Press release
Global Exhibition Organizing Market Projected to Surpass $41.23 Billion by 2029 with 5% Annual Growth
What market dynamics are playing a key role in accelerating the growth of the exhibition organizing market?The rising number of business travelers is expected to promote the growth of the exhibition organizing market. Business travelers are individuals who travel for work purposes, and their numbers are increasing due to globalization and the need for in-person meetings. Exhibition organizing is crucial for facilitating networking, showcasing innovations, and fostering partnerships. According to the Office for National Statistics in May 2023, business visits to and from the UK increased significantly in 2022 compared to 2021. Therefore, the rise in business travel is driving the exhibition organizing market.
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How will the growth rate of the exhibition organizing market shape industry trends by 2034?
The exhibition organizing market has expanded strongly in recent years. It is expected to grow from $32.14 billion in 2024 to $33.88 billion in 2025, at a CAGR of 5.4%. Growth factors include economic development, globalization, industry-specific growth, government policies, and urbanization.
The exhibition organizing market is set to grow steadily, reaching $41.23 billion by 2029 at a CAGR of 5.0%. This growth is driven by digital transformation, economic growth, industry-specific trends, globalization, and government support. Key trends include hybrid events, technological integration, sustainability efforts, health and safety measures, data-driven insights, and personalized event experiences.
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What trends are poised to drive the future success of the exhibition organizing market?
Companies in the exhibition organizing market are prioritizing novel initiatives, like art exhibitions, to gain a competitive advantage. Art exhibitions showcase the works of artists and highlight specific themes or movements. For example, in November 2023, the Terra Foundation for American Art, a US-based nonprofit, launched Art Design Chicago, a citywide initiative running from 2023 to 2025. The initiative focuses on Chicago's artistic heritage, fostering collaboration and exchange among artists and cultural practitioners, and will feature works by hundreds of artists across more than 50 art organizations in 30 neighborhoods.
Which primary segments of the exhibition organizing market are driving growth and industry transformations?
The exhibition organizing market covered in this report is segmented -
1) By Type: 5,000-20,000 Square Meter (Sqm), 20,000-100,000 Square Meter (Sqm), More Than 100,000 Square Meter (Sqm)
2) By Application: Commercial Exhibitions, Art Exhibitions, Academic Exhibitions, Other Applications
3) By End-use Industry: Education And Career Fairs, Art And Culture, Health And Wellness, Entertainment And Media, Other End-use Industries
Subsegments
1) By 5,000-20,000 Square Meter (Sqm): Regional Exhibitions, Small Trade Shows, Local Exhibitions
2) By 20,000-100,000 Square Meter (Sqm): National Exhibitions, Large Trade Fairs, Conferences And Conventions
3) By More Than 100,000 Square Meter (Sqm): International Exhibitions, Mega Trade Fairs, Industry-Specific Expos
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Which regions are key players in the growth of the exhibition organizing market?
North America was the largest region in the exhibition organizing market in 2023. The regions covered in the exhibition organizing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the exhibition organizing market landscape?
Major companies operating in the exhibition organizing market are Reed Exhibitions, Informa Markets, GL Events, Ascential plc, MCH Group, Emerald Expositions, Messe München, Clarion Events, Fiera Milano SpA, NürnbergMesse, Artexis Easyfairs, Comexposium, dmg events, Hyve Group, Tüyap Fairs and Exhibitions Organization Inc., Koelnmesse, RAI Amsterdam, Fira Barcelona, Pico Global, Tarsus Group, Messe Düsseldorf, Messe Frankfurt, ITE Group, and Korea Trade-Investment Promotion Agency (KOTRA)
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What Is Covered In The Exhibition Organizing Global Market Report?
•Market Size Forecast: Examine the exhibition organizing market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the exhibition organizing market for a structured understanding.
•Key Players Overview: Analyze major players in the exhibition organizing market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the exhibition organizing market.
•Segment Contributions: Evaluate how different segments drive overall growth in the exhibition organizing market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the exhibition organizing market.
•Industry Challenges: Identify potential risks and obstacles affecting the exhibition organizing market.
•Competitive Landscape: Review strategic developments in the exhibition organizing market, including expansions, agreements, and new product launches.
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