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A new report published by Persistence Market Research titled “Art and Sculpture Market: Global Industry Analysis (2012 to 2016) and Forecast (2017–2025)” tracks the growth of the global art and sculpture market for the eight year period 2017 – 2025. The market is segmented by product type, sales channel Cheap Johnny Gaudreau Hat , end user and region. According to the report forecast, the global art and sculpture market was valued at US$ 8,640.0 Mn in 2016 and is projected to reach US$ 24,632.1 Mn by 2025 end. The market is expected to witness high revenue growth during the forecast period. This growth is attributed to an increased awareness about art products as an investment and not just another decorative piece.

Request Report for TOC @ Art and Sculpture Market: Important Facts

It is difficult to predict the direction of the global market Cheap Michael Frolik Hoodie , as there are several macroeconomic factors that could have an impact on the market in the coming yearsThere is a great risk of business in regions such as U.S, Brazil and Germany, which could impact the global marketThe art and sculpture market witnesses strong demand for best quality art and collectibles36% of the 400 private bankers and wealth advisors suggested that there will be increasing client demand for servicing this particular asset classThe total number of ultra-wealthy individuals is predicted to rise by 41% to 263,500 by 2025. The predicted growth rate varies widely on a regional basis Cheap Mike Smith Hoodie , and the emerging economies are leading the way. A growing demand for quality art pieces can be expected from this class of the population.

Global Art and Sculpture Market: Forecast by Product Type

Product type segment is classified into artifacts that include manuscripts, decorative art pieces, and others. The sculpture segment holds a high market share and is estimated to grow significantly during the forecast period. Sculptures are typically sold along with paintings and this is increasing the customer base for sculptures.

Global Art and Sculpture Market: Forecast by Sales Channel Type

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