UK Fine Art Market Size, Share, Growth & Industry Trend 2031
UK Fine Art Market Size, Share, Growth & Industry Trend 2031
Segments - UK Fine Art Market by Type (Drawing [Charcoal, Chalk, Pastel, Pencil, Others]), (Painting, Sculpture [Encaustic Painting, Tempera Painting, Oil Painting, Others]), (Print Making [Engraving, Etching, Lithography, Others]) and Others), By Distribution Channel (Online, Offline), By Age Group (18-24, 25-34, 35-44, 45-54, 55-64, 65 and above), By End User (Art Dealers & Galleries, Auction Houses, Museum & Art Fair, Others) and Country (UK) - UK Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030
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Report Description
UK Fine Art Market Outlook 2030
The UK fine art market size was valued at USD 1,970.2 Million in 2021 and is expected to reach USD 7,760.2 Million in 2030, expanding at a CAGR of 16.5% during the forecast period, 2022-2030. The overall incremental opportunity is estimated to be USD 5,476.8 Mn from 2021 to 2030.
The growing demand for professional fine arts logistics services is expected to drive the fine art market. Professional fine arts logistics services provide high-end event logistics and supply chain solutions with value-added services (VAS).
These services include transportation, packaging, and storage. Additionally, the growing demand for professional fine arts logistics services from professional fine arts dealers and galleries is attributed to high private sales of professional fine arts products.
UK Fine Art Market Dynamics
Major Drivers
Emergence of online retail and e-commerce channels
Customers are influenced by advertisements and promotions and get detailed product specifications on online platforms. Moreover, purchasing fine art products that are made through online platforms offers numerous benefits to customers, including convenience, ease of payments, discounts and special offers, and the ability to compare a variety of handcrafted products.
The emergence of online retail and e-commerce channels is driving the fine art market. The growing popularity of online sales, especially in developing countries, has encouraged people engaged in fine arts to offer their products at attractive prices through their proprietary online portals.
Increasing demand for professional fine arts
The growing demand for professional fine arts logistics services is expected to drive the fine art market. Professional fine arts logistics services provide high-end event logistics and supply chain solutions with value-added services (VAS). These services include transportation, packaging, and storage.
Additionally, the growing demand for professional fine arts logistics services from professional fine arts dealers and galleries is attributed to high private sales of professional fine arts products.
Major Restraints
High availability of alternative products such as murals, lighting, wallpapers, and others is restraining the market growth. Additionally, the high cost of premium-based art frames and antiques is decreasing the product demand among the middle & lower-income population groups.
Huge competition from the local industry players affects the product revenues of key players, thus limiting the market growth.
Emerging Opportunities
ICEFTA represents more than 70% of independent transportation art firms from more than 30 countries. ICEFTA helps to promote premium standards in fine arts galleries and museum shipping. The organization promotes the exchange of ideas between players in terms of shipping, packaging, and forwarding artifacts and antiquities through annual conventions.
Moreover, various art transportation firm represented by ICEFAT specializes in shipping artwork and handling works of art, antiquities, and artifacts for galleries, museums, auction houses, dealers, and private art collectors. Thus, the establishment of the International Convention of Exhibition and Fine Art Transporters (ICEFAT) is anticipated to propel the market.
Scope of UK Fine Art Market Report
The report on the UK Fine Art Market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
|
Report Title |
Fine Art Market – UK Industry Analysis, Size, Share, Growth, Trends, and Forecast |
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Base Year |
2021 |
|
Historic Data |
2015–2020 |
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Forecast Period |
2022–2030 |
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Segmentation |
Type (Drawing [Charcoal, Chalk, Pastel, Pencil, Others]), (Painting, Sculpture [Encaustic Painting, Tempera Painting, Oil Painting, Others]), (Print Making [Engraving, Etching, Lithography, Others]) and Others), Distribution Channel (Online, Offline), Age Group (18-24, 25-34, 35-44, 45-54, 55-64, 65 and above), End User (Art Dealers & Galleries, Auction Houses, Museum & Art Fair, Others) |
|
Country Scope |
UK |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered |
Fabulous Masterpiece, EAMES FINE ART, Hancock Gallery, Haynes Fine Art of Broadway, Chantry Fine Art, ADDIS FINE ART, Robert Perera Fine Art Ltd, Tindalls the Stationers Ltd., Castle Fine Art, Halcyon Gallery. |
UK Fine Art Market Segment Insights
The UK Fine Art Market is segmented on the basis of Types, Distribution Channel, Age Group, and End User.
