Arts Market Global Briefing 2018

Published - January 2018| Code - MKB126B| Affiliate - TBRC (Publisher)

Report Highlights

Including: Arts, Independent Artists And Performing Art Companies, Sports And Arts Promoters, Museums, Historical Sites, Zoos, And Parks

Covering: Smithsonian Institution, The Paris Opera Ballet, The Metropolitan Opera Association, WWE, The State Hermitage Museum, Cirque du Soleil, Lyric Opera of Chicago, San Francisco Symphony, The Acropolis
Museum, The Australian Ballet

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Data

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Market Numbers –

Market value is defined as the revenues earned by organizations for products and services within the specified market. The break down by geography is revenue generated within the specific industry by organizations in the specified geography, irrespective of where they are produced.

Competitor Market Share Data

The competitor market share data is intended to represent the companies that gain the most revenues from the given market and the percentage share of the market that they hold. If a company derives most of its revenues from the market, its revenues are given in full. If a large part of the company's revenues come from other markets, only the division of the company which operates in this market is included. Where accurate information is not available on the revenues a company generates from the market its market share is not included, however a profile of the company may still be included if it is a significant competitor in the market.

Analysis

Analysis is drawn from our Consultants’ wide range of industry and research experience as well as public and proprietary sources. Consultants are trained in research techniques and ethics by the Market Research Society.

Verification Through Expert Interviews

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Referencing

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Note on Currency Conversions –

All currency conversions are done on the basis of 2016 exchange rates.

The arts industry includes establishments that operate facilities or provide services for cultural, entertainment and recreational interests such as producing live performances or events, and preserving and exhibiting objects of historical interests of patrons.
This industry is further classified as follows – i) Museums, Historical Sites, Zoos, And Parks; ii) Independent Artists, Writers, And Performers; iii) Sports And Arts Promoters and iv) Performing Arts Companies

North America was the largest region in the arts market in 2017, accounting for around 36% market share. This can be attributed to high disposable income and a large population that seeks entertainment through live performances and concerts. Asia Pacific was the second largest region accounting for around 23% market share. Africa was the smallest region accounting for around 3% market share.

The Rise Of Independent Formats
Independent formats are offering new platforms for new talent to promote their music. Since music recording companies are often averse to taking risks with new talent, artists are making use of social media and music streaming platforms and are taking charge of their own personal marketing and distribution. Social media platforms have created a new means of connectivity and marketing opportunity for the artists. For instance, iTunes, Spotify, Pandora, and YouTube are some platforms widely being used by music artists to promote their work.

  • Table 1 : Global Arts Market, Historic Market Size, 2013-2017
  • Table 2 : Global Arts Market, Forecast Market Size, 2017 – 2021
  • Table 3 : Global Arts Market, Split By Region, 2017
  • Table 4 : Global Arts Market, Historic And Forecast Growth Rate, By Region, 2013-2021
  • Table 5 : Global Arts Market, Split By Country, 2017
  • Table 6 : Global Arts Market, Historic And Forecast Growth Rate, By Country, 2013-2021
  • Table 7 : Global Arts Market, Key Competitor Estimated Market Shares, 2017
  • Figure 1 : Global Arts Market, Historic Market Size, 2013-2017
  • Figure 2 : Global Arts Market, Forecast Market Size, 2017 – 2021
  • Figure 3 : Global Arts Market, Split By Region, 2017
  • Figure 4 : Global Arts Market, Historic And Forecast Growth Rate, By Region, 2013-2021
  • Figure 5 : Global Arts Market, Split By Country, 2017
  • Figure 6 : Global Arts Market, Historic And Forecast Growth Rate, By Country, 2013-2021
  • Figure 7 : Global Arts Market, Key Competitor Estimated Market Shares, 2017

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