Market Size of Asia Pacific Event Logistics Industry
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 22.88 Billion |
| Market Size (2029) | USD 31 Billion |
| CAGR (2024 - 2029) | 6.26 % |
| Market Concentration | Low |
Major Players.webp "Asia Pacific Event Logistics Market Major Players")
*Disclaimer: Major Players sorted in no particular order |
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Asia Pacific Event Logistics Market Analysis
The Asia Pacific Event Logistics Market size is estimated at USD 22.88 billion in 2024, and is expected to reach USD 31 billion by 2029, growing at a CAGR of 6.26% during the forecast period (2024-2029).
- The Asia Pacific event logistics market is growing rapidly as more events, conferences, and exhibitions are being held in the region. Rapid urbanization and the economic growth of the region are driving the demand for logistics services. Technology is also playing a role in the efficiency of logistics operations for Asia Pacific events.
- To promote the logistics in the Asia Pacific region, at the G20 Summit held in New Delhi, the government is taking initiatives to develop a transport corridor to link India, the Middle East, and Europe by rail, air, and sea.
- For Instance, in September 2023, The Transport Logistics and Air Cargo trade fair is in Southeast Asia with Singapore as the hub for transport logistics and air cargo in the region. MMI Asia announced the dates of the Southeast Asian edition of the transport logistics and air cargo show along with key industry stakeholders, including Changi Airport Group, SATS Ltd, and DHL Express, on 15 November. MMI Asia and the Singapore Tourism Board (STB) signed an MoU on 15 November for the organization of multiple biennial editions of the Transport Logistics & Air Cargo trade fair in Singapore. The Southeast Asian edition will be held at Marina Bay Sands in Singapore from 13 to 15 September 2023. The trade fairs and exhibitions are growing in the region, and so is the demand for event logistics is growing.
- For Instance, in October 2023, The World Cup 2023, which was held in India, the DP World and International Cricket Council (ICC) signed a partnership, and DP World launched its new ‘Beyond Borders’ initiative in collaboration with cricket star batsman and International Cricket Council (ICC) President. DP World utilizes its comprehensive network and intelligent logistics solutions to deliver 50 reused shipping containers to local cricket clubs across the globe. Each container is equipped with the necessary equipment.
- The new DP World Global ambassador launched the first container ahead of the 2023 edition of ICC Men's 50 Over Cricket World Cup in India, which will be held in the country from October 5 to November 19. At NSCI in Mumbai, Tendulkar unveiled the first container along with 40 Cricket kits. The first container of DP World will be placed at Palghar Sports Club in Maharashtra. Another 210 kits will be distributed among young cricketers coming from academies such as the one at Achrekar Cricket Academy and the one at Shivaji Park Gymkhana Academy.
Asia Pacific Event Logistics Industry Segmentation
Event logistics refers to the organization and coordination of all participants and resources involved in each event. This includes the storage of equipment, the selection of a venue, the registration of participants, and the transportation of materials. The market size captures the revenue accrued by the logistics companies through the provision of services such as transportation, storage, and other value-added services.
The report provides a comprehensive background analysis of the market, covering the current market trends, restraints, technological updates, and detailed information on various segments and the industry's competitive landscape.
The Asia Pacific event logistics market is segmented by type (inventory control, distribution system, and logistics solutions), by application (entertainment, sports, trade fair, other applications), and by country (China, India, Japan, Thailand, Vietnam, Singapore, Australia and Rest of Asia Pacific). The report offers the market size and forecasts in value (USD) for all the above segments.
| By Type | |
| Inventory Control | |
| Distribution Systems | |
| Logistics Solutions |
| By Application | |
| Entertainment | |
| Sports | |
| Trade fair | |
| Others |
| By Country | |
| China | |
| South Korea | |
| India | |
| Japan | |
| Rest of the Asia Pacific region |
Asia Pacific Event Logistics Market Size Summary
The Asia Pacific event logistics market is experiencing significant growth, driven by an increase in events, conferences, and exhibitions across the region. This expansion is fueled by rapid urbanization and economic development, which are boosting the demand for efficient logistics services. Technological advancements are further enhancing the operational efficiency of logistics for events in the region. Government initiatives, such as the development of a transport corridor linking India, the Middle East, and Europe, are also contributing to the market's growth. Major trade fairs and exhibitions, like the Transport Logistics and Air Cargo trade fair in Singapore, highlight the region's burgeoning demand for event logistics. Partnerships and collaborations, such as those seen during the World Cup 2023 in India, underscore the strategic importance of logistics in supporting large-scale events.
The market is characterized by a high degree of fragmentation, with numerous companies employing both organic and inorganic growth strategies to expand their presence. Key players like DHL Supply Chain, DP World, and Agility are actively involved in the market, leveraging new product launches, acquisitions, and partnerships to enhance their offerings. The event logistics sector is poised for profitable growth, supported by the increasing frequency of global events and the need for sophisticated logistics solutions. Notable developments, such as JD Logistics' role in the Beijing 2022 Winter Olympics and YTO Express's sponsorship of the Asian Games, illustrate the critical role of logistics in facilitating major events. The acquisition of local forwarders by Global Critical Logistics further emphasizes the dynamic nature of the market, as companies seek to strengthen their capabilities and expand their customer base.
Asia Pacific Event Logistics Market Size - Table of Contents
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1. MARKET INSIGHTS AND DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Exhibitions and Conferences are driving the market
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1.2.2 Sports Events are driving the market growth
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1.3 Market Restraints
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1.3.1 Lack of Skilled Labor
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1.4 Market Opportunities
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1.4.1 Technological Innovations in the Events
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1.5 Porter's Five Forces Analysis
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1.5.1 Bargaining Power of Suppliers
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1.5.2 Bargaining Power of Consumers/Buyers
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1.5.3 Threat of New Entrants
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Value Chain/ Supply Chain Analysis
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1.7 Impact of Covid-19 on the market
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Inventory Control
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2.1.2 Distribution Systems
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2.1.3 Logistics Solutions
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2.2 By Application
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2.2.1 Entertainment
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2.2.2 Sports
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2.2.3 Trade fair
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2.2.4 Others
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2.3 By Country
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2.3.1 China
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2.3.2 South Korea
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2.3.3 India
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2.3.4 Japan
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2.3.5 Rest of the Asia Pacific region
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Asia Pacific Event Logistics Market Size FAQs
How big is the Asia Pacific Event Logistics Market?
The Asia Pacific Event Logistics Market size is expected to reach USD 22.88 billion in 2024 and grow at a CAGR of 6.26% to reach USD 31 billion by 2029.
What is the current Asia Pacific Event Logistics Market size?
In 2024, the Asia Pacific Event Logistics Market size is expected to reach USD 22.88 billion.