Product Segment Analysis
On the basis of products, the UK fine art market is segregated into drawing, painting, sculpture, printmaking, and others. The drawing segment is projected to expand during the forecast period, due to the rising number of young artists and the increasing popularity of drawing in the market.
The painting segment is expected to hold a substantial share of the market, owing to rising demand for wall decoration in various applications such as residential, commercial, and industrial.
The sculpture segment is expected to hold a substantial share of the market in the near future, due to the rising investments by various private investors. These investors invest in high-value sculptures and make a profit out of these investments by selling those sculptures.
Distribution Channel Segment Analysis
Based on the distribution channel, the UK fine art market is segmented into offline and online. The online segment is projected to expand at a significant CAGR during the forecast period, due to the rising number of websites that offer online art for sale over the last few years. Online sales reach a large audience, especially a young clientele, which is comfortable buying online.
The offline segment is expected to hold a substantial share of the market during the forecast. Offline shopping is the traditional way of shopping at the counter or shop. Marketing artwork offline is a great way to generate sales, build a brand, and grow the business.
Age Group Segment Analysis
Based on age group, the UK fine art market is segmented into 18–24, 25–34, 35–44, 45–54, 55–64, and 65 & above. Strong interest generated among youngsters regarding the collection of art is driving the 18-24 segment.
The number of millennials that collect art products is growing rapidly, as they buy more art and spend more on it than any other demographic. In recent years, galleries are focused on attracting and retaining the attention of millennials (aged between 23 and 38).
Millennial buyers view art through a prism of social and investment values. While buyers aged between 40 and 64 generate the largest number of sales, high growth year-on-year was registered among collectors under the age of 40, having increased from 6% to 19%. 21% of contemporary collectors are aged under 40 in 2019.
End-user Segment Analysis
Based on end-user, the UK fine art market is segmented into art dealers and galleries, auction houses, museums and art fairs, and others. The demand for logistics services for fine arts is high. Art galleries increase the brand value of art products, thus generating high sales of fine arts product.
The increased digital presence of auction houses has boosted the market. Online auctions are available for everyone regardless of location. People are buying art and collectibles as alternative investments. These art pieces are regarded as lifetime investments.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the UK Fine Art Market
- Historical, Current, and Projected Market Size in terms of Value
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints, and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on UK Fine Art Market Performance
Segments
Products
- Drawings
- Charcoal
- Chalk
- Pastel
- Pencil
- Others
- Painting
- Encaustic Painting
- Tempera Painting
- Oil Painting
- Others
- Sculpture
- Bronze
- Stone
- Wood Carving
- Print Making
- Engraving
- Etching
- Lithography
- Others
Distribution Channels
- Online
- Offline
Age
- 18-24
- 25-34
- 35-44
- 45-54
- 55-64
- 65 and above
End-user
- Art dealers and galleries
- Auction houses
- Museums and art fairs
- Others
Key Players
- Fabulous Masterpiece
- EAMES FINE ART
- Hancock Gallery
- Haynes Fine Art of Broadway
- Chantry Fine Art
- ADDIS FINE ART
- Robert Perera Fine Art Ltd
- Tindalls the Stationers Ltd.
- Castle Fine Art
- Halcyon Gallery
Competitive Landscape
Key players operating in the market are Fabulous Masterpiece, EAMES FINE ART, Hancock Gallery, Haynes Fine Art of Broadway, Chantry Fine Art, ADDIS FINE ART, Robert Perera Fine Art Ltd, Tindalls the Stationers Ltd., Castle Fine Art, Halcyon Gallery.
These are fine art galleries and stores that specialize in producing paintings, drawings, sculptures, print making and others. The players are adopting key strategies such as acquisition, collaborations, and geographical expansion where potential opportunities for the UK Fine Art Market.
Frequently Asked Questions
Additional company profiles are provided on request For a discussion related to the above findings, click Speak to Analyst
According to this UMR report, the UK Fine Art Market is expected to register a CAGR of 16.5% during the forecast period, 2022-2030, with an anticipated valuation of USD 7,760.2 million by the end of 2030.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
The UK Fine Art market is projected to expand at a rapid pace, owing to the increasing demand for fine art paintings, drawings that are aesthetically pleasing and a mode of investment.
