Art Tourism Sector Market Report 2024 (Global Edition)

Global Art Tourism Sector Market Report 2024 Market Size Split by Art Type (Concerts & Performances, Events & Exhibitions, Art Galleries & Museums, Film festivals), by Booking Channel (Phone Booking, ...

Art Tourism Sector Market Report Description

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Art Tourism Sector Market Insights Video

Competitive Landscape of the Art Tourism Sector Market

The major firms rapidly adapt new strategies to gain a competitive advantage and market share. Market participants in the main art tourism sector expect to extend their creative offers to service a big consumer base and acquire a competitive advantage.

Art Tourism Sector Industry News

• June 2020, Imago Artis Travel offers a variety of activities suitable for travelers of all ages. They have separate designed itineraries for children, adolescents, and elders.

(Source: www.iatravel.com/experiences)

Top Companies Market Share in Art Tourism Sector Industry: (In no particular order of Rank)

• Trafalgar
• The Ultimate Travel Company
• Art of Travel
• Art Tours Ltd.
• Imago Artis Travel
• Paint Away Tours
• Martin Randall Travel
• Max Factor
• Estee Lauder
• Opera
• THE FACE SHOP
• CHANEL
• LVMH
• Shiseido
• Confidential Data
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• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

The European art Tourism Sector market accounted for a share of more than 38% of the global revenue in 2023

According to Cognitive Market Research, Europe dominated the market in 2023 and accounted for around 38% of the global revenue; Europe is a major driver of the burgeoning art tourism industry. The region's rich history, unique artistic legacy, and prominent cultural attractions attract many visitors. Renowned museums, galleries, and historical places support a flourishing art tourist business. With its deep love for cultural experiences, Europe continues to play a critical role in propelling the growth and attraction of the global art tourism business.

North America is the fastest-growing category. The region's unique cultural scene, including world-class museums, galleries, and art events, draws local and foreign visitors. With a growing passion for immersive cultural experiences, North America's contribution to the art tourism market is highlighted by its dynamic arts scene, which contributes to the sector's overall growth and global importance.

The current report Scope analyzes Art Tourism Sector Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Art Tourism Sector Market

According to Cognitive Market Research, North America held the major market of more than 30% of the global revenue with a market size of USD 13.02 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 1.5% from 2023 to 2030 North America, with its rich cultural tapestry and numerous artistic offers, is a powerful force powering the art tourism business. Renowned museums, galleries, and dynamic cultural events draw both local and foreign visitors looking for immersive experiences. Growing interest among young folks (26-35 age range) who actively engage with varied artistic expressions is a prominent component driving growth. As North America's cultural vibrancy continues to draw a diverse audience of art enthusiasts, the art tourism sector is positioned for sustained growth, solidifying the region's importance in shaping the worldwide landscape of cultural travel experiences.

Europe Art Tourism Sector Market

According to Cognitive Market Research, with a market value of USD 16.49 billion in 2023 and projected to expand at a compound annual growth rate (CAGR) of 1.6% from 2023 to 2030, Europe accounted for the majority of global revenue, accounting for over 38% of total Europe is a cornerstone in the expanding art tourism sector, providing a vast cultural tapestry that enchants global visitors. Europe attracts a varied range of travelers looking for immersive cultural experiences, thanks to prominent museums, historic buildings, and a rich artistic legacy. The engagement of the 26-35 age bracket, lured to Europe's vibrant arts scene, is particularly contributing to this rise. Because of its dedication to preserving and presenting its cultural riches, the region is a driving force in the art tourism business. As Europe embraces and shares its profound artistic past, the art tourism sector is primed for continued growth, cementing the continent's crucial position in crafting the global narrative of cultural tourism.

Asia Pacific Art Tourism Sector Market

According to Cognitive Market Research, Asia Pacific held a considerable market share in 2023, accounting for more than 22% of the global revenue with a market size of USD 9.55 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 3.5% from 2023 to 2030 The Asia Pacific region is evolving as a thriving art tourism hub, distinguished by a blend of rich cultural legacy and modern artistic manifestations. The region attracts a rising number of people looking for unique and engaging experiences, thanks to its broad assortment of museums, galleries, and cultural events. The 26-35 age group, which is characterized by a deep interest in investigating and connecting with varied cultural offerings, is a prominent element driving this increase. As Asia Pacific presents itself as a cultural destination, the region's art tourism sector is poised for significant growth. The Asia Pacific region is a crucial participant in developing the worldwide landscape of art tourism due to the combination of tradition and modernity.

South America Art Tourism Sector Market

According to Cognitive Market Research, Latin America accounted for more than 5% of the global art tourism sector outlook revenue in 2023 with a market size of USD 2.17 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 2.4% from 2023 to 2030 Latin America is emerging as an enthralling destination in the art tourism sector, with a rich cultural tapestry that entices travelers seeking authentic and different experiences. The region offers a unique blend of historical and contemporary artistic expressions, with a plethora of museums, galleries, and active art communities. The 26-35 age bracket, which is drawn to Latin America's vibrant arts and culture festivals, is a big contributor to the sector's growth. Latin America plays a vital role in crafting the global narrative of art tourism, portraying itself as an enticing destination for art enthusiasts as the area continues to display its artistic legacy and cultivate a growing interest in immersive cultural encounters.

