Collectibles market size was estimated at $402 billion in 2021 and is expected to cross $1 Tillion by 2032. Digital NFT Market Collectibles is the fastest-growing segment with a CAGR of 19.2% during the forecast period. The NFT industry is witnessing enormous growth with some product segments acquiring as high as a 1,400% growth in a quarter (i.e., around 14 times the market).

This is a summary of the report provided by Market Decipher

A Collectibles is an item with monetary value far more than its original sale value. These Collectibles are valuable because of their rarity and uniqueness. Many collectibles can go for a massive amount if they are rare. The worth of these collectibles depends upon how many items are available and their overall condition. A collector spends a lot of time collecting a particular item of his interest and stores them in the appropriate atmosphere so that it will not get ruined.  

Impressive Growth in Collectibles Market and Current Market Trends
Collectibles industry has experienced robust growth in revenue generation in recent years due to the online sale of antiques and collectibles globally. The significant rise in the global Collectibles market can be attributed to the growing economic condition and emerging e-commerce platforms. Moreover, accelerating the disposable income of the customer has encouraged them to spend more money on Collectibles items. This factor will benefit the industry’s long-term expansion. Furthermore, collecting as a form of investment and digital sale of the collectibles are the two new trends positively shaping the trajectory of the global Collectibles market.
On the recommendation of financial advisors and experts, investors are investing 5% to 10% of their portfolio in collectibles. The increased investment in collectibles is driven by capital appreciation, safe financial haven, and portfolio diversification. On the other hand, trading in collectibles through digital platforms is expected to witness significant growth. The sale of these luxurious items has increased even after the emergence of the COVID-19 pandemic. The collectibles market has seen a significant and lasting change in the online channels for the trading of antiques and other collectibles. Moreover, the soaring popularity and growing awareness of people regarding the digital sale of Collectibles items will further escalate the market growth during the forecast period.

Collectibles Market Segmentation, Product Portfolio and Demand in several sectors
The global Collectibles market is segmented on the basis of product and region. The product segment of the Collectibles market includes coins, stamps, shares, militaria, books, music, timepieces and scientific instruments, sports memorabilia, maps, porcelain and glass, vintage fashion, nature, autographs, ephemera, spare parts of classic cars, toys, comics, film posters, film prop, cameras, photos, ethnic, art deco, Victorian, diving, horse riding, high-end stereos, and sailing spare parts. The coins and stamps segment holds a significant share in the collectibles market, respectively. However, the sports memorabilia segment is anticipated to grow at a high rate.

Non-Fungible Market (NFT Market) Trend Slipped in 2022, Expected to Rise Again
The NFT market altogether experienced a decline in 2022 due to economic uncertainty in various countries impacted by geopolitical unrest and fall of cyrpto market. However, the demand will pick pace once again as the world return to normalcy and crpto recovers slowly. Corporates from various sectors are entering this domain including music, media/entertainment, movies, sports, art, and many more. France is witnessing the budding of various NFT start-ups. For example, Aianne, which is a certification company for virtual product ownership has raised around €9m in VC. Further, Sorare (NFT-based fantasy football platform) raised €40m. The NFT Market is highly fragmented in the current scenario as this is a novel method of trading collectibles. Many new companies have evolved as NFT authenticators along with e-commerce marketplace companies such as Niftys.com.

“The Ukraine-Russian conflict has caused a significant drop across the markets. The tremendous enthusiasm in NFT lost its steam by the end of the year and then took a downward flip. The worth of cryptocurrencies, which have a huge correlation with the NFT markets globally, has declined too.”

The NFT Collectibles Ecosystem and Trends

• Sports NFT Collectibles: Sports NFT market witnessed tremendous growth in 2022, valued around $4 Billion in 2022. Many companies have evolved as standalone focussed sports NFT trading platforms. For example Legacy League is a company that offers platform to college and university players to create as well as trade academic organization league based NFTs.
• Music NFT: Music industry applications, such as album releases, beat sales, merchandise sales, etc. had a common and centralized platform. This platform was used by all artists, record companies, and musicians to release their work. Across the globe, NFT music is gaining popularity and becoming more digital. In NFTs, musicians do not have to rely on a record label or a middleman to sell their work.
• ART NFT: The NFT art market is dominated by wealthy buyers and the vast majority of artists. However, the average sale price of NFT art was $15, and only a small portion of NFTs hovered close to or above a price range of $1500. Just 10% of all participants in the NFTs market accounted for 85% of all transactions.
• Movie Avatars NFT: Movie Avatars NFT took over the NFT market in 2021 when Warner Bros. teamed up with Nifty. The NFT Avatar market is flooded with fans of CrytoPunks, the highest revenue-generating project, with a sale of $1.3 billion. BAYC project and CryptoPunk project Meebits are not far behind with $ 507 million and $215 million in sales, respectively. NFTs market is driven by the feeling of belonging that avatar provide to their owners. Unlike art and media NFTs, avatars allow their owners to express their personalities and let them express themselves while using these auto-visual bodies.

Top Leading NFT Companies in NFT Collectibles market are Larva Labs, NBA Top Shot, Dapper Labs, SuperRare, Decentraland, PLBY Group, Inc., YellowHeart, Rarible, OpenSea, Cloudflare, Inc., Dolphin Entertainment, Inc., Takung Art Co., Ltd., Funko, Nifty Gateway, and MakersPlace.