The base year considered for the UK Fine Art Market report is 2021. The complete analysis period is 2015 to 2030, wherein, 2015 to 2020 are the historic years, and the forecast is provided from 2022 to 2030.
Factors such as Product Development, Consumer Behavior Analysis, Disposable Income and Others are analyzed in the final report.
Major players include Fabulous Masterpiece, EAMES FINE ART, Hancock Gallery, Haynes Fine Art of Broadway, Chantry Fine Art, ADDIS FINE ART, Robert Perera Fine Art Ltd, Tindalls the Stationers Ltd., Castle Fine Art, Halcyon Gallery.
Table Of Content
Chapter 1 Executive SummaryChapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Nasal Dilators Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Nasal Dilators Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Nasal Dilators Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Nasal Dilators Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Nasal Dilators Market Size & Forecast, 2018-2028
4.5.1 Nasal Dilators Market Size and Y-o-Y Growth
4.5.2 Nasal Dilators Market Absolute $ Opportunity
Chapter 5 Global Nasal Dilators Market Analysis and Forecast By Types
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Types
5.1.2 Basis Point Share (BPS) Analysis By Types
5.1.3 Absolute $ Opportunity Assessment By Types
5.2 Nasal Dilators Market Size & Volume Forecast By Types
5.2.1 External
5.2.2 Internal
5.3 Market Attractiveness Analysis By Types
Chapter 6 Global Nasal Dilators Market Analysis and Forecast By Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Applications
