Market Size of Arts Promoters Industry
| 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 |
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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.
