Global Event Logistic Market Overview
Event Logistic Market Size was estimated at 65.34 (USD Billion) in 2022. The Event Logistic Industry is expected to grow from 69.42(USD Billion) in 2023 to 119.66 (USD Billion) by 2032. The Event Logistic Market CAGR (growth rate) is expected to be around 6.24% during the forecast period (2024 - 2032).
Key Event Logistic Market Trends Highlighted
The Event Logistic Market is a rapidly evolving industry, driven by increasing demand for event services. Key market drivers include the growth of the global travel and tourism industry, the rise of social media, and the increasing popularity of virtual and hybrid events.
Opportunities for growth in the Event Logistics Market include the expansion into new markets, the development of new technologies, and the provision of value-added services. One of the most important trends in the Event Logistics Market is the increasing use of technology to improve efficiency and effectiveness. This includes the use of mobile apps for event registration, online ticketing, and real-time tracking of event supplies.
Another trend in the Event Logistics Market is the rising popularity of sustainable event practices. This includes reducing waste, using eco-friendly materials, and promoting social responsibility. Event organizers are increasingly looking for Event Logistics providers who can help them achieve their sustainability goals.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Event Logistic Market Drivers
Rising Demand for Personalized and Immersive Event Experiences
Introduction There are two major drivers of growth in the global event logistics market: the ongoing rise in demand for personalized and immersive event experiences and the increasing popularization of virtual and hybrid events. As a result of these trends, the event logistics industry is enjoying significant growth, driven by attendees’ growing needs and higher requirements for the quality of the services. Presently, event attendees are no longer ready to make do with generic and somewhat impersonalized events but expect even small events to have character and cater to their unique interests.As a result, new event logistics providers need to be able to offer personalized transportation, unusual venue selection, and other custom solutions to meet these requirements. On the other hand, the increasing popularization of virtual and especially hybrid events requires logistics providers to offer an expanded range of specific services to support such events. Virtual events require platforms to be selected, attendees to be managed, and content to be delivered; in the case of hybrid events, dual arrangements would be necessary.Overall, the overall increasing complexity of events drives the increasing demand for transportation, venue, and content management providers, with the rapidly growing tendencies regarding the personalization of such solutions. In conclusion, the ongoing rising demand for personalized and immersive event experiences and the increased interest in virtual and, especially, hybrid events constitute strong drivers of growth in the global event industry, and logistics solutions need to adapt to this new economic environment.
Growth of the Global Event Industry
The global event industry is experiencing steady growth, driven by factors such as increasing disposable income, rising urbanization, and the growing popularity of live experiences. This growth is creating a ripple effect in the event logistics market, as more events are being planned and executed around the world. The demand for event logistics services is particularly strong in emerging markets, where the event industry is rapidly expanding. In addition, the increasing complexity of events is also driving demand for event logistics services.Events are becoming larger, more elaborate, and more technologically advanced. This requires event logistics providers to have the expertise and resources to manage complex logistics challenges, such as transportation, venue management, and crowd control. Event logistics providers that can offer innovative solutions to these challenges will be in high demand as the event industry continues to grow and evolve. Overall, the growth of the global event industry is a major driver of demand for event logistics services.As the event industry continues to expand and evolve, event logistics providers will need to adapt to the changing needs of event organizers. Those that can offer innovative and cost-effective solutions will be well-positioned to capture market share and drive growth in the years to come.
Technological Advancements
The field of event logistics is undergoing profound changes as technology develops. Nowadays, such technologies as cloud computing, artificial intelligence, and the Internet of Things are being increasingly employed to help event logistics providers perform their tasks more efficiently, accurately, and to the advantage of their customers. Firstly, these providers are increasingly turning to cloud computing because of the opportunity to manage all logistics of an event in one place, as evidenced by the dedicated web resources of some logistics providers.Technologies like artificial intelligence allow event logistics providers to use an algorithm-based tool to completely automate such process as the choice of a venue for an event, planning of guests’ transportation, or acquisition of tickets for the attendees and instead focus on more strategic goals. Devices of the Internet of Things can be used to monitor the location of valuable assets, the flow of the audience, and notify the organizer of changes in real time.Finally, the use of mobile apps which track an attendee’s movement, timing, and provide important information about the event is also on the rise. In conclusion, the field of event logistics is at the cusp of profound changes as the technology develops. Nowadays, such technologies as artificial intelligence, the Internet of Things, or cloud computing are increasingly used by logistics providers to improve the quality of their services while reducing costs.Those logistics providers that quickly adopt the new technologies will become the industry leaders within a short period, while those who do not will gradually lose their market share.
