Press release
Art Crowdfunding Market Report: Size, Share, Growth, Trends, Demand, Insights And Forecast Up To 2032
Art Crowdfunding Market
The Business Research Company's Art Crowdfunding Global Market Report 2023 identifies expansion of online art marketplaces as the major driver for the Art Crowdfunding market's growth in the forecast period. An online art marketplace is a digital platform where artists may sell their works of art directly to purchasers. It connects artists with a global audience of art fans while offering a convenient and accessible setting for art transactions. A digital platform for artists to present their ideas, engage with a worldwide community of art fans, and raise money from various supporters is made possible by the growth of online art marketplaces, which broaden the options for funding artistic endeavors.
The global art crowdfunding market is expected to grow from $1.151 billion in 2022 to $1.70 billion in 2023 at a compound annual growth rate (CAGR) of 12.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The art crowdfunding market is expected to reach $2.67 billion in 2027 at a CAGR of 12%.
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Major competitors in the Art Crowdfunding market are Rockethub,Patreon Inc., Ulule, Indiegogo Inc., Pozible, GoFundMe LLC., Kickstarter PBC, Fundable LLC., Makuake Inc., Fundition Inc., Ketto, Razoo Inc., Wefunder, ArtLifting,Fundrazr, Crowdfunder Ltd., ArtistShare Inc., Seed&Spark Inc., Artboost, Wishberry Online Services Pvt. Ltd., CrowdBazaar Ltd., Makestar Inc., 22x Fund, Fanbook, FundDreamer, iFundWomen,Hatchfund, KissKissBankBank and Co., and Fundly.
A key trend in the Art Crowdfunding market includes Product innovation. Major market players are concentrating their efforts on creating innovative products to strengthen their position in the market
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The Art Crowdfunding market is segmented -
1) By Type: 5% Fee, 4% Fee, 3% Fee, Other Types
2) By Art Type: Visual Art, Performing Art, Literary Art, Other Art Types
3) By Platform: Reward-Based Crowdfunding, Donation-Based Crowdfunding, Equity Crowdfunding
4) By Application: Films, Music, Stage Shows, Comics, Journalism, Publishing, Museums, Galleries, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Art Crowdfunding market.
The Business Research Company's "Global Art Crowdfunding Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Art Crowdfunding Market Include:
1. Executive Summary
2. Art Crowdfunding Market Characteristics
3. Art Crowdfunding Market Trends And Strategies
4. Art Crowdfunding Market - Macro Economic Scenario
5. Art Crowdfunding Market Size And Growth
........
32. Global Art Crowdfunding Market Competitive Benchmarking
33. Global Art Crowdfunding Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Art Crowdfunding Market
35. Art Crowdfunding Market Future Outlook and Potential Analysis
36. Appendix
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