Event Logistics Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Inventory Management, Delivery Systems, Freight Forwarding, Others); End-user (Entertainment and Media, Sports, Corporate Events and Trade Fair, Others) and Geography
Report Code: TIPRE00009894
| No. of Pages: 150
| Category: Automotive and Transportation
| Status: Upcoming
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.
The "Global Event logistics Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the event logistics market with detailed market segmentation by type, end-user, and geography. The report provides key statistics on the market status of the leading event logistics market players and offers key trends and opportunities in the market.
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..
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.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The event logistics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the event logistics market in these regions.
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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The report covers key developments in the event logistics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from event logistics market are anticipated to lucrative growth opportunities in the future with the rising demand for event logistics in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the event logistics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
C.H. Robinson Worldwide, Inc.
DHL International GmbH
Kuehne + Nagel
United Parcel Service of America, Inc.
XPO Logistics, Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
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The List of Companies
2. C.H. Robinson Worldwide, Inc.
3. CEVA Logistics
4. DB Schenker
5. DHL International GmbH
7. Kuehne + Nagel
8. Rhenus Group
9. United Parcel Service of America, Inc.
10. XPO Logistics, Inc.