6.1.2 Basis Point Share (BPS) Analysis By Applications
6.1.3 Absolute $ Opportunity Assessment By Applications
6.2 Nasal Dilators Market Size & Volume Forecast By Applications
6.2.1 Snoring
6.2.2 Sleep Apnea
6.2.3 Deviated Septum
6.2.4 Sinusitis
6.2.5 Chronic Stuffy Nose
6.3 Market Attractiveness Analysis By Applications
Chapter 7 Global Nasal Dilators Market Analysis and Forecast By Age Group
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities By Age Group
7.1.2 Basis Point Share (BPS) Analysis By Age Group
7.1.3 Absolute $ Opportunity Assessment By Age Group
7.2 Nasal Dilators Market Size & Volume Forecast By Age Group
7.2.1 Adults
7.2.2 Children
7.3 Market Attractiveness Analysis By Age Group
Chapter 8 Global Nasal Dilators Market Analysis and Forecast By Sales Channels
8.1 Introduction
8.1.1 Key Market Trends & Growth Opportunities By Sales Channels
8.1.2 Basis Point Share (BPS) Analysis By Sales Channels
8.1.3 Absolute $ Opportunity Assessment By Sales Channels
8.2 Nasal Dilators Market Size & Volume Forecast By Sales Channels
8.2.1 Online
8.2.2 Offline
8.3 Market Attractiveness Analysis By Sales Channels
Chapter 9 Global Nasal Dilators Market Analysis and Forecast by Region
9.1 Introduction
9.1.1 Key Market Trends & Growth Opportunities by Region
9.1.2 Basis Point Share (BPS) Analysis by Region
9.1.3 Absolute $ Opportunity Assessment by Region
9.2 Nasal Dilators Market Size & Volume Forecast by Region
9.2.1 North America
9.2.2 Europe
9.2.3 Asia Pacific
9.2.4 Latin America
9.2.5 Middle East & Africa (MEA)
9.3 Market Attractiveness Analysis by Region
Chapter 10 Coronavirus Disease (COVID-19) Impact
10.1 Introduction
10.2 Current & Future Impact Analysis
10.3 Economic Impact Analysis
10.4 Government Policies
10.5 Investment Scenario
Chapter 11 North America Nasal Dilators Analysis and Forecast
11.1 Introduction
11.2 North America Nasal Dilators Market Size & Volume Forecast by Country
11.2.1 U.S.
11.2.2 Canada
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 North America Nasal Dilators Market Size & Volume Forecast By Types
11.6.1 External
11.6.2 Internal
11.7 Basis Point Share (BPS) Analysis By Types
11.8 Absolute $ Opportunity Assessment By Types
11.9 Market Attractiveness Analysis By Types
11.10 North America Nasal Dilators Market Size & Volume Forecast By Applications
11.10.1 Snoring
11.10.2 Sleep Apnea
11.10.3 Deviated Septum
11.10.4 Sinusitis
11.10.5 Chronic Stuffy Nose
11.11 Basis Point Share (BPS) Analysis By Applications
11.12 Absolute $ Opportunity Assessment By Applications
11.13 Market Attractiveness Analysis By Applications
11.14 North America Nasal Dilators Market Size & Volume Forecast By Age Group
11.14.1 Adults
11.14.2 Children
11.15 Basis Point Share (BPS) Analysis By Age Group
11.16 Absolute $ Opportunity Assessment By Age Group
11.17 Market Attractiveness Analysis By Age Group
11.18 North America Nasal Dilators Market Size & Volume Forecast By Sales Channels
11.18.1 Online
11.18.2 Offline
11.19 Basis Point Share (BPS) Analysis By Sales Channels
11.20 Absolute $ Opportunity Assessment By Sales Channels
11.21 Market Attractiveness Analysis By Sales Channels
Chapter 12 Europe Nasal Dilators Analysis and Forecast
12.1 Introduction
12.2 Europe Nasal Dilators Market Size & Volume Forecast by Country
12.2.1 Germany
12.2.2 France
12.2.3 Italy
12.2.4 U.K.
12.2.5 Spain
12.2.6 Russia
12.2.7 Rest of Europe
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Europe Nasal Dilators Market Size & Volume Forecast By Types
12.6.1 External
12.6.2 Internal
12.7 Basis Point Share (BPS) Analysis By Types
12.8 Absolute $ Opportunity Assessment By Types
12.9 Market Attractiveness Analysis By Types
12.10 Europe Nasal Dilators Market Size & Volume Forecast By Applications
12.10.1 Snoring
12.10.2 Sleep Apnea
12.10.3 Deviated Septum
12.10.4 Sinusitis
12.10.5 Chronic Stuffy Nose
12.11 Basis Point Share (BPS) Analysis By Applications
12.12 Absolute $ Opportunity Assessment By Applications
12.13 Market Attractiveness Analysis By Applications
12.14 Europe Nasal Dilators Market Size & Volume Forecast By Age Group
12.14.1 Adults
12.14.2 Children
12.15 Basis Point Share (BPS) Analysis By Age Group
12.16 Absolute $ Opportunity Assessment By Age Group
12.17 Market Attractiveness Analysis By Age Group
12.18 Europe Nasal Dilators Market Size & Volume Forecast By Sales Channels
12.18.1 Online
12.18.2 Offline
12.19 Basis Point Share (BPS) Analysis By Sales Channels
12.20 Absolute $ Opportunity Assessment By Sales Channels
12.21 Market Attractiveness Analysis By Sales Channels
Chapter 13 Asia Pacific Nasal Dilators Analysis and Forecast
13.1 Introduction
13.2 Asia Pacific Nasal Dilators Market Size & Volume Forecast by Country
13.2.1 China
13.2.2 Japan
13.2.3 South Korea
13.2.4 India
13.2.5 Australia
13.2.6 South East Asia (SEA)
