Asia Pacific Event Logistics Market Forecast to 2031 - Regional Analysis - by Type (Inventory Management, Delivery Management, Freight Forwarding, Pallets and Packaging Services, and Others) and End User (Media and Entertainment, Sports Events, Corporate

Asia Pacific Event Logistics Market Forecast to 2031 - Regional Analysis - by Type (Inventory Management, Delivery Management, Freight Forwarding, Pallets and Packaging Services, and Others) and End User (Media and Entertainment, Sports Events, Corporate Events and Trade Fairs, Cultural Events, and Others)

The Asia Pacific event logistics market was valued at US$ 23,624.20 million in 2023 and is expected to reach US$ 41,424.46 million by 2031; it is estimated to register a CAGR of 7.3% from 2023 to 2031.

Rise in Corporate Exhibition/Events in Growing Construction and Renewable Energy Industry Boost Asia Pacific Event Logistics Market

Various renewable energy companies in Asia Pacific are raising spending on corporate events or exhibitions, which is boosting the number of such events. These events are focused on building relations with the community in various sectors, including solar, wind, geothermal, wave energy, bioenergy, and others. By participating exclusively in the top trade fairs of these industries, companies have the opportunity to increase their brand awareness and make a statement about their products and services in this highly growing renewable energy industry. In addition, trade shows are a robust platform that allows companies to showcase their entire business at one booth, raising company awareness among customers. A company can focus on products, services, as well as its work culture and values to ensure that potential customers visit its exhibition stand. As a result, there is a rise in spending on establishing such exhibition stands, which is expected to be the key future trend in driving the demand for event logistics services.

Events or trade shows in the construction industry are arranged each year with a focus on client engagement, product launches, and creating opportunities for business growth, among others. A few of the top construction trade shows include the Bauma China, Construction Indonesia, INTERMAT ASEAN, MCE - Mostra Convegno Expocomfort, and India Construction Expo. For instance, Construction Indonesia is a major trade show held at the Jakarta International Expo, attracting around 15,000 to 20,000 visitors and over 400 exhibitors from various construction sectors. It features a large exhibition area and offers networking opportunities, seminars, and workshops on industry trends and technologies.

Thus, the rise in corporate events or trade shows is anticipated to fuel the Asia Pacific event logistics market growth in the coming years.

Furthermore, renewable energy technologies such as solar, wind, geothermal, hydropower, ocean, and others are highly growing power generation technologies across the globe. Rise in awareness and investment towards generation of electricity sustainably through the renewable sources is expected to grow in the future. To showcase or advertise the new and technologically advanced products in this industry, the companies or associations are spending arranging corporate events or trade exhibition/shows. This will benefit companies in creating business opportunities with other competitors in the market by adopting strategies such as partnership, collaboration, agreements, and others. According to EventsEye, there are more than 400 trade shows scheduled in the year 2024 such as Intersolar Europe, World Hydrogen Energy Conference and Exhibition, EXPO Solar, ASEAN Solar EXPO, and others.

Asia Pacific Event Logistics Market Overview

Asia Pacific event logistics market has been further categorized into Australia, China, India, Japan, South Korea, and Rest of Asia Pacific region. The presence of some of the highly economically developing countries such as India, Vietnam, Indonesia, China, Malaysia, and Thailand, is one of the major factors likely to generate new opportunities for event logistics market vendors in the coming years. The market for event logistics in these countries will be driven due to the rise in number of businesses and sports industry that mainly drives the event logistics industry. Further, the emerging media and entertainment sector across these countries is another major factor driving the growth for event logistics in the Asia Pacific region. Rise in number of music concerts and other entertainment shows across the countries such as Japan, India, Indonesia, and Malaysia, is also driving the demand for event logistics in the region.

Further, the rising FDI investments from the international businesses of different countries is pushing the establishment of new businesses in the Asia Pacific countries which is further likely to generate new opportunities for business conferences and events in the Asia Pacific countries. Moreover, the rise in number of sports events in the highly populated countries such as India and Japan are another major factor driving the growth for event logistics in the region.

Asia Pacific Event Logistics Market Revenue and Forecast to 2031 (US$ Million)

Asia Pacific Event Logistics Market Segmentation

The Asia Pacific event logistics market is categorized into type, end user, and country.

Based on type, the Asia Pacific event logistics market is segmented inventory management, delivery management, freight forwarding, pallets and packaging services, and others. The freight forwarding segment held the largest market share in 2023.

In terms of end user, the Asia Pacific event logistics market is categorized into media and entertainment, sports events, corporate events and trade fairs, cultural events, and others. The corporate events and trade fairs segment held the largest market share in 2023.

By country, the Asia Pacific event logistics market is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific event logistics market share in 2023.

C H Robinson Worldwide Inc, CEVA Logistics AG, DB Schenker, Deutsche Post AG, DSV AS, FedEx Corp, GEODIS SA, Kuehne + Nagel International AG, and United Parcel Service Inc are some of the leading companies operating in the Asia Pacific event logistics market.

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