Event logistics Market involve delivering, controlling, and planning the physical flow of goods. To meet customers’ requirements, accurate information is to be shared by the respective department about the events that have been held. Contracting firms are specialized in handling functions such as storage, warehousing, freight, and storage. The event logistics market consists of several types of events, including entertainment, sports, trade fairs, and other events, including cultural festivals, business conferences, and government-sponsored events.
The global event logistics market was valued at USD 62.9 billion in 2023, and it is anticipated to grow up to USD 85.8 billion by 2033, at a CAGR of 3.1% during the forecast period.
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- 9 – Chapter
- 359 – Pages
- Industry: Automotive & Transportation
Key trends:
With the growing industries worldwide, the events are also increasing daily. To organize daily events, event organizers need faster transport systems, such as on-time delivery or just-in-time delivery, to deliver goods quickly. Thus, the air freight services will help faster goods transportation with more safety. With the increasing demand for quick delivery, express shipping is trending nowadays. The express shipping option of air freight makes it valuable for coordinating time-sensitive shipments globally. Small and mid-sized companies benefit from air freight as it allows them to participate in trade shows expeditiously and effectively. Third-party logistics can determine the most reliable and cost-effective means of using air freight options to transport deliveries.
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Market Segmentation:
By Type:
It is segmented into inventory management, delivery systems, freight forwarding, and others. The freight forwarding segment was the largest segment in the event logistics market in 2023. Growth of the global freight forwarding services are propelling, owing to growth in international trade, expansion of the e-commerce industry globally, and rise in the free trade agreements between nations. Further, freight forwarders manage the risks and benefits of shipping both nationally and internationally by performing the required tasks such as freight rate negotiations, container tracking, customs documentation and freight consolidation. Due to these factors mentioned above, the freight forwarding segment is expected to hold a major market share in 2023.
By Application:
It is segmented into entertainment and media, sports, corporate events and trade fair, and others. The sports segment is expected to be the largest segment in the event logistics market in 2023, owing to the growth in global sports industry. The emergence of e-sports, rising sponsorships, and an increase in internet accessible devices will drive the growth of the sports industry. Thus, the sports segment will likely hold a major market share in 2021.
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Data Summary:
Report Attribute | Details |
| Market Size in 2021 | US$ 58.3 Billion |
| Market Size in 2031 | US$ 81.2 Billion |
| CAGR % | 3.3% |
| Historic Period | 2015-2020 |
| Forecast Period | 2022-2031 |
| Base Year | 2021 |
| Segments Covered | Type, Application, and Region |
| Key Companies | AFP Global Logistics (US), CEVA Logistics (France), Charles Kendall Group (UK), DHL International GmbH (Germany), FedEx Corporation (US), GEODIS (France), Kuehne + Nagel Management AG (Switzerland), Rhenus Group (Germany), Schenker AG (Germany), and XPO Logistics, Inc. (France) |
| Regional Scope | North America, Europe, Asia Pacific, Central & South America, Middle East & Africa |
| Analysis Coverage | Market Forecast, Competitive Landscape, Drivers, Trends, Restraints, Opportunities, Value-Chain, PESTLE, Key Events and Developments |
Recent Developments
- April 2022, FedEx Corporation mentioned its logistics subsidiary had opened a new global headquarters in downtown Memphis, Tennessee.
- May 2021, FedEx Express announced its association with Reimagining Inclusion for Social Equity (RISE) 2021 as its official logistics partner. The event is Pride Circle’s annual flagship event, and India’s premier and biggest LGBT+ conference, job fair, and marketplace. The virtual event held on May 4-8, 2021, and hosted more than 1,000 changemakers, business leaders, organizations, students, diversity and inclusion professionals, advocates, and experts from around the world.
- March 2021, DHL Express joins Mumbai Indians as Principal Sponsor and Official Logistics Partner. This partnership with Mumbai Indians marks DHL Express first-ever cricket sponsorship, globally. The association with global brand like DHL Express highlights Mumbai Indians growing stature as a fast-emerging global sports club and preferred brand of choice.
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Key Players:
- AFP Global Logistics (US)
- CEVA Logistics (France)
- Charles Kendall Group (UK)
- DHL International GmbH (Germany)
- FedEx Corporation (US)
- GEODIS (France)
- Kuehne + Nagel Management AG (Switzerland)
- Rhenus Group (Germany)
- Schenker AG (Germany)
- XPO Logistics, Inc. (France)
By Region
- North America (U.S., Canada, Mexico)
- Europe (UK, Germany, France, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific)
- Latin America (Brazil, Argentina, Rest of Latin America)
- Middle East and Africa (UAE, Saudi Arabia, Rest of Middle East And Africa)
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