IBISWorld Platform
Answer any industry question in minutes with our entire database at your fingertips.
Commercial Art Galleries in Germany Industry Data and Analysis
Over the past five years, the retail trade in artworks, collectibles and gift items has declined. On average, sector sales have fallen by 1.4% per year during this period. The increase in price competition with department stores and other retailers from outside the sector over the last five years has led to numerous industry players leaving the sector. As a result, not only the number of businesses but also the number of employees working in the sector fell between 2018 and 2023. The negative effects of the coronavirus pandemic, which have particularly affected souvenir retailers that depend on the tourism business, have contributed to this development.A poorer consumer climate and the reduced number of domestic and foreign tourists in Germany have also impacted industry growth. A stronger decline in sales in the sector was only prevented by the stable demand for artefacts and collectors' items. These product segments recorded constant sales growth until 2022 despite high inflation and the cost of living. In times of crisis, works of art were a popular form of investment for wealthy households to protect their assets. In 2023, however, the increased cost of living and high inflation are likely to have an impact on the art market and affect demand for art objects. Sales are therefore expected to fall by 2.8% in 2023 compared to 2022 to €3 billion.IBISWorld expects industry sales to grow by an average of 1.4% per year over the next five years thanks to booming tourism, the improving consumer climate and rising net household incomes. As a result, industry turnover is expected to reach 3.2 billion euros in 2028. Due to the anticipated intensification of price competition, particularly as a result of the booming mail order and online trade, the previous decline in the number of companies, businesses and employees is likely to continue over the next five years.
Access this data your way
The Commercial Art Galleries in Germany Industry analysis is available in multiple formats to fit seamlessly into your workflow.
API Data Delivery
Feed trusted, human-driven industry intelligence straight into your platform.
Integrations
Streamline your workflow with IBISWorld’s intelligence built into your toolkit.
What's included in this industry analysis
IBISWorld's research coverage on the Commercial Art Galleries industry in Germany includes market sizing, forecasting, data and analysis from 2013-2028. The most recent publication was released November 2023.
About this industry
What's this industry report about?
The Commercial Art Galleries industry in Germany operates under the WZ industry code G47.78bDE. The companies in this sector are dedicated to the stationary retail of souvenirs, artefacts, pictures, stamps, coins and gifts. The sector does not include the sale of antiques, second-hand goods and jewellery to end customers. Related terms covered in the Commercial Art Galleries industry in Germany include devotionals, multichannel, near field communication (nfc) and do it yourself.
What's included in this industry?
Products and services covered in Commercial Art Galleries industry in Germany include Works of art, Souvenir and Collector's items.
What companies are included in this industry?
Companies covered in the Commercial Art Galleries industry in Germany include Nanu-Nana Geschenkideen GmbH & Co. KG, Sotheby’s Deutschland GmbH and Christie’s Deutschland GmbH.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Commercial Art Galleries industry in Germany.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed products and service segmentation and analysis of major markets for the for the Commercial Art Galleries industry in Germany.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Commercial Art Galleries industry in Germany.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Commercial Art Galleries industry in Germany. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Commercial Art Galleries industry in Germany. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Commercial Art Galleries industry in Germany. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Commercial Art Galleries industry in Germany. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Commercial Art Galleries industry in Germany.
Trusted by industry professionals
More than 6,000 businesses use IBISWorld to shape local and global economies
We were able to supplement our reports with IBISWorld’s information from both a qualitative and quantitative standpoint. All of our reporting now features some level of IBISWorld integration.
IBISWorld delivers the crisp business knowledge we need to drive our business. Whether it be serving up our major clients, winning new business or educating on industry issues, IBISWorld brings real value.
IBISWorld has revolutionised business information — which has proved commercially invaluable to exporters, investors and public policy professionals in Australia and overseas.
When you’re able to speak to clients and be knowledgeable about what they do and the state that they operate in, they’re going to trust you a lot more.
Frequently Asked Questions
What is the market size of the Commercial Art Galleries industry in Germany in 2026?
The market size of the Commercial Art Galleries industry in Germany is €3.0bn in 2026.
How many businesses are there in the Commercial Art Galleries industry in Germany in 2023?
There are 5,362 businesses in the Commercial Art Galleries industry in Germany, which has declined at a CAGR of 3.9 % between 2018 and 2023.
How may import tariffs affect the Commercial Art Galleries industry in Germany?
The Commercial Art Galleries industry in Germany is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Commercial Art Galleries industry in Germany?
The Commercial Art Galleries industry in Germany is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Commercial Art Galleries industry in Germany grown or declined over the past 5 years?
The market size of the Commercial Art Galleries industry in Germany has been declining at a CAGR of 1.4 % between 2018 and 2023.
What is the forecast growth of the Commercial Art Galleries industry in Germany over the next 5 years?
Over the next five years, the Commercial Art Galleries industry in Germany is expected to grow.
What are the biggest companies in the Commercial Art Galleries industry in Germany?
The biggest companies operating in the Commercial Art Galleries industry in Germany are Nanu-Nana Geschenkideen GmbH & Co. KG, Sotheby’s Deutschland GmbH and Christie’s Deutschland GmbH
What does the Commercial Art Galleries industry in Germany include?
Retail with souvenirs and Retail sale of works of art are part of the Commercial Art Galleries industry in Germany.
Which companies have the highest market share in the Commercial Art Galleries industry in Germany?
The company holding the most market share in the Commercial Art Galleries industry in Germany is Nanu-Nana Geschenkideen GmbH & Co. KG.
How competitive is the Commercial Art Galleries industry in Germany?
The level of competition is moderate and increasing in the Commercial Art Galleries industry in Germany.
Cut through the noise with intelligence you can trust
