The global Event Logistics industry to grow at a CAGR of 8.57% during the period 2017-2021.
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The global Event Logistics market research report identifies the following companies are the key players: DHL International, DB SCHENKER, KUEHNE + NAGEL, UPS, Agility, and Rhenus Logistics.
Other Prominent Vendors in the market are: ACME Global Logistics, Allseas Global Logistics, AMR GROUP, CHARLES KENDALL, Chaucer Logistics Group, DMS Global Event Logistics, EFI Logistics, MOTHERS & SONS, PYRAMID LOGISTICS, Senator International, Servicing International Trade Events (SITE), and SOS Global Express.
Complete report on the Event Logistics Market Research Report spread across 85 pages, profiling 17 companies with table of content is now available at www.reportsnreports.com/contacts/.aspx?name=1127694 .
Event Logistics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts.
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The report also includes a discussion of the key vendors operating in this market.
One trend in the market is technological advancement in event logistics. The use of upgraded technologies in event logistics services is likely to increase during the forecast period.
A range of services, such as radio-frequency identification (RFID) for event inventory tracking, GPS-enabled transportation trucks for tracking, bar coding, and MIS-related services, are provided by event logistics firms.
According to the report, one driver in the market is cost reduction through event logistics service providers. Infrastructure building for logistics is a capital-extensive process, and there is long term investment blockage.
Therefore, logistics services are outsourced by various organizers of event and event management companies to decrease operational costs. Outsourcing supply chain and other logistics related services of their operations to event logistics service provider vendors, allows entertainment events, trade fair and other event organizers to improve the business efficiency by focusing on their core competencies.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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Further, the report states that one challenge in the market is high cost of operation and competitive pricing. With the increase in demand for value-added services (VAS) and specialized professional supply chain solutions in the event logistics market, the industry is becoming highly competitive in terms of pricing of services.
Vendors in the global event logistics market are under continuous pressure from customers to keep the prices low. Due to instability of fuel prices, profits from fixed-term contracts with customers have reduced.
Customers are demanding lower rates while renewing contracts.
This report covers the present scenario and the growth prospects of the global event logistics market for 2017-2021. To calculate the market size, the report considers the revenue generated by different vendors through the sales of event logistics services to organizers of various events such as sports events, entertainment events, trade fairs and others.
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this industry?
What are the challenges to market growth?
Who are the key vendors in this industry space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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