U.S. Online Art And Sculpture Market growth and trend analysis

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U.S. Online Art and Sculpture Market Size, Share,
Industry Analysis Report, Competitive Strategies
and Forescast to 2025 Hexa Research
The U.S. online art and sculpture market size
was valued at USD 1.31 billion in 2017 and is
expected to be worth USD 2.39 billion by 2025
27 December 2018, The U.S. Online Art and
Sculpture Market to reach USD 2.39 billion by
2025, owing to the rise in the number of online
platforms, expansion of existing platforms and
the growing use of internet for procurement
purposes over the forecast period. These days
customer prefer to buy art and sculptures online
not only to save on the travelling costs and time
but also on account of the easy return policies
offered by various online platforms. There is a
certain ease of discovery for the type of art
customers are looking for and they dont have to
wait for a long time to find what exactly they
want, they can just search it online. The
customers can find collectables and art online
which otherwise they cannot discover in a
particular gallery or selling space. With the
improvement in return request policies, enhanced
logistical and supply chain practices, reliable
due diligence such as situation reports and
licenses of authenticity, and growing
transparency is expected to increase the online
sales of art and sculptures all over the country.
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The U.S. online art and sculpture market is
expected to grow significantly owing to the rise
in the use of the internet by the shoppers to bid
on art auctions online. One of the major reasons
is the low trade-weighted index, which is also
the measure of the US dollar compared to other
foreign currencies, and is anticipated to boost
the demand for overseas art sales. The demand for
art and sculptures has grown essentially on
account of the rise in the awareness of
importance to conserve art and major structural
transformations which are mainly triggered by
online buying and globalization. More and more
people these days are interested in obtaining and
purchasing artworks despite of high art prices
which is expected to drive the growth for the
online art and sculpture market. These days with
the rise in transparency, the companies disclose
all the information required by the customers for
art pieces and sculpture such as past prices,
artist reports, and the origin and nature of the
art work which is increasing the buyers
confidence while buying art pieces in the online
art market.
The painting segment dominated the market in 2016
and is expected to maintain its position over
the forecast period. Paintings are the favorite
art piece preferred by the customers to buy as
they attract a lot of attention and are difficult
to be understood at times. The U.S. customers
prefer to buy paintings online as most of the
galleries are not well equipped with all the
expensive original art work. Most of the art
trade happen online or in art fairs on account of
the diminishing use of physical space to display
paintings. It is easier to showcase and display
paintings on an online platform than in an art
gallery. There is also a huge number of audience
online which gets attracted by the original art
works and get tempted to buy them. One of the
major advantages of online art purchasing is that
it saves a lot of time as well as the travelling
cost of the customers and lets them do the
purchasing by just clicking a single button owing
to which there is a rise in the online sales of
the art works by the U.S. customers. It saves a
lot of time and energy in their hectic busy
routines. The art works are majorly purchased by
the domestic as well as foreign customers. The
maximum revenue share is generated by the
purchasing done by domestic clients such as
individuals and small businesses, who are
involved in reselling the paintings and
sculptures.
Hexa Research has segmented the U.S. online art
and sculpture market report based on type and
end- customer
Segmentation by type, 2015 - 2025 Paintings
Drawings and sculptures Others
Segmentation by end customer, 2015 - 2025
Foreign customers
Domestic customers
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Key players analyzed FineArtAmerica.com
Artspace LLC Saatchi Art
Artfinder
Artsy
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Table of Contents of U.S. Online Art and
Sculpture Market
Chapter 1. Executive Summary
Chapter 2. Methodology and Scope 2.1. Research
methodology 2.2. Assumptions
2.3. List of data sources
Chapter 3. Introduction
3.1. Research scope market segmentation
Chapter 4. Online Art and Sculpture Market
Trends Drivers Opportunities 4.1. Key industry
trends
4.1.1. Market drivers
4.1.2. Market Restraints
4.2. Porter's Five Forces analysis
Chapter 5. Online Art and Sculpture Market, By
Type 5.1. U.S. online art and sculpture market
movement, by type, 2017 2025 5.1.1. Paintings
5.1.1.1. Market estimates and forecast, 2015 -
2025 (USD Billion) 5.1.2. Drawings and sculptures
5.1.2.1. Market estimates and forecast, 2015 -
2025 (USD Billion) 5.1.3. Others
5.1.3.1. Market estimates and forecast, 2015 -
2025 (USD Billion)
Chapter 6. Online Art and Sculpture Market
Trends, By End customer 6.1. U.S. online art and
sculpture market movement, by end customer, 2017
2025 6.1.1. Foreign customers
6.1.1.1. Market estimates and forecast, 2015 -
2025 (USD Billion) 6.1.2. Domestic customers
6.1.2.1. Market estimates and forecast, 2015 -
2025 (USD Billion)
Chapter 7. Competitive Landscape
7.1. Company market share analysis, 2017
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7.2. Strategic framework 7.3. Company profiles
7.3.1. FineArtAmerica.com 7.3.1.1. Company
Overview 7.3.1.2. Product Benchmarking 7.3.1.3.
Financial Performance 7.3.1.4. Recent
Initiatives 7.3.2. Artspace LLC
7.3.2.1. Company Overview 7.3.2.2. Product
Benchmarking 7.3.2.3. Financial
Performance 7.3.2.4. Recent Initiatives 7.3.3.
Saatchi Art
7.3.3.1. Company Overview 7.3.3.2. Product
Benchmarking 7.3.3.3. Financial
Performance 7.3.3.4. Recent Initiatives 7.3.4.
Artfinder
7.3.4.1. Company Overview 7.3.4.2. Product
Benchmarking 7.3.4.3. Financial
Performance 7.3.4.4. Recent Initiatives 7.3.5.
Artsy
7.3.5.1. Company Overview 7.3.5.2. Product
Benchmarking 7.3.5.3. Financial
Performance 7.3.5.4. Recent Initiatives 7.3.6.
List of other vendors
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