Market Size of Global Event Logistics Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.50 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*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).
