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The event logistics market size is projected to reach US$ 122.20 billion by 2031 from US$ 75.86 billion in 2023. The market is expected to register a CAGR of 6.1% during 2023–2031. The emerging need for cost-effective airport systems is likely to remain a key trend in the market.
Event Logistics Market Analysis
The rise in the number of corporate events and trade fairs/shows for product launch events, industry trends, meetings, conferences, award ceremonies, and seminars, among others, are driving the event logistics market. In addition, a rise in corporate spending toward these events is anticipated to create opportunities for the companies operating in the event logistics market from 2023 to 2031. In 2023, an average of 65% of companies worldwide reported an increase in meeting and event spending (North America at 65%, Europe at 66%, Latin America at 63%, and Asia at 67%). According to American Express, 10% of these companies reported a significant increase in spending on corporate events of more than 11% in 2023 as compared to 2022. Moreover, a rise in corporate events in the renewable energy industry to promote the use of renewable energy sources through product launches, conferences, and other events. For instance, according to the EventsEye stats on the number of corporate events in the renewable energy industry, more than 800 trade shows related to clean or renewable energy are scheduled till December 2025. This is projected to fuel the growth of the event logistics market from 2023 to 2031.
Event Logistics Market Overview
Several companies are focusing on event logistics services to cater to the requirements of end users such as media & entertainment, sports events, corporate events & trade fairs/shows, and cultural events. A majority of companies have been focusing on expanding their service range in inventory management and freight forwarding and focusing on adopting green logistics to remain competitive in the market. For instance, in 2023, DHL Group introduced DHL Supply Chain's Green Transport Policy, which became a part of the company's investment in decarbonized transport solutions. The continuous development and innovation in logistic services such as inventory management, distribution, pallets & packaging, freight forwarding, and aftermarket services are anticipated to boost the event logistics market growth. DSV A/S; CH Robinson; KUEHNE + NAGEL; CEVA Logistics; DB SCHENKER; DHL International GmbH; FedEx; UPS; XPO Logistics, Inc.; and GEODIS are among the major event logistics service providers in the world.
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Event Logistics Market: Strategic Insights
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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Event Logistics Market: Strategic Insights
Naveen
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Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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Event Logistics Market Drivers and Opportunities
Growth of Events Industry
The events industry is one of the largest and most diverse sectors worldwide. Large events such as festivals, concerts and exhibitions to smaller events such as personal parties and seminars are categorized under the extremely broad spectrum of this industry. The events industry continues to thrive every year, growing successfully and impacting the lives and businesses of many people across the globe. The corporate events and trade fairs/shows segment recorded more than US$ 1 trillion in terms of revenue in 2022. With the rising number of events such as corporate, cultural, sports, media & entertainment, among others, there is an increase in demand for the design and development of sufficient event logistics infrastructure across the globe. Thus, the growth of the events industry drives the event logistics market.
Increasing Adoption of Sustainable Solutions
The need for proper transport and logistics services has been rising owing to population growth worldwide. Many countries are shifting to green logistics and services to reduce the environmental impacts of conventional logistics. Sustainable and environment-friendly logistics services highlight lowering emissions by utilizing clean energy sources, such as wind and solar, to power fleet vehicles. As the world is already facing high air pollution levels, especially in major countries such as the US, Canada, Saudi Arabia, the UAE, Germany, France, China, and India, this sustainable approach is significantly beneficial. By shifting to green transport and logistics for efficient event management, companies are anticipated to take various measures to reduce these emissions. Many large and medium-sized organizations are opting for initiatives to optimize their business processes to reduce carbon footprints. According to the US Environmental Protection Agency (EPA), the transportation and logistics sectors are among the major contributors to carbon emissions and accounted for ~29% of the total GHG emissions in 2022. Several event logistics companies across the globe are involved in green logistics practices. Many event logistics firms are supporting shippers to enhance mobility by suggesting environmentally friendly modes of transportation. In 2023, the event logistics arm of DHL Group—DHL Supply Chain's Green Transport Policy—became a part of the company's investment in decarbonized transport solutions and introduced the Green Transport Policy.
Event Logistics Market Report Segmentation Analysis
Key segments that contributed to the derivation of the event logistics market analysis are type and end user.
- Based on type, the event logistics market is segmented into inventory management, delivery management, freight forwarding, pallets and packaging services, and others. The freight forwarding segment held the largest market share in 2023.
- Based on end user, the event logistics market is segmented into media & entertainment, sports events, corporate events & trade fairs, cultural events, and others. The corporate events & trade fairs segment dominated the market in 2023.
Event Logistics Market Share Analysis by Geography
The geographic scope of the event logistics market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Europe dominated the market in 2023, followed by Asia Pacific and North America. Further, Asia Pacific is likely to witness the highest CAGR in the coming years. This is mainly due to the rising number of corporate and sports events across different countries in Asia Pacific. Further, the presence of some of the highly populated countries such as India, China, and Japan are some of the highly opportunity providing countries for new businesses as well. This is the main reason behind the rising number of FDI investments across such countries for the establishment of new businesses across the region. These factors are likely to drive the demand for event logistics in the Asia Pacific region in the coming years.
Event Logistics Market Report Scope
Event Logistics Market News and Recent Developments
The event logistics market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the event logistics market are listed below:
Market-leading and UK-based global event organizer Clarion Events has selected Kuehne+Nagel as their Official Global Logistics Partner from January 2024 on a long-term contract. The purpose-led partnership will focus on reducing the carbon footprint of exhibitions and setting new standards for the events industry. (Source: Kuehne+Nagel, Press Release, Jan 2024)
- CEVA Logistics, a subsidiary of the CMA CGM Group, has signed a new multi-year agreement to continue providing all logistics services for Scuderia Ferrari's cars and equipment during Grand Prix events, as well as for GT races and Ferrari Challenge events. (Source: CEVA Logistics, Press Release, Jan 2024)
Event Logistics Market Report Coverage and Deliverables
The “Event Logistics Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Event logistics market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Event logistics market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST analysis
- Event logistics market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the event logistics market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The event logistics market is likely to register a CAGR of 6.1% during 2023-2031.
DSV A/S, C H Robinson Worldwide Inc, CEVA Logistics, DB Schenker, DHL International GmbH, FedEx, Kuehne+Nagel, Rhenus Group, United Parcel Service of America Inc, and XPO Logistics Inc are a few of the key players profiled under the report.
A rise in corporate exhibitions/events in the growing construction & renewable energy industry is one of the major trends in the market.
Europe dominated the event logistics market in 2023.
The growth of the events industry and a rise in strategic initiatives by key players are a few of the factors driving the event logistics market.
The estimated value of the event logistics market by 2031 is expected to reach US$ 122.20 billion.
The List of Companies - Event Logistics Market
- DSV A/S
- C.H. Robinson Worldwide, Inc
- CEVA Logistics
- DB Schenker
- DHL International GmbH
- FedEx
- Kuehne+Nagel
- Rhenus Group
- United Parcel Service of America, Inc
- XPO Logistics, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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