Art and Sculpture Market Is Estimated To Translate To A Revenue Of US$ 24,632.1 Mn By 2025 According To Market Forecast
Verfasser: yogesh on Monday, 10 December 2018A 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 was valued at US$ 8,640.0 Mn in 2016 and is projected to reach US$ 24,632.1 Mn by 2025 end. The market 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.
Global Art and Sculpture Market: Important Facts
• 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