Market Analysis Report U.S. Online Art & Sculpture Market

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U.S. Online Art & Sculpture Market Share, Segmentation,
Research and Forecasts to 2025 | Hexa Research
“ The U.S. online art and sculpture market to reach USD 2.39 billion by 2025.”
02 November 2018
The U.S. online art and sculpture market to reach USD 2.39 billion by 2025, owing to the rise in the number
of online platforms, expansion of existing platforms and the growing use of internet for proc urement
purposes over the forecast period. These days customer prefer to buy art and sculptures online not only to
save on the travelling costs and time but also on account of the easy return policies offered by various
online platforms. There is a certain ease of discovery for the type of art customers are looking for and they
don’t have to wait for a long time to find what exactly they want, they can just search it online. The
customers can find collectables and art online which otherwise they cannot disc over in a particular gallery
or selling space. With the improvement in return request policies, enhanced logistical and supply chain
practices, reliable due diligence such as situation reports and licenses of authenticity, and growing
transparency is expected to increase the online sales of art and sculptures all over the country.
The U.S. online art and sculpture market is expected to grow significantly owing to the rise in the use of the
internet by the shoppers to bid on art auctions online. One of the major reasons is the low trade-weighted
index, which is also the measure of the US dollar compared to other foreign currencies, and is anticipated
to boost the demand for overseas art sales. The demand for art and sculptures has grown essentially on
account of the rise in the awareness of importance to conserve art and major structural transformations
which are mainly triggered by online buying and globalization. More and more people these days are
interested in obtaining and purchasing artworks despite of high art prices which is expected to drive the
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