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US Online Art And Sculpture Market Analysis

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The U.S. online art and sculpture market to reach USD 2.39 billion by 2025
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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”
13 November 2018, The US 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 don’t 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 a ll 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
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• Domestic customers
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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About Us:
Hexa Research is a market research and consulting organization, offering industry reports, custom research
and consulting services to a host of key industries across the globe. We offer comprehensive business
intelligence in the form of industry reports which help our clients obtain clarity about their business
environment and enable them to undertake strategic growth initiatives.
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Hexa Research
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Felton, California 95018
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Phone: +1-800-489-3075
Email: [email protected]
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