Asia Pacific Event Logistics Market Size

Asia Pacific Event Logistics Market Analysis

The Asia Pacific Event Logistics Market size is estimated at USD 22.88 billion in 2024, and is expected to reach USD 31 billion by 2029, growing at a CAGR of 6.26% during the forecast period (2024-2029).

• The Asia Pacific event logistics market is growing rapidly as more events, conferences, and exhibitions are being held in the region. Rapid urbanization and the economic growth of the region are driving the demand for logistics services. Technology is also playing a role in the efficiency of logistics operations for Asia Pacific events.
• To promote the logistics in the Asia Pacific region, at the G20 Summit held in New Delhi, the government is taking initiatives to develop a transport corridor to link India, the Middle East, and Europe by rail, air, and sea.
• For Instance, in September 2023, The Transport Logistics and Air Cargo trade fair is in Southeast Asia with Singapore as the hub for transport logistics and air cargo in the region. MMI Asia announced the dates of the Southeast Asian edition of the transport logistics and air cargo show along with key industry stakeholders, including Changi Airport Group, SATS Ltd, and DHL Express, on 15 November. MMI Asia and the Singapore Tourism Board (STB) signed an MoU on 15 November for the organization of multiple biennial editions of the Transport Logistics & Air Cargo trade fair in Singapore. The Southeast Asian edition will be held at Marina Bay Sands in Singapore from 13 to 15 September 2023. The trade fairs and exhibitions are growing in the region, and so is the demand for event logistics is growing.
• For Instance, in October 2023, The World Cup 2023, which was held in India, the DP World and International Cricket Council (ICC) signed a partnership, and DP World launched its new ‘Beyond Borders’ initiative in collaboration with cricket star batsman and International Cricket Council (ICC) President. DP World utilizes its comprehensive network and intelligent logistics solutions to deliver 50 reused shipping containers to local cricket clubs across the globe. Each container is equipped with the necessary equipment.
• The new DP World Global ambassador launched the first container ahead of the 2023 edition of ICC Men's 50 Over Cricket World Cup in India, which will be held in the country from October 5 to November 19. At NSCI in Mumbai, Tendulkar unveiled the first container along with 40 Cricket kits. The first container of DP World will be placed at Palghar Sports Club in Maharashtra. Another 210 kits will be distributed among young cricketers coming from academies such as the one at Achrekar Cricket Academy and the one at Shivaji Park Gymkhana Academy.