Event Logistics Market Size
|2020 - 2029
|Base Year For Estimation
|> 4.50 %
|Fastest Growing Market
*Disclaimer: Major Players sorted in no particular order
Need a report that reflects how COVID-19 has impacted this market and its growth?
Event Logistics Market Analysis
The global logistics sector is expected to grow at a CAGR of greater than 4.5 percent during the forecast period.
The COVID-19 epidemic has caused substantial supply chain issues across the world. Multiple major lockdowns continue to suppress, the flow of raw materials and finished goods, causing manufacturing to suffer. To restrict the spread of the epidemic, several government agencies in the region imposed a total lockdown. This led to travel restrictions, which had a substantial impact on the global supply networks and logistics business. The expansion of the event logistics market was globally hampered as a result of this. The global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting business collaborations and partnership opportunities.
Many famous festivals, athletic events, exhibits, and concerts were canceled in 2020 to halt the spread of the virus. The pandemic's limitations have even impacted private occasions such as weddings. Many highly-anticipated large international events scheduled for 2020 have been postponed.
The Olympics, which were scheduled to take place in Tokyo for the first time in history, were postponed for the first time, followed by the Hajj, IIFA film awards, movie promotion, music concerts, stand-up comedy shows, Sports Events (World Cup, T20 cricket tournament IPL, Football events, and other private and government sports events).
Event Logistics Market Trends
This section covers the major market trends shaping the Event Logistics Market according to our research experts:
The Resumption of Global Events
Due to the COVID-19 epidemic, all large-scale events in all categories have been postponed or canceled. This includes both the formal and informal sectors, events and trade shows, and entertainment events. The hit to the events business was significant but manageable. The industry has the option of adapting and introducing new ways to arrange events. The live event business will adapt and include a greater number of digital technologies to produce hybrid live/virtual events that will ultimately increase the potential scale of any form of the live event. Several sports leagues, like the NBA and MLB, have resumed play, but no spectators are permitted, and athletes and staff must follow strict health procedures.
Globally to support the event industry Germany announced $50 billion into the art economy similarly, the United Kingdom has released 150 million pounds in the art segment, To counter the impact of the novel virus Singapore, Dubai, and Australia have also released funds on the events, exhibition, and creative arts industry in India.
IFA, Europe's largest consumer electronics expo, is planning four live events in Berlin in early September, as well as a virtual extension. Medica in Dusseldorf, where the world of medicine meets each October, expects to proceed under strict hygiene and infection control measures. And, rather than being canceled, Automatica, another major show of smart automation and robotics, has been moved to December.
Technological Advancement in Event Logistics
With the pandemic, about 73.6 percent of event planners have improved their Information and technology skills. However, event professionals will continue to make the most of existing and developing technologies in order to adapt to customer demands and accelerate the industry's growth.
By adopting platooning tactics for long-haul routes, eliminating traffic congestion, and optimizing travel routes using AI-enhanced technologies, Fleetroot, established in the United Arab Emirates, provides an IoT platform for fleet management and control. Fleetroot provides fuel consumption and wastes data to fleet managers as part of its fuel management solutions.
Many firms are increasingly utilizing transportation management systems (TMS) in order to optimize their shipping transport operations and save expenses. This network links the numerous parties involved in transporting items from a manufacturer to a seller to a customer by managing the supply chain. It guarantees that coordinated products travel efficiently across each supply chain network segment.
Many transportation management systems employ radio-frequency identification (RFID) technology to track shipments via supply chain networks in order to reduce transportation costs and enhance warehouse operations. This system provides very accurate real-time cargo tracking and information. RFID gives real-time information about a product's position, amount, history, and destination, as well as tracking every movement of commodities across a supply chain. It also keeps track of where reusable shipping assets are so that they can be restored to service.
Technology makes the work of an event manager easier and allows them to focus on the main parts of an event. It helps in all aspects ranging from attendee satisfaction to project management.
Event Logistics Industry Overview
The market is fragmented with many companies across the globe. Numerous companies are concentrating on organic growth tactics such as new launches, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth tactics observed in the industry. These initiatives have opened the road for market participants to expand their business and client base. With the increased demand for event logistics in the worldwide industry, market payers in the event logistics market are expected to benefit from profitable growth opportunities in the future.
Some of the top names in this industry include DHL Supply Chain & Global Forwarding, Kuehne + Nagel, DB Schenker, Nippon Express, DSV Panalpina, C.H.Robinson, UPS Supply Chain Solutions, and others.
Event Logistics Market Leaders
DHL Supply Chain & Global Forwarding
Kuehne + Nagel International AG Transport company
DB Schenker: Global Logistics Solutions
DSV: Global Transport and Logistics
*Disclaimer: Major Players sorted in no particular order
Event Logistics Market News
July 2021: GWC, a Qatar-based supply chain solutions provider, is collaborating with FIFA, the Supreme Committee for Delivery & Legacy, and the FIFA World Cup Qatar 2022 LLC to perform logistics services before, during, and after the competition. GWC has outlined how 3,800,000m2 of logistics infrastructure, a global freight-forwarding network, and more than 1,200 specialist vehicles will support the first FIFA World CupTM in the Middle East. GWC will be heavily involved in tournament operations, including venue logistics, broadcasting, and cold-chain logistics, as well as shipping, customs clearance, transport, and warehousing.
March 2021: DHL Express, the world's top international express service provider, partnered as an Official Logistics Partner of the Mumbai Indians for the Indian Premier League (IPL) 2021. This agreement with the Mumbai Indians made the company's first-ever cricket sponsorship in the world.
Event Logistics Market Report - Table of Contents
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis
4.5 Porter's Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Inventory Control
5.1.2 Distribution Systems
5.1.3 Logistics Solutions
5.2 By Application
5.2.3 Trade Fairs
5.3.1 North America
126.96.36.199 Rest of North America
188.8.131.52 Rest of Europe
5.3.3 Asia Pacific
184.108.40.206 Rest of Asia Pacific
5.3.4 Middle East
220.127.116.11 Saudi Arabia
18.104.22.168 Rest of Middle East
5.3.5 Rest of the World
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 DHL Supply Chain & Global Forwarding
6.2.2 Kuehne + Nagel International AG Transport company
6.2.3 DB Schenker Global Transport and Logistics
6.2.4 Nippon Express
6.2.5 DSV Panalpina Global Logistics Solutions
6.2.6 C.H. Robinson Transport company
6.2.7 Sinotrans Logistics Company
6.2.8 XPO Logistics
6.2.9 UPS Supply Chain Solutions
6.2.10 Expeditors Internationals Logistic Company*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Event Logistics Market Research FAQs
What is the current Global Event Logistics Market size?
The Global Event Logistics Market is projected to register a CAGR of greater than 4.5% during the forecast period (2024-2029)
Who are the key players in Global Event Logistics Market?
DHL Supply Chain & Global Forwarding, Nippon Express, Kuehne + Nagel International AG Transport company, DB Schenker: Global Logistics Solutions and DSV: Global Transport and Logistics are the major companies operating in the Global Event Logistics Market.
Which is the fastest growing region in Global Event Logistics Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Global Event Logistics Market?
In 2024, the Asia-Pacific accounts for the largest market share in Global Event Logistics Market.
What years does this Global Event Logistics Market cover?
The report covers the Global Event Logistics Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Global Event Logistics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Event Logistics Industry Report
Statistics for the 2024 Event Logistics market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Event Logistics analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.