Event Logistics

Event Logistics

Global Event Logistics Market to Reach US$70.8 Billion by 2030

The global market for Event Logistics estimated at US$57.4 Billion in the year 2023, is expected to reach US$70.8 Billion by 2030, growing at a CAGR of 3.1% over the analysis period 2023-2030. Entertainment Vertical, one of the segments analyzed in the report, is expected to record a 3.8% CAGR and reach US$27.9 Billion by the end of the analysis period. Growth in the Sports Vertical segment is estimated at 3.0% CAGR over the analysis period.

The U.S. Market is Estimated at US$15.6 Billion While China is Forecast to Grow at 6.1% CAGR

The Event Logistics market in the U.S. is estimated at US$15.6 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$14.6 Billion by the year 2030 trailing a CAGR of 6.1% over the analysis period 2023-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 0.9% and 2.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.6% CAGR.

Event Logistics - Key Trends and Drivers

Event logistics refers to the comprehensive process of planning, organizing, and managing the logistical and technical aspects necessary to ensure the successful execution of an event. This involves coordinating various elements, such as transportation, storage, staff management, security, catering, and technology, to create a seamless experience. Event logistics encompasses a broad range of activities, from the initial venue selection to post-event analysis. It requires meticulous attention to detail and coordination among multiple parties to ensure that all components work harmoniously. The primary objective is to provide a well-orchestrated event where everything operates smoothly, ensuring that attendees have a positive and memorable experience. Effective event logistics is crucial for the overall success of events such as trade shows, conventions, concerts, and sporting events, making it a vital aspect of event management.

The growth of the event logistics market is driven by several key factors, with cost reduction through outsourcing being a significant one. Organizers increasingly rely on third-party logistics (3PL) providers to manage their logistical needs, allowing them to concentrate on core activities while leveraging the specialized skills and infrastructure of these providers. This outsourcing helps reduce operational costs associated with transportation, warehousing, and the installation of event equipment, such as audio-visual systems and staging materials. Additionally, technological advancements have played a crucial role in driving growth. Modern logistics companies utilize cloud-based customer relationship management (CRM) solutions and transportation management systems (TMS) to enhance supply chain visibility and efficiency. These technologies facilitate better planning, real-time tracking, and streamlined operations, making logistics management more effective and responsive to the dynamic needs of events. Furthermore, the rise of hybrid and virtual events has expanded the scope of event logistics, requiring more sophisticated solutions to manage both physical and digital components seamlessly.

Several noteworthy trends are shaping the event logistics landscape, reflecting the industry`s evolving nature and growing complexity. One significant trend is the increasing use of telematics in logistics operations. Telematics systems provide real-time data on vehicle conditions, traffic, loading capacity, and cargo status, which helps optimize routing, reduce standby times, and enhance overall efficiency. This technology also improves safety and reduces wear on vehicles, contributing to more sustainable logistics practices. Another trend is the heightened focus on sustainability within the industry. Logistics providers are adopting eco-friendly transportation options, such as hybrid and electric vehicles, to minimize their environmental impact. This shift towards greener logistics not only helps reduce carbon footprints but also meets the growing demand for sustainable practices from event organizers and attendees alike. Additionally, there is a rising demand for value-added services (VAS) tailored to the specific needs of events. This includes customized solutions for transportation, warehousing, and on-site management, which enhance the overall quality and efficiency of events. The event logistics industry continues to evolve, driven by technological advancements and the ever-changing demands of the event management sector.

Select Competitors (Total 43 Featured) -

• Acme Global Logistics
• C.H. Robinson Worldwide, Inc.
• CEVA Logistics
• Charles Kendall Group
• DB Schenker AG
• DHL International GmbH
• DSV A/S
• EFI Logistics
• Expeditors International of Washington, Inc.
• FedEx Corporation
• GEODIS SA
• Kuehne + Nagel Management AG
• Nippon Express Co., Ltd
• Sinotrans Ltd.
• United Parcel Service of America, Inc.
• XPO Logistics, Inc.;

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