North America 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

North America 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 North America event logistics market was valued at US$ 18,953.99 million in 2023 and is expected to reach US$ 28,838.27 million by 2031; it is estimated to register a CAGR of 5.4% from 2023 to 2031.

Increasing Adoption of Sustainable Solutions Fuels North America 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 US, Canada, Saudi Arabia, 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, accounting 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.

Historically, the engineering of pallets and packing technologies has prioritized economic effectiveness and secure shipping over sustainability; however, many event logistics providers are now rapidly moving to eco-friendly packaging to reduce their environmental impact. As recycled waste is utilized in the creation of eco-friendly packaging, fewer harmful resources are leveraged, which lowers overall carbon emissions. Logistic providers such as Borderline help reduce carbon emissions during freight forwarding by raising the fill rate per transport unit per tank of fuel, using higher-capacity vehicles, and performing routine maintenance of transport vehicles. Thus, the increasing adoption of sustainable solutions that focus on reducing carbon footprints aligns with organizations' business strategy, which is anticipated to create lucrative opportunities for the North America event logistics market growth during the forecast period.

North America Event Logistics Market Overview

North America event logistics market has been categorized into the US, Canada and Mexico. The US accounted for majority of the share in the North America event logistics market, followed by Canada and Mexico in 2024. Some of the major companies that operate in North America are Event Logistics Inc, Kuehne+Nagel, Gefco, Ceva Logistics, DB Schenker, and DHL International GmbH. These companies are constantly working to understand the market demands and cater to the different requirements of their respective customers to remain competitive in the highly competitive market for event logistics. Further, the majority of the demand for event logistics in the North America region is mainly driven by the corporate events/trade fairs, sports events including rugby/basketball/soccer/baseball etc., and music concerts organized across different countries in the region. Further, in 2024, the North America region is likely to host more than 1700 corporate events/trade fairs across the US, Canada, and Mexico which is further expected to drive the market for event logistics in the region for the coming year.

North America Event Logistics Market Revenue and Forecast to 2031 (US$ Million)

North America Event Logistics Market Segmentation

The North America event logistics market is categorized into type, end user, and country.

Based on type, the North America 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 North America 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 North America event logistics market is segmented into the US, Canada, and Mexico. The US dominated the North America 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, United Parcel Service Inc, and XPO Inc are some of the leading companies operating in the North America event logistics market.

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