Event Logistic Market Segment Insights:
Event Logistic Market Service Type Insights
Transportation is the segment with the largest market share, covering over 40% of the Event Logistic Market revenue in 2023. This segment is expected to grow over the assessed period due to the further increased demand for efficient and reliable transportation for conference and festival attendees, as well as the equipment and materials needed for the events. Warehousing and Storage, the second-biggest segment of the market, is going to cover over 25% of the total Event Logistic Market revenue in 2023. The demand for safe warehousing with a controlled temperature is driven by growing inventory levels connected with upcoming events, including merchandise, equipment, and materials.Event Staffing is a segment the growth of which would be steady, as it is expected that it will be accounting for over USD 15 billion of revenue by 2024. The demand for professional and trained employees, who will be responsible for setting up and managing events, as well as working in the customer service area, will increase over the foreseeable future. Production Services, with support of such technical aspects as lighting, sound, and stage design, is going to cover over 20% of the total Event Logistic Market revenue in 2023 due to the further increased demand for shows and festival, which will provide immersive and impressive experiences to visitors.Marketing and Promotion will be the segment that experiences the most significant growth, as it is projected that by 2024, it will have grown into over USD 10 billion market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Event Logistic Market Event Size Insights
The Event Logistic Market segmentation by event size includes Small (up to 500 attendees), Medium (500 to 2,000 attendees), Large (2,000 to 10,000 attendees), and Mega (over 10,000 attendees). The Large event segment held the largest market share in 2023, and is expected to continue to dominate the market throughout the forecast period. This is due to the increasing number of large-scale events being held around the world, such as conferences, trade shows, and sporting events. The Mega event segment is also expected to grow at a significant rate, as more and more countries host major international events such as the Olympics and the World Cup.
Event Logistic Market Event Type Insights
The Event Logistic Market can be segmented based on Event Type, which includes Corporate Events, Social Events, Sporting Events, Cultural Events, and Educational Events. Corporate Events are projected to hold the largest market share in the coming years due to the increasing demand for conferences, seminars, and corporate meetings. Sporting Events are expected to witness significant growth owing to the rising popularity of global sporting events and the increasing investment in sports infrastructure. Social Events, including weddings, parties, and celebrations, are anticipated to contribute to the market growth due to the growing disposable income and changing lifestyles.Cultural Events, encompassing festivals, concerts, and exhibitions, are projected to gain traction due to the increasing interest in cultural experiences. Educational Events, such as workshops, conferences, and training programs, are expected to grow steadily due to the demand for professional development and skill enhancement.
Event Logistic Market End User Industry Insights
The end-user industry segment of the Event Logistic Market is diverse, with various industries utilizing event logistic services to meet their specific needs. The Technology industry is a significant contributor to the market, as companies require efficient logistics to manage the movement of equipment, products, and personnel for events such as product launches, conferences, and exhibitions. The Healthcare industry also relies on event logistics for the transportation of medical equipment, supplies, and personnel to conferences, workshops, and other healthcare-related events.The Retail industry utilizes event logistics for the distribution of products, setup of displays, and management of inventory for trade shows, pop-up stores, and promotional events. The Finance industry leverages event logistics for the organization of conferences, summits, and investor meetings, requiring the secure and efficient movement of documents, equipment, and attendees. Similarly, the Manufacturing industry utilizes event logistics for the transportation of heavy machinery, materials, and personnel to trade shows, product demonstrations, and industry events.The Event Logistic Market revenue is expected to grow significantly in the coming years, driven by the increasing demand for efficient and reliable event logistics services across these industries.
Event Logistic Market Regional Insights
The regional segmentation of the Event Logistic Market offers valuable insights into the geographical distribution of market growth and opportunities. North America is expected to dominate the market in 2023, accounting for approximately 35% of the global revenue. The region's well-established event industry, advanced infrastructure, and high disposable income are key drivers of this growth. Europe is anticipated to follow North America, contributing around 28% to the global market in 2023. The region's strong tourism sector, diverse cultural heritage, and presence of major event venues contribute to its significant share.APAC is projected to exhibit the highest growth rate during the forecast period, with a CAGR of 7.5% from 2023 to 2032. The region's rapidly growing economies, expanding middle class, and increasing demand for events are fueling its market expansion. South America and MEA are expected to hold smaller but steadily growing shares of the global market, with their unique cultural and economic dynamics influencing their respective market growth trajectories.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Event Logistic Market Key Players And Competitive Insights:
Major players in Event Logistic Market industry are constantly striving to maintain a competitive edge and expand their market share. Leading Event Logistic Market players are investing heavily in research and development, strategic partnerships, and geographical expansion to enhance their capabilities and offerings. The Event Logistic Market development is driven by the growing demand for efficient and cost-effective logistics solutions for events of all sizes. The competitive landscape is characterized by mergers, acquisitions, and collaborations among major players to consolidate their positions in the market.A leading player in the Event Logistic Market industry is GEL Group. The company provides a comprehensive suite of logistics services for a wide range of events, including conferences, exhibitions, sporting events, and live performances. GEL Group boasts a strong global presence with offices in over 20 countries and a team of experienced professionals. The company's focus on customer satisfaction, innovation, and sustainability has earned it a reputation as a trusted partner in the industry. GEL Group continues to expand its capabilities by acquiring strategic companies and investing in cutting-edge technologies to stay ahead of the competition.A prominent competitor in the Event Logistic Market is Showfreight. The company specializes in providing logistics solutions for the entertainment industry, including music tours, film productions, and live events. Showfreight's core strength lies in its extensive network of partners, allowing it to offer tailored solutions that meet the unique requirements of the entertainment sector. The company has a strong focus on operational efficiency and cost optimization, helping clients maximize their event ROI. Showfreight's commitment to providing seamless logistics experiences has made it a preferred choice for many leading entertainers and event organizers.