Middle East and Africa Art Tourism Sector Market

According to Cognitive Market Research, The Middle East and Africa accounted for more than 5% of the global revenue in 2023 with a market size of USD 2.17 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 2.6% from 2023 to 2030, distinguished by a synthesis of old traditions and contemporary artistic manifestations. The region welcomes worldwide travelers seeking deep cultural encounters with historic landmarks, museums, and a developing arts sector. The 26-35 age bracket is a crucial driver of growth, drawn to the rich and developing art landscape. As the Middle East and Africa strategically position themselves as cultural hubs, the art tourism sector is set to grow significantly. The region's distinct blend of historical history and forward-thinking artistic activities helps to shape the global narrative of cultural travel experiences.

Art Tourism Sector Market Analysis

Art Type Segment Analysis of the Art Tourism Sector Market

According to Cognitive Market Research, concerts and performances held the major market share over the forecast period due to the enduring focus on well-defined eyebrows. Beauty trends, social media influencers, product innovations, inclusivity, e-commerce accessibility, and the desire for customized, natural, and diverse cosmetic options drive this market: consumer demand, rising disposable income, and the influence of the fashion industry fuel market growth.

Art galleries and museums are the fastest-growing category over the forecast period due to increasing beauty and grooming awareness. Consumers seek versatile and long-lasting solutions to achieve their desired eyebrow styles. This market benefits from social media trends, influencer endorsements, and innovation, providing a diverse range of natural, customizable, and inclusive products.

• Concerts & Performances
• Events & Exhibitions
• Art Galleries & Museums
• Film festivals

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Art Tourism Sector Industry. Request a Free Sample PDF!

Booking Channel Segment Analysis of the Art Tourism Sector Market

According to Cognitive Market Research, phone booking holds a prominent market share. Phone booking helps to grow the art tourism industry by providing easy access to cultural events. Travelers may simply reserve tickets for museum tours, art events, and performances through their phones. This simplified booking method improves accessibility, drawing a larger audience and allowing for more spontaneous interaction with the arts. The ease of reserving by phone contributes to the general growth of the art tourism industry.

Online booking is the fastest-growing category over the forecast period. Travelers' access to cultural events is being transformed. Tourists may easily reserve tickets for museum visits, art exhibitions, and plays thanks to the convenience of internet platforms. This improves accessibility, draws a larger audience, and corresponds with modern travel preferences, all of which contribute to the overall growth and modernization of the art tourism sector.

• Phone Booking
• Online Booking
• In Person Booking

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Art Tourism Sector Tourist Type Segment Analysis

According to Cognitive Market Research, domestic and domestic tourists hold a prominent market share. Domestic tourists contribute heavily to museum visits, art festivals, and other cultural activities, as there is a growing interest in local cultural experiences. This trend promotes a greater respect for indigenous art while promoting the sector's growth by highlighting a country's rich cultural heritage and encouraging local tourist activities.

International is the fastest-growing category over the forecast period; visitors to renowned museums, galleries, and art events come from all over the world searching for immersive cultural experiences. The global attraction of various artistic expressions generates robust cross-cultural exchange, contributing to the sector's growth. International travelers play a critical role in increasing art tourism's worldwide exposure and economic effect.

• Domestic
• International

Art Tourism Sector Tour Type Segment Analysis

According to Cognitive Market Research, independent travelers hold a prominent market share. As tourists seek more personalized and self-guided cultural experiences, they visit art galleries, museums, and cultural events on their own time. This tendency benefits the sector by responding to the needs of independent visitors, enabling various experiences with art, and contributing to the general growth of art tourism.

The tour group is the fastest-growing category over the forecast period. With the increase in tour groups, the art tourism industry is thriving. Art-focused tours offer curated experiences that take visitors through museums, galleries, and cultural events. This method improves access and knowledge sharing and develops a sense of community among art fans. Tour groups' popularity adds greatly to the sector's growth by providing a structured and interesting manner for travelers to discover artistic offerings.

• Independent Traveler
• Tour Group
• Package Traveller

Art Tourism Sector Age Group Segment Analysis

According to Cognitive Market Research, 26-35 years holds a prominent market share. This cohort of young adults seeks immersive cultural experiences, gravitating toward art festivals, museums, and one-of-a-kind exhibitions. Their preference for broad and participatory arts encounters contributes to the sector's growth, reflecting a generational trend in which the 26-35 age bracket actively participates in and supports the thriving art tourism business.

The 36-45 years category is the fastest-growing category over the forecast period; individuals in this group are more interested in cultural discovery, actively participating in art tours and museum visits, and engaging with a variety of artistic manifestations. As this age group seeks enriched and diverse experiences, their contributions are critical in broadening the breadth and attractiveness of the art tourism sector.

• 15-25 Years
• 26-35 Years
• 36-45 Years
• 46-55 Years
• 56-65 Years 
• 66-75 Years

Author's Detail

Kalyani Raje

Senior Research Analyst at Cognitive Market Research

LinkedIn

Profile

An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.

Author's Conclusion