Arts Promoters Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Arts Promoters Market Analysis
The art promoters market has generated a revenue of over USD 73.146 billion in the current year and is anticipated to register a CAGR of more than 6% for the forecast period.
- The Arts promoters market includes various activities related to promoting and organizing various forms of arts. The arts promoters market is essential as it creates a relationship among artists and performers with audiences. The revenue in the Arts Promoters market is majorly due to ticket sales, sponsorships, merchandise sales, and other related services.
- The independent formats are offering new platforms for new talent to promote their events. Since companies are often averse to taking risks with new talent, artists are making use of social media platforms and are taking charge of their own personal marketing and distribution. Social media platforms have created a new means of connectivity and marketing opportunities for artists.
- With the advent of COVID-19, the global export of art, collector's pieces, and antiques observed a sharp decline, as international transport was significantly at a halt. As the recovery started, the export value further started to increase. With COVID-19, the cancellation of art promotion/exhibition events, operating restrictions, and changing consumer preferences for online art affected the business of art promoters as well.
Arts Promoters Market Trends
Art Exhibitions are Dominating the Market
- Art exhibitions have grown worldwide over the past decade. The growth in interest in visual arts, appreciation for culture, and creativity are making people attend art exhibitions. Globalization has facilitated cultural exchanges between countries. This has led to an influx of international art exhibitions.
- The growth in the tourism industry is also propelling art exhibitions as they are attracting most of the tourists. The collaborations made by schools, universities, and museums to conduct educational exhibitions are also propelling the art exhibitions market.
E- Commerce is Driving the Market
- The promotions made online registered significant growth over the years. Due to the impact of COVID-19, the promotions made through e-commerce sites are on the surge.
- The rise of blockchain-authenticated artwork is having a positive impact on the business of auction houses. With a rise in the use of digital technology, artists from different countries are collaborating and showcasing their team-made products.
- Online sales made it convenient for visitors to register for art exhibitions and other art events. Apart from this, some e-commerce sites provide discount coupons that attract visitors. These are also propelling the online sales of arts.
Arts Promoters Industry Overview
The market studied is moderately fragmented, with the presence of various regional and global players in the market. However, regional players in every country have an advantage in promoting art products in various regional styles and designs. With technological advancements in promotions, the market is expected to register higher growth. The major companies in the market include Gagosian Gallery, Pace Gallery, Hauser and Wirth, White Cube, and Saatchi Gallery, among others.
Arts Promoters Market Leaders
Gagosian Gallery
Pace Gallery
Hauser and Wirth
White Cube
Saatchi Gallery
*Disclaimer: Major Players sorted in no particular order
Arts Promoters Market News
- June 2023: Sulivan Sweetland merged with Maestro Arts, unifying their team and artists under the Maestro Arts banner. The newly formed company, comprised of 20 professionals, is headquartered in the West Wing of Somerset House. Maestro Arts operates as an interdisciplinary agency specializing in strategic and comprehensive career management for a diverse range of world-class international artists.
- August 2022: Art promoter He Miao, the visionary behind the Promoting Art Center (P.Art), introduced a series of online art courses, allowing individuals to explore art galleries and appreciate artworks from the comfort of their own homes. P.Art has cultivated partnerships with numerous prestigious institutions and galleries, fostering the development of art courses and the launch of various art-related activities.
Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increase in Number of Art Promotion and Exhibition Events are Driving the Market
4.3 Market Restraints
4.3.1 Steep Rise in the Global Inflation Rate is Restraining the Market
4.4 Market Opportunities
4.4.1 Digital Innovations are Creating Opportunities for New Entrants
4.5 Insights on Technological Innovations in the Market
4.6 Insights on Diverse Portfolios like Events, Art galleries, Art Exhibitions etc.
4.7 Industry Attractiveness: Porter's Five Forces Analysis
4.7.1 Threat of New Entrants
4.7.2 Bargaining Power of Buyers
4.7.3 Bargaining Power of Suppliers
4.7.4 Threat of Substitutes
4.7.5 Intensity of Competitive Rivalry
4.8 Impact of COVID 19 on the Market
5. MARKET SEGMENTATION
5.1 By Art type
5.1.1 Fine Arts
5.1.2 Antiques
5.1.3 Collectibles
5.1.4 Abstract Art
5.1.5 Digital Art
5.1.6 Other Types
5.2 By Revenue Source
5.2.1 Media Rights
5.2.2 Merchandising
5.2.3 Tickets
5.2.4 Sponsorship
5.3 By Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Rest of North America
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Australia
5.3.3.3 India
5.3.3.4 Japan
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Latin America
5.3.4.1 Brazil
5.3.4.2 Mexico
5.3.4.3 Rest of Latin America
5.3.5 Middle-East and Africa
5.3.5.1 United Arab Emirates
5.3.5.2 Saudi Arabia
5.3.5.3 South Africa
5.3.5.4 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Gagosian Gallery
6.2.2 Pace Gallery
6.2.3 Hauser and Wirth
6.2.4 White Cube
6.2.5 Saatchi Gallery
6.2.6 Centre Pompidou
6.2.7 Tate Modern
6.2.8 Christie's and Sotheby's
6.2.9 Uffizi Gallery
6.2.10 National Gallery
6.2.11 Art Basel
6.2.12 Venice Biennale*
- *List Not Exhaustive
7. MARKET FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Arts Promoters Industry Segmentation
Art promoters work to create and maintain contracts for gaining media coverage and exhibition in galleries and promote artists and their work. They establish contacts with artists to understand their needs and negotiate with agents, gallery managers, and media representatives.
The arts promoter market is segmented by art type (fine arts, antiques, collectibles, abstract art, digital art, and other types), by revenue source (media rights, merchandising, tickets, sponsorship), and by geography (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa).
The report offers market size and forecasts for the arts promoter market in value (USD) for all the above segments.
| By Art type | |
| Fine Arts | |
| Antiques | |
| Collectibles | |
| Abstract Art | |
| Digital Art | |
| Other Types |
| By Revenue Source | |
| Media Rights | |
| Merchandising | |
| Tickets | |
| Sponsorship |
| By Geography | ||||||||
| ||||||||
| ||||||||
| ||||||||
| ||||||||
|
Frequently Asked Questions
What is the current Arts Promoters Market size?
The Arts Promoters Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Arts Promoters Market?
Gagosian Gallery, Pace Gallery, Hauser and Wirth, White Cube and Saatchi Gallery are the major companies operating in the Arts Promoters Market.
Which is the fastest growing region in Arts Promoters Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Arts Promoters Market?
In 2024, the Europe accounts for the largest market share in Arts Promoters Market.
What years does this Arts Promoters Market cover?
The report covers the Arts Promoters Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Arts Promoters Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Arts Promoters Industry Report
Statistics for the 2024 Arts Promoters market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Arts Promoters analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
