Event logistics involve delivering, controlling, and planning the physical flow of goods. To meet customer’s requirements, proper information is to be shared by the respective department about the events that have been held. Contracting firms are specialized in handling functions such as storage, warehousing, freight, and storage. The event logistics market consists of several types of events, entertainment events, sports events, trade fairs, and other events, including cultural, festivals, business conferences, and government-sponsored events.
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COVID-19 scenario analysis:
- The onset of the pandemic and the lockdown have resulted in the progression of online purchasing off balance, owing to restrictions on eligible items limitations placed on physical movement, thereby directly impacting deliveries.
- Only essentials and medical supplies are being made available. In addition, people are not inclined to spend money beyond their necessities, which offers challenges as well as opportunities.
- Due to the COVID-19 pandemic, the e-commerce business is facing new challenges in customer behavior, supply chain issues, and economic outlook.
- The pandemic has created a shift in the way consumers behave and carry out their activities, directly affecting the e-commerce industry.
- Limiting shopping expect essentials is becoming a new normal. This is resulting in brands to adapt and be flexible to meet changing needs.
Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis
Growth of events in the e-commerce sector and the increase in demand for qualified event logistics services are anticipated to boost the growth of the market. Moreover, high labor costs and aggressive pricing can create a lot of challenges in the growth of the market. Furthermore, technological advancement in event logistics can provide new opportunities for the event logistics market.
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The event logistics market trends are as follows:
Growing events in the e-commerce sector:
Rapid urbanization and consequent rise in disposable income in developing countries have increased mobile application adoption, which has offered lucrative opportunities for the global e-sector market with the rise in number of trade events. Companies have innovated apps that are easy to use while policy upgrades have attracted many customers. Therefore, such innovations created a need for efficient distribution systems in inventory management, which is estimated to boost the event logistics market.
The increasing demand for qualified event logistics services:
With growth in e-commerce across various countries, the demand for logistics has greatly increased. Therefore, on-time delivery becomes a competitive edge among various e-commerce companies, owing to the highly competitive environment with value-added services and skilled supply chain solutions in the event logistics market.
Key benefits of the report:
- This study presents the analytical depiction of the event logistics market along with current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the event logistics market share.
- The current market is quantitatively analyzed to highlight the event logistics market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed analysis based on competitive intensity and how the competition will take shape in the coming years.
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Questions answered in the event logistics market research report:
- Which are the leading market players active in the event logistics market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What are the projections for the future that would help in taking further strategic steps?
Event Logistics Market Report Highlights
| Aspects | Details |
|---|---|
| By Type | Inventory ManagementDelivery SolutionsFreight ForwardingOthers |
| By End-Use | Entertainment and MediaSports EventsCorporate Events and Trade FairOthers |
| By Region | North America (U.S., Canada, Mexico)Europe (France, Germany, UK, Russia, Rest of Europe)Asia-Pacific (China, Japan, India, South Korea, Rest of Asia-Pacific)LAMEA (Latin America, Middle East, Africa) |
| Key Market Players | Kuehne + Agel, FedEx, CEVA Logistics, Agility, United Parcel Service of America, Inc., DHL International GmbH, C.H. Robinson Worldwide, Inc., XPO Logistics, Inc, Rhenus Group, DB Schenker |
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