The Exhibition Organizing Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Exhibition Organizing Global Market Report 2024, The exhibition organizing market size has grown strongly in recent years. It will grow from $30.47 billion in 2023 to $31.94 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to economic growth, globalization, industry-specific growth, government support and policies, and urbanization.
The exhibition organizing market size is expected to see strong growth in the next few years. It will grow to $38.75 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to digital transformation, economic growth, industry-specific trends, globalization, and government initiatives. Major trends in the forecast period include hybrid events, technological integration, sustainability practices, health and safety measures, data-driven insights, and personalization.
The increasing number of business travelers is expected to propel the growth of the exhibition organizing market going forward. Business travelers are individuals who travel for work-related purposes rather than for personal or leisure reasons. The number of business travelers is rising due to the globalization of businesses and the increasing need for in-person meetings and networking opportunities. Exhibition organizing is crucial for business travelers as it facilitates networking, showcases innovations, and fosters partnerships within the industry. For instance, in May 2023, according to the Office for National Statistics, a UK-based government department, business visits to and from the UK by overseas and UK residents reached 5,149 thousand in 2022, compared to 1,222 thousand in 2021. Therefore, the increasing number of business travelers is driving the growth of the exhibition organizing market.
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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
Major companies operating in the exhibition organizing market are increasing their focus on novel exhibition initiatives, such as art exhibitions, to gain a competitive edge in the market. Art exhibitions are curated displays of artworks, typically held in galleries, museums, or other cultural venues. They are organized to showcase artists’ works, themes, or movements to the public. For instance, in November 2023, the Terra Foundation for American Art, a US-based nonprofit organization, launched a new citywide initiative called Art Design Chicago. This initiative, running from fall 2023 to 2025, aims to highlight the city’s artistic heritage and creative communities through a series of events and exhibitions. It also seeks to promote collaboration and exchange among cultural practitioners throughout Chicago, stimulate expansive narratives of Chicago art and design, and strengthen the local visual art ecosystem. Art Design Chicago will feature the work of hundreds of artists through partnerships with more than 50 art-focused organizations across 30 neighborhoods.
The exhibition organizing market report table of contents includes:
1. Executive Summary
2. Exhibition Organizing Market Characteristics
3. Exhibition Organizing Market Trends And Strategies
4. Exhibition Organizing Market – Macro Economic Scenario
5. Global Exhibition Organizing Market Size and Growth
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32. Global Exhibition Organizing Market Competitive Benchmarking
33. Global Exhibition Organizing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Exhibition Organizing Market
35. Exhibition Organizing Market Future Outlook and Potential Analysis
36. Appendix
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