Middle East & Africa 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, Co

Middle East & Africa 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 Middle East & Africa event logistics market was valued at US$ 2,996.65 million in 2023 and is expected to reach US$ 4,093.57 million by 2031; it is estimated to register a CAGR of 4.0% from 2023 to 2031.

Growth of Events Industry Bolsters Middle East & Africa Event Logistics Market

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/show segment was the largest segment in the more than US$ 1 trillion events industry in 2022 which in turn is expected to drive the demand for event logistics services and thereby driving the market growth in the coming years. 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 region. Thus, the growth of the events industry drives the event logistics market.

Middle East & Africa Event Logistics Market Overview

The Middle East & Africa region has been witnessing a significant rise in the number of trade visitors since past few years along with an increase in its event portfolio for about 22% in 2023 compared to 2022. This shows a healthy increase in the demand for event logistics across the region. Further, some of the countries such as the UAE, Saudi Arabia, South Africa, Morocco, and Egypt are likely to host trade fairs in large numbers compared to other Middle East & African countries which is expected to drive the demand for event logistics in the region. Further, the rising number of sports events in the Middle East & Africa (Middle East & Africa) region is another major factor providing new opportunities for market vendors in the coming years.

However, the ongoing war between Israel-Palestine and Israel-Iran is likely to hamper the scheduled corporate events across the region due to the government issued security regulations for visiting specific countries in the Middle East & Africa region. This factor has been further impacting the demand for event logistics in the Middle East & Africa region and is likely to be uncertain in the year 2024 which is expected to grow at a sluggish growth rate of 1.6%.

Middle East & Africa Event Logistics Market Revenue and Forecast to 2031 (US$ Million)

Middle East & Africa Event Logistics Market Segmentation

The Middle East & Africa event logistics market is categorized into type, end user, and country.

Based on type, the Middle East & Africa event logistics market is segmented inventory management, delivery management, freight forwarding, pallets and packaging services, and others. The freight forwarding segment held a larger market share in 2023.

In terms of end user, the Middle East & Africa 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 Middle East & Africa event logistics market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa 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 Middle East & Africa event logistics market.

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa event logistics market.
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa event logistics market, thereby allowing players across the value chain to develop effective long-term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the Middle East & Africa event logistics market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.