reality (AR). Augmented reality superimposes a computer-generated image on a user’s view of the real world. It can offer a new space for artists to express themselves, complement their artworks, or surround their work with interactive experiences. Augmented reality can also be used to develop and use a visual language to communicate artists’ core message or even emotions in a more accessible manner for people with different backgrounds and languages.
TBRC’s Arts Market Report Covers:
Major Market Players: Live Nation Entertainment Inc, Smithsonian Institution, AMC Entertainment Holdings Inc, Cirque du Soleil, Bolshoi Theatre.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Arts Market Report 2022 is one of a series of new reports from The Business Research Company that provides arts market overviews, analyzes and forecasts market size, share, arts market players, arts market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s arts market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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