[Latest] Global Event Logistics Market Size/Share Worth USD 87.8 Billion by 2033 at a 4.8% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

Austin, TX, USA, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Event Logistics Market Size, Trends and Insights By Type (Inventory Management, Delivery Systems, Freight Forwarding, Others), By Application (Entertainment and Media, Sports, Corporate Events and Trade Fair, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” in its research database.

“According to the latest research study, the demand of global Event Logistics Market size & share was valued at approximately USD 61.4 Billion in 2023 and is expected to reach USD 63.9 Billion in 2024 and is expected to reach a value of around USD 87.8 Billion by 2033, at a compound annual growth rate (CAGR) of about 4.8% during the forecast period 2024 to 2033.”

Click Here to Access a Free Sample Report of the Global Event Logistics Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=51706

Event Logistics Market: Growth Factors and Dynamics

• Integration of Technology and Automation: The event logistics market is witnessing substantial growth due to advancements in technology and automation, which optimize logistics operations and enhance efficiency. Technologies such as RFID tracking, IoT sensors, and AI-powered logistics management systems enable real-time monitoring, route optimization, and inventory management, reducing costs and improving resource allocation. From venue logistics to supply chain integration, advanced solutions streamline event execution and ensure seamless logistics coordination.

• Technological Innovations: Innovations in cloud computing, big data analytics, and blockchain are reshaping the event logistics landscape, providing scalable and secure logistics solutions. Integration of these technologies enhances data visibility, transparency in supply chain operations, and real-time analytics, facilitating predictive maintenance and demand forecasting. Continuous improvement in logistics software, automation tools, and smart packaging solutions further enhances operational efficiency and customer satisfaction in event logistics management.

• Efficient Resource Management: Increasing demand for efficient resource allocation, sustainability in logistics operations, and risk management drives the adoption of advanced event logistics solutions. Enhanced logistics planning tools, predictive analytics, and real-time tracking capabilities optimize resource utilization, minimize delays, and ensure on-time delivery of event essentials. Strategic deployment of eco-friendly logistics practices and collaborative logistics networks strengthens resilience and operational flexibility in the event logistics sector.

• Strategic Partnerships and Collaboration: Collaborative efforts among event organizers, logistics service providers, and technology innovators accelerate market growth and innovation in event logistics solutions. Partnerships facilitate knowledge exchange, integration of logistics intelligence, and co-creation of tailored logistics strategies. Joint ventures, strategic alliances, and industry partnerships promote investment in advanced logistics technologies, logistics optimization, and sustainable logistics practices, positioning stakeholders to capitalize on emerging opportunities in the event management landscape.

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Event Logistics Market: COVID-19 Analysis

• Pandemic Impact on Event Management: The COVID-19 pandemic presented unique challenges to the event logistics market, with widespread cancellations and shifts to virtual events impacting logistics operations. The need for agile logistics solutions, remote event management tools, and robust contingency planning became paramount to ensure business continuity and stakeholder engagement.

• Resilience and Digital Transformation: Despite pandemic disruptions, the event logistics market demonstrated resilience through digital transformation initiatives, virtual event logistics platforms, and remote logistics management tools. Organizations embraced virtual logistics planning, contactless delivery solutions, and hybrid event logistics models to adapt to evolving event landscapes and ensure operational continuity.

• Accelerated Adoption of Digital Logistics: The COVID-19 pandemic accelerated the adoption of digital event logistics solutions, as organizations prioritized flexibility, scalability, and safety in logistics operations. Cloud-based logistics platforms, AI-driven logistics management systems, and virtual event logistics hubs enabled efficient resource allocation, real-time logistics monitoring, and seamless integration with virtual event platforms, supporting the recovery and growth of the event logistics sector.

