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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Events Industry Market Trends
A thriving event management environment is marked by a collective desire among clients, meeting planners, and suppliers to simplify and streamline the planning process. Organisers expect continuous innovation and automation for smaller, straightforward meeting bookings, the Request for Proposal (RFP) process, and other routine tasks. The high demand for technology that enhances attendee experiences persists as meeting owners aim to attain attendance goals, bridge connections between in-person and virtual audiences, and deliver unique event experiences.
Some of the prominent factors driving the expansion of events industry market are sustainable event production practices, eco-friendly catering choices, and the implementation of carbon-offsetting initiatives which are gaining prominence, contributing to the industry's increased responsibility and future resilience.
Figure: Sustainability in the Events Industry Market
- The events industry statistics show that it is undergoing a rapid transformation recognising and responding to the pressing need for greater sustainability. In response to a growing environmentally conscious market, there is an increase in demand for events to be socially inclusive, economically viable, and environmentally responsible.
- Frameworks such as the Sustainable Development Goals (SDGs), the Global Reporting Initiative (GRI), and the ISO 20121 standard are used for sustainability planning and reporting.
| Green Venues | Sustainable Event Technology | Certifications | Sustainable Transportation |
| Venues adopting eco-friendly features such as energy efficiency, sustainable materials and waste reduction are gaining popularity. Venues with green certifications are increasingly becoming preferred options. | The integration of eco-friendly technological solutions such as digital ticketing, mobile event communication apps and LED lighting is reducing both paper and energy usage in the events industry market. | Certifications like ISO 20121 for sustainable event management and B Corp certification demonstrate a commitment to sustainability attracting environment conscious sponsors and attendees. | Partnering with public transport authorities to create event friendly routes and schedules enhances attendees access to public transportation. Low emission vehicles are employed for shuttle services, further contributing to environmental sustainability. |
Events Industry Market Report Snapshots
Events Industry Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the market attained a value of nearly USD 1,406.0 billion.
The market is assessed to grow at a CAGR of 5.1% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach about USD 2,230.8 billion by 2032.
The events industry is a dynamic sector that involves organising and hosting several events, including trade shows, conferences, and exhibitions. It helps businesses, industries, and individuals to share knowledge, network with an audience, and showcase products.
The event industry supports the economy by creating jobs, generating revenue, attracting visitors, and promoting destinations.
The major drivers of the market include the increasing frequency of social and non-social gatherings, the rising number of sponsors, and the growing corporate culture.
The increasing number of live performances, rising corporate events, and technological advancements are supporting the market growth.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major event types include music events, festivals and cultural events, sports events, exhibitions and trade fairs, and corporate events and seminars.
Key market players include ATPI Ltd., Triumph Group International S.P.A. Benefit Company, Reed Exhibitions Limited, GL Events Group, BCD Meetings & Events, Anschutz Entertainment Group, Inc., ASM Global, CTS EVENTIM AG & Co. KGaA, Clarion Events Ltd., and Cvent Inc., among others.
Yes, it is a big industry.
2024-2032 is the forecast period in the market.
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Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124