Arts Market Global Briefing 2018
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
The Business Research Company’s reports are based on the methodology below.
Our datasets are created using a wide range of proprietary and public sources including leading government bodies, associations, trade journals, market intelligence reports and trade magazines. Data is modelled based on hard data, extrapolation, regression analysis based on known macro data inputs, interpolation between hard figures, comparisons with other geographies and markets, price estimations, and qualitative inputs. Data is triangulated within our unique market data model covering an exhaustive list of 200+ markets across 12 countries and 5 regions. Comparable data is used for sanity check and trend analysis. For example our global market value data is compared to unit sales and price data for the relevant market as well as relevant macro-economic datasets in order to establish validity.
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 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
Every year The Business Research Company carries out thousands of interviews with senior executives and industry experts across hundreds of markets. Through these interviews we develop our internal understanding of markets and geographies and cross reference our understanding of global markets with expert feedback utilizing ‘Delphic’ research methodologies.
The Business Research Company prides itself on the quality and validity of its data and analysis. Our unique ‘end noted’ referencing approach allows the user to trace our market numbers and analysis back to the specific data sources they were derived from.
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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