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Online Art Sales: Market Research Report

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

Online Art Sales Market Research Report | NAICS OD5070 | Oct 2016

Work of art: Rising foreign demand and incomes will drive robust revenue gains

IBISWorld’s Online Art Sales market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Industry Statistics & Market Size
Revenue
$848m
Annual Growth 11-16
5.9%
Annual Growth 16-21
Annual Growth
Profit
Profit
Employment
1,114
Businesses
347
Industry Threats & Opportunities
  • Affluent customers kept the industry afloat while brick-and-mortar stores suffered
  • Online art sale operators have allowed connoisseurs to buy and bid from anywhere in the world
  • Art dealers that have an online presence will cater to customers that prefer e-shopping
  • ... purchase to read more

Industry Analysis & Industry Trends

Online art sales will continue to grow steadily as consumers increasingly use the internet to bid on art auctions. A low trade-weighted index (the measure of the US dollar against foreign currencies) has boosted demand through an increase in overseas art sales. The market for online art sales will continue to benefit from an affluent and global customer base through the next five years, but the double-digit gains in exports exhibited during the beginning of the 21st century will eventually moderate into more stable growth... ... purchase to read more

Industry Report - Starting a New Business Chapter

The level of difficulty in starting an online art sales business is moderate. The industry is highly fragmented with a large number of small and independent players dominating the industry. However, new entrants to the industry will be challenged by a number of factors largely stemming from the lack of name recognition.

More established operators that benefit from solid, positive reputations garner the loyalty of both high-end art collectors and recognized artists, both of which directly determine the economic success of the enterprise. New entrants need to more heavily market and promote their services as well as the artists that exhibit at their sites, in order to attract traffic and increase visitors. New.. ... purchase to read more

Additional Insights for the Online Art Sales Industry

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

  • Ability to control inventory of artwork
  • Ability to quickly adopt new technology
  • Having a loyal customer base
  • IBISWorld analysts also discuss how external factors such as Consumer spending and Number of broadband connections in the Online Art Sales industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Online Art Sales Industry?

    This industry primarily retails or auctions original and limited-edition artwork. Industry players purchase artwork from artists, individual owners and other dealers for resale or auction to consumers with little or no further development of the product. Sales of reproductions are excluded.

    Industry Products
    PaintingsDrawingsSculpturesPhotographyOther mediaPrints
     
    Industry Activities
    Internet art salesOnline art auctionsOnline art fairsOnline art trade and dealing


    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
  • Consumer spending
  • Number of broadband connections
  • Demand from art dealers
  • Demand from e-commerce and online auctions
  • Current Performance
  • Industry demand
  • Technological changes and social media
  • Chart: Revenue Growth
  • Industry Outlook
  • The digital age
  • Tax complications
  • Table: Online Art Sales Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Online Art Sales Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Retail Trade
  • Museums
  • Historic Sites
  • Hotels & Motels
  • Consumers
  • Key Selling Industries
  • Art Dealers
  • Computer Stores
  • Consumers
  • Museums
  • Performers & Creative Artists
  • Products & Services
  • Paintings
  • Prints
  • Photography
  • Drawings
  • Sculptures
  • Other media
  • Chart: Online Art Sales Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Consumers aged 20 to 34
  • Consumers aged 35 to 49
  • Consumers aged 50 to 64
  • Consumers aged 65 and older
  • Chart: Major Market Segmentation for the Online Art Sales 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 Online Art Sales
  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Online Art Sales Industry
  • Industry Globalization
    Major Companies
    Heritage Auctions Inc.
    Christie's International
  • Table: Heritage Auctions Inc. - financial performance
  • Table: Christie's International - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Online Art Sales 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 Online Art Sales Industry
  • Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Consumer spending (2007-2021)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Brick-And-Mortar
  • A business that deals with its customers face-to-face in an office or store that the business owns or rents.
  • E-Commerce
  • A business model that enables a firm to conduct business over the internet through payment transaction systems.
  • E-Tailers
  • Companies that sell goods and services through the internet.

  • 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 Online Art Sales:
    • 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 Online Art Sales 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 Online Art Sales, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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