13.2.7 Rest of Asia Pacific (APAC)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Asia Pacific Nasal Dilators Market Size & Volume Forecast By Types
13.6.1 External
13.6.2 Internal
13.7 Basis Point Share (BPS) Analysis By Types
13.8 Absolute $ Opportunity Assessment By Types
13.9 Market Attractiveness Analysis By Types
13.10 Asia Pacific Nasal Dilators Market Size & Volume Forecast By Applications
13.10.1 Snoring
13.10.2 Sleep Apnea
13.10.3 Deviated Septum
13.10.4 Sinusitis
13.10.5 Chronic Stuffy Nose
13.11 Basis Point Share (BPS) Analysis By Applications
13.12 Absolute $ Opportunity Assessment By Applications
13.13 Market Attractiveness Analysis By Applications
13.14 Asia Pacific Nasal Dilators Market Size & Volume Forecast By Age Group
13.14.1 Adults
13.14.2 Children
13.15 Basis Point Share (BPS) Analysis By Age Group
13.16 Absolute $ Opportunity Assessment By Age Group
13.17 Market Attractiveness Analysis By Age Group
13.18 Asia Pacific Nasal Dilators Market Size & Volume Forecast By Sales Channels
13.18.1 Online
13.18.2 Offline
13.19 Basis Point Share (BPS) Analysis By Sales Channels
13.20 Absolute $ Opportunity Assessment By Sales Channels
13.21 Market Attractiveness Analysis By Sales Channels
Chapter 14 Latin America Nasal Dilators Analysis and Forecast
14.1 Introduction
14.2 Latin America Nasal Dilators Market Size & Volume Forecast by Country
14.2.1 Brazil
14.2.2 Mexico
14.2.3 Rest of Latin America (LATAM)
14.3 Basis Point Share (BPS) Analysis by Country
14.4 Absolute $ Opportunity Assessment by Country
14.5 Market Attractiveness Analysis by Country
14.6 Latin America Nasal Dilators Market Size & Volume Forecast By Types
14.6.1 External
14.6.2 Internal
14.7 Basis Point Share (BPS) Analysis By Types
14.8 Absolute $ Opportunity Assessment By Types
14.9 Market Attractiveness Analysis By Types
14.10 Latin America Nasal Dilators Market Size & Volume Forecast By Applications
14.10.1 Snoring
14.10.2 Sleep Apnea
14.10.3 Deviated Septum
14.10.4 Sinusitis
14.10.5 Chronic Stuffy Nose
14.11 Basis Point Share (BPS) Analysis By Applications
14.12 Absolute $ Opportunity Assessment By Applications
14.13 Market Attractiveness Analysis By Applications
14.14 Latin America Nasal Dilators Market Size & Volume Forecast By Age Group
14.14.1 Adults
14.14.2 Children
14.15 Basis Point Share (BPS) Analysis By Age Group
14.16 Absolute $ Opportunity Assessment By Age Group
14.17 Market Attractiveness Analysis By Age Group
14.18 Latin America Nasal Dilators Market Size & Volume Forecast By Sales Channels
14.18.1 Online
14.18.2 Offline
14.19 Basis Point Share (BPS) Analysis By Sales Channels
14.20 Absolute $ Opportunity Assessment By Sales Channels
14.21 Market Attractiveness Analysis By Sales Channels
Chapter 15 Middle East & Africa (MEA) Nasal Dilators Analysis and Forecast
15.1 Introduction
15.2 Middle East & Africa (MEA) Nasal Dilators Market Size & Volume Forecast by Country
15.2.1 Saudi Arabia
15.2.2 South Africa
15.2.3 UAE
15.2.4 Rest of Middle East & Africa (MEA)
15.3 Basis Point Share (BPS) Analysis by Country
15.4 Absolute $ Opportunity Assessment by Country
15.5 Market Attractiveness Analysis by Country
15.6 Middle East & Africa (MEA) Nasal Dilators Market Size & Volume Forecast By Types
15.6.1 External
15.6.2 Internal
15.7 Basis Point Share (BPS) Analysis By Types
15.8 Absolute $ Opportunity Assessment By Types
15.9 Market Attractiveness Analysis By Types
15.10 Middle East & Africa (MEA) Nasal Dilators Market Size & Volume Forecast By Applications
15.10.1 Snoring
15.10.2 Sleep Apnea
15.10.3 Deviated Septum
15.10.4 Sinusitis
15.10.5 Chronic Stuffy Nose
15.11 Basis Point Share (BPS) Analysis By Applications
15.12 Absolute $ Opportunity Assessment By Applications
15.13 Market Attractiveness Analysis By Applications
15.14 Middle East & Africa (MEA) Nasal Dilators Market Size & Volume Forecast By Age Group
15.14.1 Adults
15.14.2 Children
15.15 Basis Point Share (BPS) Analysis By Age Group
15.16 Absolute $ Opportunity Assessment By Age Group
15.17 Market Attractiveness Analysis By Age Group
15.18 Middle East & Africa (MEA) Nasal Dilators Market Size & Volume Forecast By Sales Channels
15.18.1 Online
15.18.2 Offline
15.19 Basis Point Share (BPS) Analysis By Sales Channels
15.20 Absolute $ Opportunity Assessment By Sales Channels
15.21 Market Attractiveness Analysis By Sales Channels
Chapter 16 Competition Landscape
16.1 Nasal Dilators Market: Competitive Dashboard
16.2 Global Nasal Dilators Market: Market Share Analysis, 2020
16.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
16.3.1 Rhinomed Limited
16.3.2 SANOSTEC CORP
16.3.3 Splinter, Inc.
16.3.4 Nasal-Air Corp (Nasilator)
16.3.5 M&M Pure Air Systems LLC (Wood Knows)
16.3.6 McKeon Products
16.3.7 ASO Group
16.3.8 Snore Care
16.3.9 Respective
16.3.10 Scandinavian Formulas
16.3.11 Health Right Product LLC
16.3.12 Tomed GmbH
Methodology
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