Sports Memorabilia Industry
The sports memorabilia industry also belongs to the Collectible Market, with a global value of $227.2 billion estimated in 2021. Over 33% of the 200 million people in the collectible market own or have owned a sports collectible. At present, Boxes is one of the hottest names in this market, offering sports collectibles worth $125 million at any given time. League based memorabilia is having strong inroads with university leagues seeing huge potential in future.

Collectible Toys Industry
“Toy collectibles are primary products for adults. In contrast to the traditional market, purchase motivation is based on profit rather than play and entertainment. Even though most collectible products will not prove to be profitable investments, there are some that will. As an example, G.I. Joe figures from 1963 now sell for $200,000.”
Toy collectibles featuring cartoon characters are among the most popular. Collectible dolls such as barbie dolls, cabbage patch dolls, faced dolls, mama dolls, raggedy Ann & Andy, and others are among the most popular and sought-after collectible toys. The reason for this is the rise in popularity of doll characters such as Barbie and Adora, the rise in fashion trends, and the increased disposable income of consumers. The growing interest of adults in toy collectibles is another major factor spurring demand for toy collectibles. The growing trend of designer miniature cars along with the growing interest of collectors in such toys are among the factors driving the market growth. Moreover, the popularity of automobiles worldwide is also influencing the demand for collectible toy cars amongst collectors.

Art Collectibles Industry, Art NFT Market and Sculpture Collectibles Demand
Art collectibles can be considered a sector of art and antique market considering the art and sculpture that are created by renowned artists. From 2021 to 2022, the overall sales of NFT dropped significantly due to geopolitical unrest, lack of trust in crpto and relation of crypto with NFT. Companies are still positive about the market as these are short term impacts.

“NFTs got disbalanced in 2022 BUT holds huge potential in long run. Better Stay Ready”

NFTs are mainly used within the art market to prove the authenticity of digital works of art. While digital artworks could be indefinitely shared online, digital art in the form of an NFT becomes a unique asset. The process of turning a digital file into an NFT is called minting, while the art created through this process is usually defined as crypto art. In art auctions, NFTs arrival was spectacular from 2018 up till 2021. In March 2021, auction house Christie’s sold an NFT digital collage by American artist Beeple for the staggering price of 69.3 million U.S. dollars, making it the most expensive NFT sold worldwide..

Industry Highlights in 2021

• 2021 Most Expensive NFT Meme: $70 Million
• As per First Quarter Buyer: 40,000 Unique NFT Buyers
• OpenSea, a leading NFT Marketplace Trading Volume Growth: 800%
• NFT Demand in Gaming: Declining Growth
• E-Sports NFT: Gaining Importance
• Gender aspect in NFT: Men are major NFT customers
• As per volume price range at highest sales: Less than $200
• Hot item in Entertainment NFT Industry: Movie Avatars

Below are some leading NFT Companies

• Larva Labs
• NBA Top Shot
• Dapper Labs
• SuperRare
• Decentraland
• PLBY Group, Inc.
• YellowHeart
• Rarible
• OpenSea
• Cloudflare, Inc.
• Dolphin Entertainment, Inc.
• Takung Art Co., Ltd.
• Funko
• Nifty Gateway
• MakersPlace

Collectibles Market Segmentation
The global Collectibles market is segmented on the basis of product and region. The product segment of the Collectibles market includes coins, stamps, shares, militaria, books, music, timepieces and scientific instruments, sports memorabilia, maps, porcelain and glass, vintage fashion, nature, autographs, ephemera, spare parts of classic cars, toys, comics, film posters, film prop, cameras, photos, ethnic, art deco, Victorian, diving, horse riding, high-end stereos, and sailing spare parts. The coins and stamps segment holds a significant share in the collectibles market, respectively. However, the sports memorabilia segment is anticipated to grow at a high rate.

U.S. dominates the collectibles market with APAC holding huge potential
North America holds the largest market share for collectibles, owing to the increasing interest of the Americans in collecting luxurious items and the rise in retailing opportunities in the collectibles market. Moreover, the transforming lifestyle and growing awareness of people regarding collectibles as an investment will further escalate the growth of the European Collectibles market over the forecast time frame. Investment firms see a lot of potential in this industry due to impressive and immediate returns on secondary sales.

“Economic uncertainties in China pose a threat to the industry but APAC still shows growth potential. Asian buyers represented 31% of Christie’s sales in 2021. China leads the APAC Collectibles market with India emerging as a potential market for almost all types of collectibles. Major factors assisting this growth are entry of millennials and growing awareness and interest towards collectibles as a collector as well as an investor.”

Collectibles Market Share and Competition/ Online Portals Vs Auction Houses
The collectibles industry is highly complicated in terms of product categories and sales channel. Presence of focussed market players operating in a specific type of collectibles along with gross merchandise sellers over internet makes it an amalgamation of licensed sellers and third-party trading platforms such as eBay, Esty and Amazon. Ecommerce websites bifurcated into retailer-based product offerings that related to primary market as well as the secondary market platforms as in case of trading cards which is primarily traded on eBay.

The major players operating in the online retailing of antiques and other Collectibles items are Amazon, Ruby Lane, Webstore, Artfire, Etsy, Craiglist, eBay, Bonanza, OLX, Rehab Vintage Interiors, Red Line Vintage, Omerohome, Tara Shaw Antiques, The Good Mod, Shopify, Antiques and Chatchkes, and Just Vintage Home. In reference to marketing and sales of specific category of collectibles, every product category has focussed companies dealing into that specific collectible item.

Originally posted 2022-09-16 10:18:24.