Event Logistics Market Receive a Fillip Owing to Burgeoning Demand During the Forecast Period 2031

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.

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.

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.

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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.

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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.

Event Logistics Market Share Analysis by Geography
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.

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This release was published on openPR.