At 4.0% CAGR, Middle East & Africa Event Logistics Market is Projected to be Worth US$ 4,093.57 Million by 2031, says Business Market Insights

According to Business Market Insights' research, the Middle East & Africa event logistics market was valued at US$ 2,996.65 million in 2023 and is expected to reach US$ 4,093.57 million by 2031, registering a CAGR of 4.0% from 2023 to 2031. Rise in strategic initiatives by key players and growth of events industry are among the critical factors attributed to drive the Middle East & Africa event logistics market growth.

Key players operating in the Middle East & Africa event logistics market include DSV A/S; CH Robinson; KUEHNE + NAGEL; CEVA Logistics; DB SCHENKER; DHL International GmbH; FedEx; UPS; and GEODIS; among others. These players are adopting various strategies to stay competitive in the market, which include mergers & acquisitions, contract agreements, and partnerships, among others. A few examples of such strategies are mentioned below:

• In March 2024, Kuehne + Nagel signed a three-year logistics partnership with World Sailing. Through this partnership, Kuehne + Nagel aims to control the transportation of sailing equipment, boats, and other essential resources for World Sailing-authorized events.
• In January 2024, Kuehne + Nagel partnered with Clarion Events. Under this partnership, the company has set a target to become the official global logistics partner and reduce the carbon footprint of the Clarion Events Group's exhibitions while setting new standards for the events industry.
• In March 2023, DHL partnered with the International Bobsleigh and Skeleton Federation (IBSF). Through this partnership, DHL aimed at helping IBSF fulfill logistics demands associated with the World Championships, including the use of sports and marketing equipment such as skeleton sled, racing helmet, speed suit, shoulder pads, spiked shoes, and other equipment.

Thus, the rise in the number of initiatives by the key players fuels the event logistics market growth.

On the contrary, disruptions in supply chain and geopolitical tensions hamper the growth of Middle East & Africa event logistics market.

Based on type, the Middle East & Africa event logistics market is segmented inventory management, delivery management, freight forwarding, pallets and packaging services, and others. The freight forwarding segment held 37.2% market share in 2023, amassing US$ 1,115.89 million. It is projected to garner US$ 1,607.48 million by 2031 to register 4.7% CAGR during 2023-2031.

In terms of end user, the Middle East & Africa event logistics market is categorized into media and entertainment, sports events, corporate events and trade fairs, cultural events, and others. The corporate events and trade fairs segment held 43.0% share of Middle East & Africa event logistics market in 2023, amassing US$ 1,287.96 million. It is anticipated to garner US$ 1,858.26 million by 2031 to expand at 4.7% CAGR during 2023-2031.

By country, the Middle East & Africa event logistics market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that Saudi Arabia captured 46.2% share of Middle East & Africa event logistics market in 2023. It was assessed at US$ 1,383.55 million in 2023 and is likely to hit US$ 1,973.51 million by 2031, registering a CAGR of 4.5% during 2023-2031.

Key players operating in the Middle East & Africa event logistics market are C H Robinson Worldwide Inc, CEVA Logistics AG, DB Schenker, Deutsche Post AG, DSV AS, FedEx Corp, GEODIS SA, Kuehne + Nagel International AG, and United Parcel Service Inc, among others.

Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com