Anamika Mishra
[Sub Editor]
The global event logistics market is projected to experience significant growth, expanding from its current value of over USD 72.3 billion to more than USD 125.5 billion by 2034, according to a recent report by Global Market Insights, Inc. This rapid growth is attributed to the increasing number of local and international events as global economies continue to thrive. Demand for logistics services is rising across a wide variety of events, including trade shows, corporate conferences, exhibitions, sports tournaments, music festivals, and more.
The event logistics market is segmented by service type, which includes transportation, warehousing and storage, inventory management, logistics planning, and coordination. In 2024, transportation is expected to hold a 35% market share, with projections estimating it will reach USD 35 billion by 2034. The growing scale and complexity of major events are driving this expansion. Large-scale gatherings, such as sports tournaments and music festivals, require advanced transportation solutions to manage the movement of equipment, staging, and materials. Sophisticated logistics, including real-time tracking and route optimization, are critical to ensuring the timely delivery of items like sound systems, lighting, and temporary infrastructure.
In terms of market application, the event logistics sector is divided into corporate events, sports events, entertainment events, public events, and private events. Among these, entertainment events, including concerts and music festivals, dominated the market with a 38% market share in 2024. The rising popularity of these events, particularly among younger audiences, has driven demand for event logistics solutions. These events often require complex setups, such as the transportation of lighting rigs, sound systems, staging, and temporary facilities, which must be managed with precision.
North America leads the global event logistics market, accounting for a 35% market share in 2024, with the U.S. being the largest contributor. The region sees strong demand for logistics solutions for corporate events, trade shows, and exhibitions. As the number of international exhibitors and attendees continues to rise at major events, the need for reliable logistics services to transport materials and set up venues has grown significantly. The event logistics industry is expected to continue expanding, with increasing demand for innovative and efficient solutions.
The future of the event logistics market looks promising, driven by the growing demand for transportation, warehousing, inventory management, and other logistics services tailored for a variety of events across the globe.
Events
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Anamika Mishra
[Sub Editor]
India’s ambition to become Viksit Bharat, a developed and self-reliant nation, depends on economic growth, industrial expansion, and digital transformation. A strong, interactive, and tech-driven supply chain ecosystem is the backbone of this progress, ensuring seamless logistics, lower costs, and faster delivery across key sectors.
Why Supply Chains Hold the Key to India’s Future
A smart supply chain powers industrial development, reduces operational costs, and boosts India’s global competitiveness. To transform into
a $5 trillion economy, India must integrate AI-driven logistics, real-time tracking, and automated supply chain networks across these crucial sectors:
1. Agriculture: Solving India’s ₹92,651 Crore Post-Harvest Losses
Agriculture contributes 18% to India’s GDP but faces massive inefficiencies, leading to food wastage worth ₹92,651 crore annually. By implementing real-time supply chain tracking, farm-to-market digital platforms, and AI-powered inventory management, India can reduce losses, increase farmer incomes, and stabilize food prices.
2. Manufacturing: Supercharging ‘Make in India’ for 25% GDP Contribution
For India’s manufacturing sector to hit 25% of GDP, supply chains must integrate IoT-driven warehouses, predictive analytics for raw materials, and automated logistics solutions. Smart factories and AI-powered procurement will cut costs and improve efficiency.
3. Healthcare: Building Resilient Medical Supply Chains Post-Pandemic
The COVID-19 pandemic exposed supply chain weaknesses in healthcare. To prevent future crises, India must develop a centralized medical logistics network, ensuring faster production, real-time tracking, and AI-driven distribution of essential medicines, vaccines, and hospital supplies.
4. Energy: Powering India’s Transition to Green & Renewable Sources
With rising energy demands, India must optimize supply chains in coal, oil, and renewables. Smart supply chain solutions can prevent disruptions, manage fluctuating demand, and accelerate the transition to green energy through real-time monitoring and AI-powered logistics.
5. Semiconductor Industry: Strengthening India’s Global Role
India’s strategic position in the Indo-Pacific Economic Framework Supply Chain Council and QUAD Semiconductor Supply Chain Initiative highlights its growing influence in chip manufacturing. Investing in AI-driven semiconductor logistics and localized production units can establish India as a global semiconductor hub.
India’s Logistics Boom: A $385 Billion Market with Big Challenges
India’s logistics sector is set to hit $385 billion by 2025, growing at a 10-12% CAGR. However, high logistics costs (14-16% of GDP) vs. the global average (8-10%) pose a challenge. The main culprits? Fragmented supply chains, outdated infrastructure, and lack of AI-driven coordination.
Key Challenges Hindering Growth:
Outdated Warehousing & Cold Storage Facilities → Causes product loss and inefficiency.
Poor Transportation & Connectivity → Slows deliveries, increases costs.
Lack of AI & Data-Driven Logistics → Prevents real-time tracking & predictive analytics.
The Future: India’s Smart Supply Chain Revolution
To achieve Viksit Bharat, India must embrace:
AI-powered logistics & automation for seamless movement.
Blockchain-enabled transparency to eliminate inefficiencies.
Smart warehousing & cold storage to cut post-harvest losses.
Integrated digital supply chains for agriculture, manufacturing, healthcare, and energy.
A tech-driven, cost-efficient supply chain will drive India towards a $5 trillion economy!
Want to know how India is transforming its supply chain? Stay tuned for expert insights!
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