• Recovery and Future Growth Prospects: Government support, economic recovery measures, and investments in digital infrastructure bolstered the recovery of the event logistics market post-pandemic. Investments in hybrid event logistics capabilities, resilient supply chain networks, and adaptive logistics strategies revitalized event logistics operations across diverse industries, driving market recovery and fostering innovation in logistics management.

Report Scope

Feature of the Report	Details
Market Size in 2024	USD 63.9 Billion
Projected Market Size in 2033	USD 87.8 Billion
Market Size in 2023	USD 61.4 Billion
CAGR Growth Rate	4.8% CAGR
Base Year	2023
Forecast Period	2024-2033
Key Segment	By Type, Application and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Event Logistics report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

• Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.
• The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
• About 220+ Pages Research Report (Including Recent Research)
• Provide detailed chapter-by-chapter guidance on the Request.
• Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024
• Includes Tables and figures have been updated.
• The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis 
• Custom Market Insights (CMI) research methodology

(Please note that the sample of the Event Logistics report has been modified to include the COVID-19 impact study prior to delivery.)

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Event Logistics Market: Future Outlook and Opportunities

• Advancements in Logistics Technology: The event logistics market evolves with advancements in AI-driven logistics analytics, IoT-enabled tracking systems, and blockchain for supply chain transparency, enabling proactive logistics planning, enhanced operational efficiency, and improved customer experience. Integration of predictive analytics, real-time logistics intelligence, and smart logistics solutions redefine logistics practices, driving the adoption of advanced event logistics solutions globally.

• Market Expansion and Industry Reach: The event logistics market expands into emerging markets, sports events, cultural festivals, and corporate gatherings, catering to diverse logistics requirements and regulatory compliance needs. Growing demand for integrated logistics solutions, sustainable event logistics practices, and logistics optimization drives market expansion, fostering strategic collaborations, technology deployment, and service innovation across global event logistics ecosystems.

• Sustainable Logistics Initiatives: Continuous investment in sustainable logistics practices, eco-friendly packaging solutions, and carbon-neutral logistics operations enhances environmental stewardship and operational resilience in the event logistics market. Integration of green logistics technologies, energy-efficient transportation systems, and sustainable logistics strategies promotes long-term sustainability and responsible logistics management practices in event logistics operations.

The Event Logistics Market as a Catalyst for Innovation: As organizations embrace digital transformation in event logistics, driven by technological innovations and strategic partnerships, logistics solutions pave the way for efficient resource management, logistics optimization, and seamless event execution. The event logistics sector emerges as a cornerstone of event management excellence, supporting resilient logistics operations, sustainable event logistics practices, and global logistics intelligence integration.

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Key questions answered in this report:

• What is the size of the Event Logistics market and what is its expected growth rate?
• What are the primary driving factors that push the Event Logistics market forward?
• What are the Event Logistics Industry's top companies?
• What are the different categories that the Event Logistics Market caters to?
• What will be the fastest-growing segment or region?
• In the value chain, what role do essential players play?
• What is the procedure for getting a free copy of the Event Logistics market sample report and company profiles?

Key Offerings:

• Market Share, Size & Forecast by Revenue | 2024−2033
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
• Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Event Logistics Market: Regional Analysis

North America Poised to Dominate Market Share

The adoption of the Internet of Things (IoT) and big data technologies across various sectors in North America is seeing a substantial rise. Numerous organizations are actively generating and collecting vast amounts of data from multiple sources to gain insights into operational efficiency, customer behavior, and logistics management.

In such contexts, Event Logistics is increasingly utilized to analyze this real-time data effectively. The region has been at the forefront of adopting event logistics technologies. Several prominent local vendors have developed sophisticated event logistics solutions, showcasing their benefits across various applications.

This early adoption has fostered a favorable market environment, driving further growth and widespread adoption of event logistics technologies in North America. For example, in July 2022, DHL expanded its event logistics portfolio with the introduction of advanced logistics management capabilities.

This addition enhances its logistics management capabilities, including real-time tracking and logistics coordination. Moreover, the United States has consistently led in technological advancements across various industries, creating an environment that promotes the growth and adoption of event logistics technologies.

