Report : North America Event Logistics Market Forecast to 2031 - Regional Analysis - by Type (Inventory Management, Delivery Management, Freight Forwarding, Pallets and Packaging Services, and Others) and End User (Media and Entertainment, Sports Events, Corporate Events and Trade Fairs, Cultural Events, and Others)
At 5.4% CAGR, North America Event Logistics Market is Projected to be Worth US$ 28,838.27 Million by 2031, says Business Market Insights
According to Business Market Insights' research, the North America event logistics market was valued at US$ 18,953.99 million in 2023 and is expected to reach US$ 28,838.27 million by 2031, registering a CAGR of 5.4% from 2023 to 2031. Growth of events industry and increasing adoption of sustainable solutions are among the critical factors attributed to drive the North America event logistics market growth.
The events industry is one of the largest and most diverse sectors worldwide. Large events such as festivals, concerts and exhibitions to smaller events such as personal parties and seminars are categorized under the extremely broad spectrum of this industry. The events industry continues to thrive every year, growing successfully and impacting the lives and businesses of many people across the globe. The corporate events and trade fairs/show segment was the largest segment in the more than US$ 1 trillion events industry in 2022 which in turn is expected to drive the demand for event logistics services and thereby driving the market growth in the coming years. With the rising number of events such as corporate, cultural, sports, media & entertainment, among others, there is an increase in demand for the design and development of sufficient event logistics infrastructure across the region. Thus, the growth of the events industry drives the North America event logistics market.
On the contrary, disruptions in supply chain and geopolitical tensions hamper the growth of North America event logistics market.
Based on type, the North America event logistics market is segmented inventory management, delivery management, freight forwarding, pallets and packaging services, and others. The freight forwarding segment held 35.9% market share in 2023, amassing US$ 6,811.63 million. It is projected to garner US$ 10,908.36 million by 2031 to register 6.1% CAGR during 2023-2031.
In terms of end user, the North America 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 38.9% share of North America event logistics market in 2023, amassing US$ 7,377.24 million. It is anticipated to garner US$ 11,738.80 million by 2031 to expand at 6.0% CAGR during 2023-2031.
By country, the North America event logistics market is segmented into the US, Canada, and Mexico. Our regional analysis states that the US captured 82.6% share of North America event logistics market in 2023. It was assessed at US$ 15,652.20 million in 2023 and is likely to hit US$ 24,368.34 million by 2031, registering a CAGR of 5.7% during 2023-2031.
Key players operating in the North America 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, United Parcel Service Inc, and XPO Inc, among others.
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