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.
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.
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.
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.
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.
Key segments that contributed to the derivation of the event logistics market analysis are type and end user.
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.
The regional trends and factors influencing the Event Logistics Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Event Logistics Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 75.86 Billion |
| Market Size by 2031 | US$ 122.20 Billion |
| Global CAGR (2023 - 2031) | 6.1% |
| Historical Data | 2021-2022 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Event Logistics Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Event Logistics Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
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)
The “Event Logistics Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The List of Companies - Event Logistics Market
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.