The Asia-Pacific region is one of the fastest-growing areas in event management technology, contributing to over 40% of global growth. Digitalization initiatives in emerging countries like India are propelling digital payments, with banks increasingly adopting advanced logistics technology.

Consequently, the demand for event logistics solutions for seamless integration is on the rise. Government initiatives and substantial multi-million dollar technology investments in the event management sector are further fueling growth in the Asia-Pacific region.

In 2024, Europe dominated the event logistics market, holding the largest share. Rapid urbanization and the resulting increase in disposable income in developing European countries have driven the adoption of mobile applications.

This trend has significantly benefited the European e-commerce sector, particularly with the proliferation of trade events. European companies have introduced user-friendly apps, while regulatory improvements have attracted a growing customer base. Consequently, there is a heightened demand for event logistics services across the European region.

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List of the prominent players in the Event Logistics Market:

• DHL (Germany)
• Kuehne + Nagel (Switzerland)
• DB Schenker (Germany)
• XPO Logistics (US)
• CEVA Logistics (Switzerland)
• UPS (US)
• Agility Logistics (Kuwait)
• FedEx (US)
• Ryder (US)
• DSV (Denmark)
• Bolloré Logistics (France)
• Expeditors (US)
• GEODIS (France)
• Nippon Express (Japan)
• Sinotrans (China)
• Panalpina (Switzerland)
• Yusen Logistics (Japan)
• Kintetsu World Express (Japan)
• Hellmann Worldwide Logistics (Germany)
• H. Robinson (US)
• Others

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The Event Logistics Market is segmented as follows:

By Type

• Inventory Management
• Delivery Systems
• Freight Forwarding
• Others

By Application

• Entertainment and Media
• Sports
• Corporate Events and Trade Fair
• Others

Click Here to Get a Free Sample Report of the Global Event Logistics Market @ https://www.custommarketinsights.com/report/event-logistics-market/

Regional Coverage:

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America

This Event Logistics Market Research/Analysis Report Contains Answers to the following Questions.

• Which Trends Are Causing These Developments?
• Who Are the Global Key Players in This Event Logistics Market? What are Their Company Profile, Product Information, and Contact Information?
• What Was the Global Market Status of the Event Logistics Market? What Was the Capacity, Production Value, Cost and PROFIT of the Event Logistics Market?
• What Is the Current Market Status of the Event Logistics Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Event Logistics Market by Considering Applications and Types?
• What Are Projections of the Global Event Logistics Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
• What Is Event Logistics Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
• What Is the Economic Impact On Event Logistics Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
• What Are Market Dynamics of Event Logistics Market? What Are Challenges and Opportunities?
• What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Event Logistics Industry?

Click Here to Access a Free Sample Report of the Global Event Logistics Market @  https://www.custommarketinsights.com/report/event-logistics-market/

Reasons to Purchase Event Logistics Market Report

• Event Logistics Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
• Event Logistics Market report outlines market value (USD) data for each segment and sub-segment.
• This report indicates the region and segment expected to witness the fastest growth and dominate the market.
• Event Logistics Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
• The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
• Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
• The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
• Event Logistics Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

• The study provides a thorough overview of the global Event Logistics market. Compare your performance to that of the market as a whole.

• Aim to maintain competitiveness while innovations from established key players fuel market growth.

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What does the report include?

• Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Event Logistics market analysis.

• The competitive environment of current and potential participants in the Event Logistics market is covered in the report, as well as those companies' strategic product development ambitions.

• According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

• For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

• Participants and stakeholders worldwide Event Logistics market should find this report useful. The research will be useful to all market participants in the Event Logistics industry.
• Managers in the Event Logistics sector are interested in publishing up-to-date and projected data about the worldwide Event Logistics market.
• Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Event Logistics products' market trends.
• Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

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09/03/2024 10:30 -0400

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