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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Events Industry Market Regional Analysis
North America is expected to hold a significant events industry market share due to the popularity of live events
The United States of America led the world with the most music festivals in 2023, hosting 512 of them, with 18 drawing crowds of over 50,000 people. The country also holds some iconic musical festivals like Coachella, Lollapalooza, Summerfest, and Rolling Loud. Further, Canada has over 3,000 start-ups, with most of them located in the Toronto-Waterloo area, which can boost the events industry market opportunities. The country raised CAD 6.3 billion in H1 2021. The rising startup culture in North America is supporting the MICE industry, due to the increasing opportunities for collaboration and networking.
In Europe, environmental sustainability concerns around events are encouraging planners to choose venues that follow sustainable practices, such as using recycled products. For instance, the United Kingdom Government aims to achieve a 50% reduction in its emissions by 2030 and Net Zero by 2050 in line with the Paris Climate Agreement. The events sector is a crucial contributor to the country’s sustainability. Event organisers are increasingly focusing on venues that focus on sustainability criteria, such as the use of reusable tablecloths and utensils and green transportation, further aiding the growth of the events industry.
Asia Pacific is witnessing an increasing uptake of technology, such as virtual and augmented reality, and Artificial Intelligence aimed at improving the overall attendee experience. Some of the key companies operating in the region include Live Nation Entertainment, BCD Meeting & Events, and Entertaining Asia.
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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United States (Head Office)
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+1-415-325-5166
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