by The MICE market size is poised to grow by USD 1,748.07 billion by 2032 from USD 935.01 billion in 2023, exhibiting a CAGR of 7.20% during the forecast period 2023-2032.
Key Takeaways
- Asia-Pacific contributed more than 44% of revenue share in 2022.
- Europe is estimated to expand the fastest CAGR between 2023 and 2032.
- By event type, the meetings segment has held the largest market share of 42% in 2022.
- By event type, the incentives segment is anticipated to grow at a remarkable CAGR of 8.4% between 2023 and 2032.
Precedence Research has conducted a comprehensive market study that provides valuable insights into the performance of the market during the forecast period. The study identifies significant trends that are shaping the growth of the MICE market. In this recently published report, essential dynamics such as drivers, restraints, and opportunities are highlighted for both established market players and emerging participants involved in production and supply.
To begin with, the MICE Market report features an executive summary that offers a concise overview of the marketplace. It outlines the key players and industry categories expected to have an impact on the market in the coming years. The executive summary provides an unbiased summary of the market.
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MICE Market Scope
| Report Coverage | Details |
| Growth Rate from 2023 to 2032 | CAGR of 7.20% |
| Market Size in 2023 | USD 935.01 Billion |
| Market Size by 2032 | USD 1,748.07 Billion |
| Largest Market | Asia Pacific |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Event Type |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
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The empirical study on the global MICE market primarily focuses on the drivers in subsequent sections. It demonstrates how changing demographics are projected to influence the supply and demand dynamics in the MICE Market. Our market report for the MICE market also delves into the significant rules and regulations that are likely to impact the future growth of this sector. Moreover, in order to comprehend the underlying demand factors, industry experts have provided insights into its fundamental origins.
MICE Market Players
- CWT Meetings & Events
- BCD Meetings & Events
- Maritz Global Events
- American Express Meetings & Events
- The Freeman Company
- Grass Roots Meetings & Events
- ATPI Ltd.
- ITA Group
- Creative Group, Inc.
- MCI Group
- BCD Travel
- BESynergy
- Eventive
- HelmsBriscoe
- Kuoni Global Travel Services
Data Sources and Methodology
To gather comprehensive insights on the Global MICE Market, we relied on a range of data sources and followed a well-defined methodology. Our approach involved interactions with industry experts and key stakeholders across the market’s value chain, including management organizations, processing organizations, and analytics service providers.
We followed a rigorous data analysis process to ensure the quality and credibility of our research. The gathered information was carefully evaluated, and relevant quantitative data was subjected to statistical analysis. By employing robust analytical techniques, we were able to derive meaningful insights and present a comprehensive overview of the Global MICE Market.
The most resonating, simple, genuine, and important causes because of which you must decide to buy the MICE market report exclusively from precedence research
- The research report has been meticulously crafted to provide comprehensive knowledge on essential marketing strategies and a holistic understanding of crucial marketing plans spanning the forecasted period from 2023 to 2032.
Key Features of the Report:
- Comprehensive Coverage: The report extensively encompasses a detailed explanation of highly effective analytical marketing methods applicable to companies across all industry sectors.
- Decision-Making Enhancement: It outlines a concise overview of the decision-making process while highlighting key techniques to enhance it, ensuring favorable business outcomes in the future.
- Articulated R&D Approach: The report presents a well-defined approach to conducting research and development (R&D) activities, enabling accurate data acquisition on current and future marketing conditions.
Market Segmentation:
By Event Type
- Meetings
- Incentives
- Conferences
- Events
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Reasons to Consider Purchasing the Report:
- Enhance your market research capabilities by accessing this comprehensive and precise report on the global MICE market.
- Gain a thorough understanding of the overall market landscape and be prepared to overcome challenges while ensuring robust growth.
- Benefit from in-depth research and analysis of the latest trends shaping the global MICE market.
- Obtain detailed insights into evolving market trends, current and future technologies, and strategic approaches employed by key players in the global MICE market.
- Receive valuable recommendations and guidance for both new entrants and established players seeking further market expansion.
- Discover not only the cutting-edge technological advancements in the global MICE market but also the strategic plans of industry leaders.