Key Companies in the Event Logistic Market Include:
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DHL Supply Chain
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Dachser
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Expeditors International of Washington
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Nippon Express
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Hellman Worldwide Logistics
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Agility Logistics
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DB Schenker
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FedEx Trade Networks
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DSV
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TIBA
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Kuehne + Nagel
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Allcargo Logistics
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Panalpina World Transport
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BDP International
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C.H. Robinson
Event Logistic Market Industry Developments
The Event Logistic Market is projected to experience steady growth over the forecast period, driven by increasing demand for event management services, technological advancements, and growing popularity of virtual and hybrid events. The market is expected to reach a valuation of USD 69.42 billion in 2023 and is anticipated to grow at a CAGR of 6.24%, reaching USD 119.66 billion by 2032. Key industry trends include the adoption of sustainable event practices, the rise of data analytics and personalization, and the integration of artificial intelligence and automation into event management processes. Recent news developments include the strategic partnership between Cvent and Microsoft to enhance event planning and engagement, and the acquisition of Encore by Freeman to expand its global reach and service offerings.
Event Logistic Market Segmentation Insights
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Event Logistic Market Service Type Outlook
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Transportation
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Warehousing and Storage
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Event Staffing
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Production Services
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Marketing and Promotion
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Event Logistic Market Event Size Outlook
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Small (up to 500 attendees)
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Medium (500 to 2,000 attendees)
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Large (2,000 to 10,000 attendees)
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Mega (over 10,000 attendees)
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Event Logistic Market Event Type Outlook
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Corporate Events
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Social Events
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Sporting Events
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Cultural Events
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Educational Events
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Event Logistic Market End User Industry Outlook
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Technology
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Healthcare
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Retail
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Finance
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Manufacturing
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Event Logistic Market Regional Outlook
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North America
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Europe
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South America
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Asia Pacific
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Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
65.34(USD Billion) |
| Market Size 2023 |
69.42(USD Billion) |
| Market Size 2032 |
119.66(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
6.24% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
DHL Supply Chain ,Dachser ,Expeditors International of Washington ,Nippon Express ,Hellman Worldwide Logistics ,Agility Logistics ,DB Schenker ,FedEx Trade Networks ,DSV ,TIBA ,Kuehne + Nagel ,Allcargo Logistics ,Panalpina World Transport ,BDP International ,C.H. Robinson |
| Segments Covered |
Service Type ,Event Size ,Event Type ,End User Industry ,Regional |
| Key Market Opportunities |
Virtual event platforms Digital event planning tools Sustainable event solutions Data analytics for event optimization Experiential marketing opportunities |
| Key Market Dynamics |
Rising corporate event spending growth in digital events increasing use of technology sustainability concerns expanding geographic reach |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Event Logistic Market is expected to reach an overall valuation of 69.42 USD Billion in 2023, showcasing a promising growth trajectory.
The Event Logistic Market is anticipated to grow at a steady CAGR of 6.24%, indicating a consistent expansion in the coming years.
North America is expected to maintain its dominance in the Event Logistic Market, driven by a thriving events industry and advanced logistics infrastructure.
Event logistics services play a crucial role in planning, coordinating, and executing various events, including conferences, exhibitions, trade shows, and sporting events.
Key players in the Event Logistic Market include DB Schenker, DHL, FedEx, UPS, and CEVA Logistics, among others.
By 2032, the Event Logistic Market is projected to reach an impressive valuation of 119.66 USD Billion, reflecting a significant growth trajectory over the forecast period.
The growth of the Event Logistic Market is primarily attributed to the increasing number of events worldwide, coupled with the growing demand for efficient and reliable logistics services.
One notable trend in the Event Logistic Market is the increasing adoption of technology, such as IoT and AI, to enhance operational efficiency and customer experience.
Sustainability is becoming increasingly important in the Event Logistic Market, with providers adopting eco-friendly practices, such as reducing carbon emissions and using sustainable packaging materials.
The COVID-19 pandemic had a significant impact on the Event Logistic Market, leading to a decline in event activities and a subsequent reduction in demand for logistics services. However, as the world recovers from the pandemic, the market is expected to rebound and regain its growth momentum.
