PUBLISHER: The Insight Partners | PRODUCT CODE: 1597109
PUBLISHER: The Insight Partners | PRODUCT CODE: 1597109
The Europe event logistics market was valued at US$ 29,131.97 million in 2023 and is expected to reach US$ 46,336.74 million by 2031; it is estimated to register a CAGR of 6.0% from 2023 to 2031.
Rise in Strategic Initiatives by Key Players Drives Europe Event Logistics Market
Key players operating in the Europe event logistics market include DSV A/S; CH Robinson; KUEHNE + NAGEL; CEVA Logistics; DB SCHENKER; DHL International GmbH; FedEx; UPS; XPO Logistics, Inc.; 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 Europe event logistics market growth.
Europe Event Logistics Market Overview
The European event logistics market size is mainly supported by the presence of large number of event logistics companies such as Kuehne+Nagel, DHL, DEKRA, GEODIS, HEED-Logistics, Hamburg Messe + Congress, Target Motivation, Sport & Events Logistics Srl, Genius Eventi Srl, WES Logistics, and Event Logistics Team srl. These vendors are constantly catering to the demand generated from corporate events/trade fairs, sport events, media & entertainment events in the region. Among the mentioned event logistics vendors, some of the companies such as DHL, GEODIS, and Kuehne+Nagel are top companies in the logistics industry worldwide which makes the European region another big region for event logistics industry.
Europe Event Logistics Market Revenue and Forecast to 2031 (US$ Million)
Europe Event Logistics Market Segmentation
The Europe event logistics market is categorized into type, end user, and country.
Based on type, the Europe event logistics market is segmented inventory management, delivery management, freight forwarding, pallets and packaging services, and others. The freight forwarding segment held the largest market share in 2023.
In terms of end user, the Europe 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 the largest market share in 2023.
By country, the Europe event logistics market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Germany dominated the Europe event logistics market share in 2023.
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 are some of the leading companies operating in the Europe event logistics market.