Arts Market Report 2026

The arts market size has grown strongly in recent years. It will grow from $552.97 billion in 2025 to $583.42 billion in 2026 at a compound annual growth rate (CAGR) of 5.5%. The growth in the historic period can be attributed to growth of public art institutions, expansion of cultural tourism activities, increasing government funding for arts, rising popularity of live performances, development of creative communities.

The arts market size is expected to see strong growth in the next few years. It will grow to $739.99 billion in 2030 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to expansion of virtual and immersive art experiences, rising investments in digital art marketplaces, growing focus on inclusive cultural access, increasing integration of technology in art promotion, higher demand for global art collaborations. Major trends in the forecast period include increasing digitization of art exhibitions, rising demand for experiential cultural events, growing monetization through digital art platforms, expansion of community-based art engagement, enhanced focus on cultural preservation initiatives.

The increasing demand for paintings is expected to drive the growth of the art market in the future. Paintings are a form of visual art that conveys the expression of thoughts and feelings on a two-dimensional surface. The purchase of paintings not only enhances individual collections but also supports artists and the arts community as a whole. For instance, a report released in November 2023 by the Department for Culture, Media & Sport, a UK-based organization, highlighted that according to the Participation Survey for April 2022 to March 2023, 90% of adults in England engaged with the arts at least once during the year, representing a 2% increase from the previous year. Therefore, the rise in painting auctions is anticipated to contribute to the growth of the art market.

Major companies in the art market are concentrating on developing innovative products, such as digital art platforms, to deliver reliable services to customers. A digital art platform is a software application or online service that equips artists with the necessary tools and features for creating digital art. For example, in September 2023, Philips, a Netherlands-based technology company dedicated to enhancing people's health and well-being through innovation, launched the New Terrains series, which focuses on contemporary Indigenous art. This initiative aims to highlight underrepresented artists and their contributions, addressing the growing demand for diversity within the art market. By showcasing Indigenous perspectives in the contemporary art scene, Philips not only promotes these artists' work but also fosters broader conversations about representation and inclusivity in the art community.

In October 2023, AMTD Digital Inc., a Singapore-based diversified digital financial services and media company, acquired The Art Newspaper for an undisclosed amount. Through this acquisition, AMTD Digital intends to strengthen its global media portfolio and broaden its presence in the international arts and culture sector by incorporating world-class art journalism into its wider media and entertainment strategy. The Art Newspaper Limited is a UK-based art media organization that delivers detailed news, analysis, and coverage of art, artists, museums, galleries, and the global art market across both print and digital platforms.

Major companies operating in the arts market are Artsy Inc., Saatchi Art, Artspace, Artnet Worldwide Corporation, Sotheby’s, Christie’s International PLC, Singulart, UGallery, Zatista, 1stdibs.com, Inc., Rise Art, Tappan Collective, Minted LLC, ArtFinder, ArtPal, Artsper, Vango Art, Artplode, Lumas Gallery, Affordable Art Fair Ltd., Art Basel, Redbubble Ltd., Society6 LLC, Art.com Inc.

Asia-Pacific was the largest region in the art market in 2025. Eastern Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the arts market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the arts market report are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.

The art market includes revenues earned by entities by operating facilities or providing services for cultural, entertainment, and recreational interests such as producing live performances or events and preserving and exhibiting objects of the art-related interests of patrons. Revenues in this market include entry fees to theatres, art galleries, and royalties. The market covered in this report does not include revenues from selling artwork and antiques (i.e., through auction houses). The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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