Egypt Antique Trade Market (2022-2028) | Revenue, Growth, Industry, Size, Share, Outlook, Forecast, Analysis, Trends, Value, Segmentation & COVID-19 IMPACT

Market Forecast By Distribution Channel (Online, Offline) And Competitive Landscape

Product Code: ETC434208 Publication Date: Nov 2022 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

Egypt Antique Trade Market Synopsis

The Egypt Antique Trade Market is anticipated to grow at a faster pace in the years to come. The Egypt Antique Trade Industry started back in 1922, when people from the business world came together to discuss possibilities of setting up an antique sector. The market was not that successful when it started but in 1927, the very first auction happened and it was a great success. Since then, this market has been progressing effectively.

According to 6Wresearch, the Egypt Antique Trade Market size is expected to grow during 2022-2028. This sector has been propelling well since the time it started operating. The trade market in the country started back in 1922, when people from the business world came together to discuss possibilities of setting up an antique sector. The market was not that successful when it started but in 1927, the very first auction happened and it was a great success. Since then, this market has been progressing effectively. There are numerous factors that are contributing to the success of this sector. The country has invested effectively in infrastructure in the past few years to continue maintaining and growing its status as one of the top antique trade sectors. This comprises storage facilities, exhibitions spaces and safe warehouses.

This market is a perfect destination for sellers and buyers of antiquities. The major factor that is evolving the demand for this sector in the country is that the interest among people in the nation to buy antiques is increasing more. People are now more aware of the significance of historical arts which allows them to buy antiques. This market in the nation has become one of the most essential tourist destinations. The government of the country benefitted from this market since it earns a huge amount of revenue from it. The money that government earns from this sector is used to fund several tourism projects in the country w3hich comprises construction of new restaurants and hotels. Besides, this money is also used to buy antiquities for the preservation purpose and to support archaeological research projects.

COVID-19 Impact on Egypt Antique Trade Market

Antiquities cannot fulfil the basic human survival needs; thus, this sector in the nation came across many challenges during the coronavirus pandemic. This sector was progressing well before pandemic hit the nation but during the pandemic obtaining success for this sector became difficult.  There was a huge reduction in demand for purchasing and selling antiques since everyone was focused on meeting their basic requirements. Since government maintaining social distancing, it was not possible for people to visit this market which led to significant disruption in its growth. The Egypt Antique Trade Market share is now evolving more since it has recovered form the COVID-19 impacts

Market Analysis by Distribution Channel

Based on distribution channel, the Antique Trade Market in Egypt is divided into Online and Offline. The market progress better on offline mode since buyers and sellers come together and make decisions. The offline segment will continue evolving in the sector.

Key attractiveness of the report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2018 to 2021.
  • Base Year: 2021.
  • Forecast Data until 2028.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • Egypt Antique Trade Market Outlook
  • Market Size of Egypt Antique Trade Market, 2021
  • Forecast of Egypt Antique Trade Market, 2028
  • Historical Data and Forecast of Egypt Antique Trade Revenues & Volume for the Period 2018 - 2028
  • Egypt Antique Trade Market Trend Evolution
  • Egypt Antique Trade Market Drivers and Challenges
  • Egypt Antique Trade Price Trends
  • Egypt Antique Trade Porter's Five Forces
  • Egypt Antique Trade Industry Life Cycle
  • Historical Data and Forecast of Egypt Antique Trade Market Revenues & Volume By Distribution Channel for the Period 2018 - 2028
  • Historical Data and Forecast of Egypt Antique Trade Market Revenues & Volume By Online for the Period 2018 - 2028
  • Historical Data and Forecast of Egypt Antique Trade Market Revenues & Volume By Offline for the Period 2018 - 2028
  • Egypt Antique Trade Import Export Trade Statistics
  • Market Opportunity Assessment By Distribution Channel
  • Egypt Antique Trade Top Companies Market Share
  • Egypt Antique Trade Competitive Benchmarking By Technical and Operational Parameters
  • Egypt Antique Trade Company Profiles
  • Egypt Antique Trade Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Distribution Channel

  • Online
  • Offline
Frequently Asked Questions About the Market Study: FAQs

1. Did the COVID-19 pandemic affect the market growth?

Antiquities cannot fulfil the basic human survival needs; thus, this sector in the nation came across many challenges during the coronavirus pandemic. There was a huge reduction in demand for purchasing and selling antiques since everyone was focused on meeting their basic requirements. Since government maintaining social distancing, it was not possible for people to visit this market which led to significant disruption in its growth.

2. When did the market start?

The antique trade market in the country started back in 1922, when people from the business world came together to discuss possibilities of setting up an antique sector.

3. When did this market become popular?

The market was not that successful when it started but in 1927, the very first auction happened and it was a great success. Since then, this market has been progressing effectively.

4. Which factor is driving this market?

The major factor that is evolving the demand for this sector in the country is that the interest among people in the nation to buy antiques is increasing more.

 
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