Global Fine Arts Logistics Market Sluggish Growth Rate Foreseen by 2022-2028

The global fine arts logistics market is anticipated to grow at a CAGR of 4.1 % during the forecast period (2022-2028). An increase in the demand for professional fine arts and an ever-expanding fine art logistics is fuelling the growth of the market. However, the market is constrained by costs associated with fine art logistics and a scarcity of skilled professionals. Growth in e-commerce fine art sales along with the continuous technological advancements in fine arts logistics, is expected to provide lucrative opportunities for the market during the forecast period.

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One of the major factors expected to attract attention in the global art logistics market during the forecast period is the growing demand for professional fine art logistics services. Professional fine art logistics services offer high-end event logistics and supply chain solutions with added value (VAS). Furthermore, as a result of strong private sales of professional fine arts products, there is an increase in demand for logistics from professional fine arts dealers and galleries during the forecast period.

The COVID-19 pandemic had the most dramatic and far-reaching effect on the arts and cultural heritage sector. The global health crisis and the uncertainty that resulted from it had a significant impact on the organization's operations as well as individuals both employed and self-employed across the globe. While reacting to an unexpected change in their business model with an unknown end, the arts and culture sector organizations attempted to uphold their mission of providing community access to cultural heritage. Most cultural institutions across the globe have been closed indefinitely or have had their services drastically reduced, and in-person exhibitions, events, and performances have been cancelled or postponed. Additional services will be provided via digital platforms in order to maintain essential activities with limited resources and to document the events themselves through new acquisitions, including new creative works inspired by the pandemic expected to contribute to the market during the forecast period.

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Market Coverage

The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Type
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Agility, DHL, DB Schenker, Iron Mountain (Crozier), Crown, MTAB, Freight Systems, Aetna Fine Art Logistics, Atelier 4, Grace Fine Art, among others.

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Fine Arts Logistics Market Report by Segment

By Type

Transportation
Packaging
Storage
Others

By Indication

Art Dealers and Galleries
Auction Houses
Museum and Art Fair
Others

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This release was published on openPR.