Global Fine Art Handling and Logistics Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Fine Art Handling and Logistics Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Fine Art Handling and Logistics mainly refers to a series of services such as handling, packing, transportation, and installation of artworks such as Sculptures, Painting, Artifacts, etc., in a personalized way. Typically, Fine Art Handling and Logistics providers provide comprehensive art logistics solutions for museums, galleries, hotels, art exhibition organizers, art lovers and collectors.

Market Overview:

The latest research study on the global Fine Art Handling and Logistics market finds that the global Fine Art Handling and Logistics market reached a value of USD 2916.73 million in 2022. It’s expected that the market will achieve USD 3978.44 million by 2028, exhibiting a CAGR of 5.31% during the forecast period.

Influence of COVID-19 Outbreak on Fine Art Handling and Logistics Industry Development

Affect the normal operation of the industry

The unprecedented crisis brought on by COVID-19 in 2020 continues to have a clear and significant impact on the global workforce, industries, countries and the global economy. For the Fine Art Handling and Logistics industry, in the short term, there is a severe drop in art trade due to almost no art fairs. Fine Art Handling and Logistics faced reduced management efficiency, severely disrupted commutes, delayed marketing, forced brand realignment, and declining company and revenue. In addition, transportation costs have risen significantly due to greatly reduced flight schedules.
In the long term, as the epidemic gradually improves or ends, the impact on the Fine Art Handling and Logistics industry will gradually diminish. The market demand for Fine Art Handling and Logistics will gradually return to its original level.

SME

The epidemic will have an impact on the cash flow of small and medium-sized enterprises in the industry and thus affect the operating conditions. As a result, the share of small and medium-sized enterprises in the market will shrink and the share of head enterprises will increase.

Strength

Art galleries, auction houses and other venues have a growing demand for artwork logistics

With the rapid development of global economy and culture, domestic and international cultural exchanges are becoming more and more frequent, and there are more and more large-scale art exhibitions. In the U.S., for example, data show that the number of businesses in the U.S. museum industry grew by an average of 0.5% per year over the five-year period from 2017 to 2022. In China, the number of art museum exhibitions is increasing year by year, and the number of visitors is also increasing. In 2018, China held a total of 7,021 museum exhibitions, an increase of 3.9% over 2017.

In the context of the increasing number of artwork exhibitions, the absolute safety of artworks in terms of storage, packaging, transportation, and exhibition arrangement has become a key concern. Therefore, the demand for art logistics for art exhibitions is also growing. Thus, this also drives the market development of Fine Art Handling and Logistics.

The advent of art insurance

With the prosperity of the global art market and the gradual rise of art prices, more and more individual collectors and institutions have invested in the art market for collection and investment. However, due to the precious characteristics and uniqueness of artworks, there are also huge risks hidden behind its huge appreciation space. Especially for museums, art galleries and large-scale exhibitions, the risk of centralized storage of a large number of artworks is self-evident. In the process of art transaction, transportation and collection, factors such as fire, flood, theft and other factors also pose a threat to the safety of art. Therefore, art insurance is undoubtedly the most effective means of risk management.

Artwork insurance transfers the risk of loss during the operation of logistics enterprises to insurance companies. Artwork insurance enables logistics companies to focus on their own business development, solves the worries of logistics companies in the operation process, and effectively promotes the healthy development of art logistics industry. In fact, the development of artwork insurance is a win-win cooperation for logistics companies and insurance companies. Insurance companies have developed and expanded new types of insurance, and art logistics companies have also gained a guarantee for their own business operations in the process. Art insurance has brought the greatest economic and social benefits to each other.

Therefore, the emergence of art insurance has largely driven the development of the Fine Art Handling and Logistics industry.

Region Overview:

From 2022-2027, Europe is estimated to witness robust growth prospects.

Company Overview:

Crown Worldwide Group is a privately owned global logistics company founded in 1965 and headquartered in Hong Kong. Crown Worldwide Group is an extraordinary and purposeful business dedicated to making it easier to live, work and do business anywhere in the world through a broad portfolio of complementary brands. Crown Fine Art provides professional services for the planning, storage, installation and movement of fine art.

hasenkamp is Europe's leading logistics service provider for the transportation and storage of sensitive and high-quality goods. hasenkamp is the right partner for artwork shipping, overseas moving, EDP moving, as well as new furniture shipping and document storage.In server relocation, data center relocation, internship relocation as well as laboratory relocation and IT relocation, hasenkamp not only provides customers with physical transportation services, but also disassembly, introduction and assembly of sensitive equipment. In addition, hasenkamp provides customers with solutions for file storage and document storage.

Crown, hasenkamp, DB Schenker, Andre Chenue, Iron Mountain (Crozier) and Masterpiece International are the five key players in the global Fine Art Handling and Logistics market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Fine Art Handling and Logistics market in the past 5 years.

Segmentation Overview:

Among different product types, Painting segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Art Dealers and Galleries segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Fine Art Handling and Logistics market covered in Chapter 3:

DB Schenker
U.S.Art
Iron Mountain (Crozier)
Sinotrans
Helu-Trans
Agility
UAPL
Grace Group
Gander & White
Crown
Masterpiece International
LP ART
Yamato Transport
Andre Chenue
hasenkamp
DHL

In Chapter 4 and Chapter 14.2, on the basis of types, the Fine Art Handling and Logistics market from 2018 to 2029 is primarily split into:

Sculptures
Painting
Artifacts
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Fine Art Handling and Logistics market from 2018 to 2029 covers:

Art Dealers and Galleries
Auction Houses
Museum and Art Fair
Other

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)