Event Logistics Market Development Trends, Competitive Landscape and Key Growth 2028

Event logistics involves transporting, managing, and coordinating the physical movement of goods; sharing information from the event manager to the appropriate venue where the event is held to satisfy customer requirements; and contracting firms specialized in handling functions such as storage, warehousing, and freight and storage. The logistics event industry consists of four categories of activities: entertainment activities, sporting events, trade fairs, and other events, including cultural gatherings, festivals, business conferences, and government-sponsored events. The planning for each event can vary with the complexity of the events. This may include comprehensive procurement, storage, delivery, monitoring, disposal, and cleanup preparation. Even site rectification can be a significant part of big events.

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Companies Profiled in this report includes:  Agility, C.H. Robinson Worldwide, Inc., CEVA Logistics, DB Schenker, DHL International GmbH, FedEx, Kuehne + Nagel, Rhenus Group, United Parcel Service of America, Inc., XPO Logistics, Inc.

MARKET SEGMENTATION

  Based on type, the global event logistics market is segmented into inventory management, delivery systems, freight forwarding and others.

  On the basis of end-user, the market is segmented into entertainment and media, sports, corporate events and trade fair, and others.

MARKET DYNAMICS

Drivers:

 The market is driven by growing events in the e-commerce sector.

 The increasing demand for qualified event logistics services is anticipated to fuel event logistics market growth.

 Rapid urbanization and the consequent rise in disposable incomes have contributed to increased mobile app adoption. That, in addition, has contributed to the global e-commerce sector's growth and increased the number of e-commerce trade events. Such innovations created a need for efficient distribution systems in inventory management..

Restraints:

One of the major challenges for market growth is high labor costs and aggressive pricing. With the increasing demand for VAS and specialist skilled supply chain solutions in the event logistics market, the industry is becoming highly competitive in terms of service pricing. Providers in the global event logistics industry are under relentless consumer pressure to keep prices down. Because of the fuel price volatility, the income from fixed-term contracts with customers has reduced.

  Customers expect lower tariffs as contracts are being extended.

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IMPACT OF COVID-19 ON EVENT LOGISTICS MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

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