The global fine arts logistics market is anticipated to grow at a considerable CAGR of 4.5% during the forecast period. The key driver of the market is the growing number of museums across the globe. For instance, according to UNESCO’s museums around the world in the face of COVID-19 report published in 2021, there were about 104,000 museums in 2020, compared to just 22,000 in 1975. Additionally, the growth of online sales of art and collectibles is also driving demand for fine art logistics services. As more art buyers shift their activities online, the need for secure and efficient transportation of art objects is increasing, driving growth in the fine art logistics market.
Owing to such factors, key market players such as Crozier, Lufthansa Cargo, and others are expanding their logistics capacities through acquisitions and other activities. For instance, in August 2022, Crozier, a global leader in fine arts storage and logistics, moved into Asia with the acquisition of IFAS, a Hong Kong-based provider of art storage, logistics, and installation. This is Crozier's first acquisition in Hong Kong, an important and expanding market for the art world. Crozier is perfectly positioned to help artists, museums, collectors, institutions, and galleries with the secure transfer and storage of art on a worldwide scale, with 30 facilities throughout 11 global markets in the US, Europe, and now Asia.Additionally, in June 2022, Lufthansa Cargo unveiled its new Fine Arts storage building at the Frankfurt Hub, continuing its efforts to upgrade its largest airfreight hub. The ARTcube in the Lufthansa Cargo Center now has twice the room for secure and professional storage of high-value fine arts of all types, measuring 155 square meters.
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• The Market Number Available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
Segment Covered-
• By Services
• By End-Users
Regions Covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
Competitive Landscape-Fine Art Logistics, Four Winds, Isca Forwarding Ltd., Katolec Corp., Lotus Fine Arts,and others.
Fine Arts Logistics Market Report Segment
By Services
• Art Storage Services
• Packing and Casemaking
• Shipping Services
By End-Users
• Art Dealers and Galleries
• Auction Houses
• Museums and Art Fairs
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Fine Arts Logistics Market Report Segment by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
• Latin America
• Middle East and Africa
Company Profiles
• Agility Public Warehousing Company K.S.C.P.
• Asian Tigers
• Cadogan Tate
• Cosmos International Freight Ltd.
• Crown Worldwide Group
• DB Schenker
• Deutsche Post AG
• Fine Art Logistics
• Four Winds
• Isca Forwarding Ltd.
• Katolec Corp.
• Lotus Fine Arts
• Masterpiece International
• Nippon Express Co., Ltd.
• Star Worldwide Group
• Transworld Group
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