About Event Logistics
Event logistics involves delivering, controlling, and planning of physical flow of goods; exchanging of information from the event organizer to the required destination where the event is staged to meet the customer demands; and outsourcing services that specialize in handling functions such as transportation, warehousing, and freight and forwarding. The event logistics market consists of four types of events: entertainment events, sports events, trade fairs, and other events including cultural events, festivals, business conferences, and government-sponsored events.
Technavio’s analysts forecast the global event logistics market to grow at a CAGR of 5.86% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global event logistics market for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors through the sales of event logistics services to organizers of various events such as sports events, entertainment events, trade fairs and others.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Event Logistics Market 2017-2021
Technavio recognizes the following companies as the key players in the global event logistics market: DHL International, DB SCHENKER, KUEHNE + NAGEL, UPS, Agility, and Rhenus Logistics.
Other Prominent Vendors in the market are: ACME Global Logistics, Allseas Global Logistics, AMR GROUP, CHARLES KENDALL, Chaucer Logistics Group, DMS Global Event Logistics, EFI Logistics, MOTHERS & SONS, PYRAMID LOGISTICS, Senator International, Servicing International Trade Events (SITE), and SOS Global Express.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is technological advancement in event logistics. The use of upgraded technologies in event logistics services is likely to increase during the forecast period. A range of services, such as radio-frequency identification (RFID) for event inventory tracking, GPS-enabled transportation trucks for tracking, bar coding, and MIS-related services, are provided by event logistics firms.”
According to the report, one driver in the market is cost reduction through event logistics service providers. Infrastructure building for logistics is a capital-extensive process, and there is long term investment blockage. Therefore, logistics services are outsourced by various organizers of event and event management companies to decrease operational costs. Outsourcing supply chain and other logistics related services of their operations to event logistics service provider vendors, allows entertainment events, trade fair and other event organizers to improve the business efficiency by focusing on their core competencies.
Further, the report states that one challenge in the market is high cost of operation and competitive pricing. With the increase in demand for value-added services (VAS) and specialized professional supply chain solutions in the event logistics market, the industry is becoming highly competitive in terms of pricing of services. Vendors in the global event logistics market are under continuous pressure from customers to keep the prices low. Due to instability of fuel prices, profits from fixed-term contracts with customers have reduced. Customers are demanding lower rates while renewing contracts.
DHL International, DB SCHENKER, KUEHNE + NAGEL, UPS, Agility, and Rhenus Logistics.ACME Global Logistics, Allseas Global Logistics, AMR GROUP, CHARLES KENDALL, Chaucer Logistics Group, DMS Global Event Logistics, EFI Logistics, MOTHERS & SONS, PYRAMID LOGISTICS, Senator International, Servicing International Trade Events (SITE), and SOS Global Express.
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