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Art Dealers in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Art Dealers Market Research Report | NAICS 45392 | Jan 2017

In the picture: Wealthy collectors will purchase artwork again, spurring revenue growth

The Art Dealers market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

Report Snapshot
Industry Statistics & Market Size
Annual Growth 12-17
Annual Growth 17-22
Annual Growth
Industry Threats & Opportunities
  • Improved household expenditure from wealthy consumers will lead to renewed demand
  • Art dealer reduced minimum price guarantees, inventory and advertising to remain stable
  • Positive economic factors will encourage spending on art
  • ... purchase to read more

Industry Analysis & Industry Trends

The Art Dealers industry is composed of art galleries and auction houses that retail limited-edition works of art. The industry is highly fragmented, with most operators having only one to four employees. However, on the opposite end, though smaller in number, the industry also includes multibillion-dollar institutions, such as Sotheby's and Christie's International. Over the five years to 2022, industry revenue is projected to grow. Contemporary art has become a considerable growth segment as the sheer number of traded artworks increases; this trend is not expected to slow... ... purchase to read more

Industry Report - Industry Key Buyers Chapter

The Art Dealers industry is highly fragmented. In 2017, IBISWorld estimates that the industry has 22,956 enterprises, about three-quarters of which are nonemployers, or single-person owner-operators with no formal employees.

Due to the high number of industry participants and difficulties in the long-distance transportation of artwork, no individual player accounts for a sizeable portion of industry revenue. The top two industry operators hold a combined market share of less than 10.0%. Due to the small sizes of the US businesses in this industry, most businesses will continue to maintain only one or two locations throughout the next five years. Add.. ... purchase to read more

Additional Insights for the Art Dealers Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Art Dealers Industry are

  • Having a good technical knowledge of the product
  • Access to rare inputs
  • Ability to effectively communicate and negotiate
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Consumer Confidence Index in the Art Dealers industry impact industry performance... purchase to read more


    Industry ProductsRelated Reports

    What is the Art Dealers Industry?

    This industry includes art galleries and art auction houses that primarily retail original and limited-edition artwork. The companies purchase artwork from an artist or individual owner and then sell the artwork to consumers, with little or no further development of the product. Additionally, auction houses that bring buyers and sellers together and collect a commission are included in the industry.

    Industry Products
    PaintingsDrawingsPrintsSculpturesPhotography and other media
    Industry Activities
    Auctioning off art Retailing art privately Retailing art through galleries

    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Consumer Confidence Index
  • Households earning more than $100,000
  • Trade-weighted index
  • Current Performance
  • International jet-set increases luxury spend
  • Growing opportunities
  • International presence and profit
  • Chart: Revenue Growth
  • Industry Outlook
  • Revenue and profit
  • International auction companies threaten US sales
  • The internet’s impact
  • Enterprise stagnation
  • Table: Art Dealers Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Art Dealers Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Libraries and Archives
  • Museums
  • Historic Sites
  • Hotels & Motels
  • Consumers
  • Key Selling Industries
  • Celebrity & Sports Agents
  • Consumers
  • Historic Sites
  • Museums
  • Performers & Creative Artists
  • Products & Services
  • Paintings
  • Drawings
  • Prints
  • Sculptures
  • Photography and other media
  • Chart: Art Dealers Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Modern art
  • Post-war art
  • 19th century art
  • Contemporary art
  • Old masters
  • Chart: Major Market Segmentation for the Art Dealers Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Art Dealers
  • Basis of Competition
  • Internal
  • External
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Art Dealers Industry
  • Industry Globalization
    Major Companies
    Christie's International
    Sotheby's Holdings Inc.
  • Table: Christie's International - financial performance
  • Table: Sotheby's Holdings Inc. - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Art Dealers Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Art Dealers Industry
  • Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per Capita Disposable Income (2008-2022)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    Auction House
  • A company that sells products by auction. The company does not purchase the merchandise it auctions off, rather it serves as the facilitator of sales for a seller.
  • Hammer Price
  • The price at which a bidder wins an auction lot. It does not include the typical buyer's commission or seller's fee.
  • Old Master Art
  • European paintings created before or around the 1800s. This category includes painters such as Goya and Dresden.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Art Dealers:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Art Dealers market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Art Dealers, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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