Summary
The global Events Industry Market is expected to witness a CAGR of xx% over the forecast period 2020-2026 and is expected to reach US$ xx million in 2026, from US$ xx million in 2019.
Overview
Event management refers to the application of project management to the creation and development of small or large-scale corporate or personal events including ceremonies, festivals, conferences, formal parties, weddings, conventions, and concerts. Event management involves the analysis of the brand and identifying the target audience, formulating the event concept, and coordinating with experts before launching the event. The global events industry market focuses on six regions namely North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. The global events industry market is expected to witness significant growth during the forecast period, owing to growing interest in entrepreneurship among youth.
Market Drivers
Increasing number of sponsors promoting large-scale events is expected to drive growth of the global events industry market during the forecast period. The number of music concerts taking place across the globe is increasing with a rising number of sponsors promoting such large-scale events. Such events offer massive opportunities for promoters and brands to align themselves with people attending concerts. These events expand their reach over a greater audience, helping them to promote their products more efficiently. Hence, such factors are expected to drive growth of the global events industry market during the forecast period. Furthermore, growing interest in entrepreneurship among youth is expected to propel the global events industry market growth over the forecast period.
Market Restraint
High entry cost and fragmented events industry is expected to restrain growth of the global events industry market during the forecast period.
Regional Insights
Among regions, Europe is expected to witness significant growth in the global events industry market during the forecast period. This is owing to increasing number of international conferences across the region. Furthermore, North America is expected to register a robust growth rate over the forecast period, owing to the presence of key industry players such as Access Destination Services in the region.
Competitive Section
Major companies operating in the global events industry market are Access Destination Services, ATPI Ltd, Seven Events Ltd., Cvent Inc., Clarion Events Ltd., Versatile Event Management, Entertaining Asia, Capita plc, CL Events, Outback Concerts, The Freeman Company, and Penguins Limited.
The Events Industry Market report highlights product development and growth strategies such as merger and acquisition adopted by market players along with SWOT Analysis, PEST and Porter’s Five Forces analyses of the Events Industry Market, which highlight the strengths, weaknesses, opportunities, and commination of key companies. Moreover, the report offers two distinct market forecasts, one from the perspective of the producer and another from that of the consumer.
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers.
The Key Manufacturers covered in this Report:-
- Access Destination Services
- BCD GROUP
- ATPI Ltd
- Riviera Events
- Entertaining Asia
- Live Nation Worldwide Inc
- StubHub
- Anschutz Entertainment Group
- Pollstar
- Cvent Inc
- Capita Plc
- Reed Exhibitions
- Questex LLC
- Outback Concerts
- The Freeman Company
- Penguins Limited
- CL Events
- Seven Events Ltd
- Clarion Events Ltd
- Versatile Event Management
By the Product Type, the market is primarily segmented into:
- By Age Group
- By Type
- By Revenue Source
By Applications, the market is segmented into:
- Corporate
- Sports
- Education
- Entertainment
- Others
The Report covers the following Regions:
- North America
- United States
- Canada
- Mexico
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- Indonesia
- Thailand
- Malaysia
- Philippines
- Vietnam
- Europe
- Germany
- France
- UK
- Italy
- Russia
- Central & South America
- Middle East & Africa
- Turkey
- GCC Countries
- Egypt
- South Africa
Objective of the Events Industry Market Report:
- To assess the size of the market by value and volume
- Analyze the Events Industry Market in terms of regions and major countries
- Highlight recent developments and trends in the market
- Offer perceptive data regarding major market players in terms of key developments, strategies, and product portfolio
- Determine share of the Events Industry Market in terms of various segments such as by product type, application, and end-user
- Offer accurate projection of the market for the forecast period using state-of –the-art tools and the current primary and secondary research approaches
- Discuss major factors that impact growth of the Events Industry Market
The Events Industry Market engages the readers with all pivotal approaches to understand their position in the industry based on revenue or sales growth. The report efficiently evaluates the Events Industry Market from various dimensions to deliver an end-product that is informative, elaborate, and accurate and includes detailed market segmentation, regional analysis, and competition in the market. The information in the report is backed by annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases.
For the data information by region, company, type and application, 2019 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Key Stakeholders:
- Material suppliers/wholesalers
- Market Distributors/traders
- Regulatory bodies
- Research organizations, and consulting firms
- Commercial research & developments (R&D)
- Trade associations and industry bodies
- Importers and exporters
- End-use industries
Available Customizations:
Custom research is one of the most crucial components of the business strategy that helps an organization gain insight into specific business sector, aligned with its specific area of interest. Thus, SMI offers more accurate, pragmatic, and actionable information specifically tailored to suit your business needs.
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