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Global Event Logistics Market to Grow at a CAGR of 5.86% by 2021 – High Cost of Operation & Competitive Pricing are Key Challenges Facing the Market




The global event logistics market to grow at a CAGR of 5.86% during the period 2017-2021.

The report, Global Event Logistics Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. 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.

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.

Key vendors

  • DHL International
  • DB Schenker
  • Kuehne + Nagel
  • UPS
  • Agility
  • Rhenus Logistics

Other prominent vendors

  • ACME Global Logistics
  • Allseas Global Logistics
  • AMR GROUP
  • CHARLES KENDALL
  • Chaucer Logistics Group
  • Others

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Introduction

PART 04: Market landscape

PART 05: Market segmentation by type of event

PART 06: Geographical segmentation

PART 07: Key leading countries

PART 08: Decision framework

PART 09: Drivers and challenges

PART 10: Market trends

PART 11: Key vendor analysis

For more information about this report visit https://www.researchandmarkets.com/research/n5g735/global_event

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View original content:http://www.prnewswire.com/news-releases/global-event-logistics-market-to-grow-at-a-cagr-of-586-by-2021—high-cost-of-operation–competitive-pricing-are-key-challenges-facing-the-market-300491512.html

SOURCE Research and Markets

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