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The fine arts logistics involves transportation, packaging, storage, and import authorization of fine arts porcelains, such as arts, paintings, antiques, and sculptures. All the artworks are warehoused in the dedicated humidity and temperature meticulous warehouses, which are prepared with the safekeeping web-enabled cameras and closed-circuit televisions. The generated sales revenue of the global fine arts market is majorly contributed by art dealers, auction houses, galleries, and museums. Fine arts logistics has now been adopted by art galleries, museums, and other art collection, which is expected to boost the fine arts logistic market during the forecast period.
Market scope and structure analysis
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast unit | Value (USD) |
Segments covered | Type and Application |
Geographies covered | North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa) |
Companies covered | Agility, DHL, DB Schenker, KUEHNE + NAGEL, Rhenus Logistics, DMS Global Event Logistics, SITE EVENT LOGISTICS, Chaucer Logistics Group, SOS Global Express, and EFI Logistics |
COVID-19 scenario analysis
Top impacting factors: market scenario analysis, trends, drivers, and impact analysis
Some of the factors that boost the growth of the market include increase in the demand of professional fine arts and endlessly developing fine art logistics market. However, expenses linked with the fine art logistics and lack of accessibility of skilled professionals are the limiting aspects of the market. Conversely, growth in the e-commerce fine art sales and continuous technological improvements considering fine arts logistics are expected to offer lucrative opportunities for the market during the forecast period.
The fine art logistics market trends are as follows:
Increase in demand of professional fine arts
The growing demand for professional fine art logistics services is considered to be one of the major factors expected to attract attention in the global art logistics market during the forecast period. Professional fine art logistics services provide high-end event logistics and supply chain solutions with value-added services (VAS). These services include transportation, packaging, and storage. In addition, the demand is growing for logistics from professional fine arts dealers and galleries, owing to strong private sales of professional fine arts products.
Establishment of International Convention of Exhibition and Fine Art Transporters (ICEFAT) for fine arts logistics
ICEFTA represents more than 70% of the independent transportation art firms from more than 30 countries. ICEFTA helps to promote the premier standards of professionalism in the field of fine arts gallery and museum shipping. In addition, the organization helps the exchange of ideas between players in the field of shipping, packaging, and forwarding of artifacts and antiquities through annual conventions. Moreover, the art transportation firm represented by ICEFAT specializes in shipping artwork and handling works of art, antiquities, artifacts for galleries, museums, auction houses, dealers, and private art collectors. Thus, the establishment of International Convention of Exhibition and Fine Art Transporters (ICEFAT) is anticipated to propel the market growth.
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