Table of Content
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on MICE Market
5.1. COVID-19 Landscape: MICE Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global MICE Market, By Event Type
8.1. MICE Market, by Event Type, 2023-2032
8.1.1. Meetings
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Incentives
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Conferences
8.1.3.1. Market Revenue and Forecast (2020-2032)
8.1.4. Events
8.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global MICE Market, Regional Estimates and Trend Forecast
9.1. North America
9.1.1. Market Revenue and Forecast, by Event Type (2020-2032)
9.1.2. U.S.
9.1.2.1. Market Revenue and Forecast, by Event Type (2020-2032)
9.1.3. Rest of North America
9.1.3.1. Market Revenue and Forecast, by Event Type (2020-2032)
9.2. Europe
9.2.1. Market Revenue and Forecast, by Event Type (2020-2032)
9.2.2. UK
9.2.2.1. Market Revenue and Forecast, by Event Type (2020-2032)
9.2.3. Germany
9.2.3.1. Market Revenue and Forecast, by Event Type (2020-2032)
9.2.4. France
9.2.4.1. Market Revenue and Forecast, by Event Type (2020-2032)
9.2.5. Rest of Europe
9.2.5.1. Market Revenue and Forecast, by Event Type (2020-2032)
9.3. APAC
9.3.1. Market Revenue and Forecast, by Event Type (2020-2032)
9.3.2. India
9.3.2.1. Market Revenue and Forecast, by Event Type (2020-2032)
9.3.3. China
9.3.3.1. Market Revenue and Forecast, by Event Type (2020-2032)
9.3.4. Japan
9.3.4.1. Market Revenue and Forecast, by Event Type (2020-2032)
9.3.5. Rest of APAC
9.3.5.1. Market Revenue and Forecast, by Event Type (2020-2032)
9.4. MEA
9.4.1. Market Revenue and Forecast, by Event Type (2020-2032)
9.4.2. GCC
9.4.2.1. Market Revenue and Forecast, by Event Type (2020-2032)
9.4.3. North Africa
9.4.3.1. Market Revenue and Forecast, by Event Type (2020-2032)
9.4.4. South Africa
9.4.4.1. Market Revenue and Forecast, by Event Type (2020-2032)
9.4.5. Rest of MEA
9.4.5.1. Market Revenue and Forecast, by Event Type (2020-2032)
9.5. Latin America
9.5.1. Market Revenue and Forecast, by Event Type (2020-2032)
9.5.2. Brazil
9.5.2.1. Market Revenue and Forecast, by Event Type (2020-2032)
9.5.3. Rest of LATAM
9.5.3.1. Market Revenue and Forecast, by Event Type (2020-2032)
Chapter 10. Company Profiles
10.1. CWT Meetings & Events
10.1.1. Company Overview
10.1.2. Product Offerings
10.1.3. Financial Performance
10.1.4. Recent Initiatives
10.2. BCD Meetings & Events
10.2.1. Company Overview
10.2.2. Product Offerings
10.2.3. Financial Performance
10.2.4. Recent Initiatives
10.3. Maritz Global Events
10.3.1. Company Overview
10.3.2. Product Offerings
10.3.3. Financial Performance
10.3.4. Recent Initiatives
10.4. American Express Meetings & Events
10.4.1. Company Overview
10.4.2. Product Offerings
10.4.3. Financial Performance
10.4.4. Recent Initiatives
10.5. The Freeman Company
10.5.1. Company Overview
10.5.2. Product Offerings
10.5.3. Financial Performance
10.5.4. Recent Initiatives
10.6. Grass Roots Meetings & Events
10.6.1. Company Overview
10.6.2. Product Offerings
10.6.3. Financial Performance
10.6.4. Recent Initiatives
10.7. ATPI Ltd.
10.7.1. Company Overview
10.7.2. Product Offerings
10.7.3. Financial Performance
10.7.4. Recent Initiatives
10.8. ITA Group
10.8.1. Company Overview
10.8.2. Product Offerings
10.8.3. Financial Performance
10.8.4. Recent Initiatives
10.9. Creative Group, Inc.
10.9.1. Company Overview
10.9.2. Product Offerings
10.9.3. Financial Performance
10.9.4. Recent Initiatives
10.10. MCI Group
10.10.1. Company Overview
10.10.2. Product Offerings
10.10.3. Financial Performance
10.10.4. Recent Initiatives
Chapter 11. Research Methodology
11.1. Primary Research
11.2. Secondary Research
11.3. Assumptions
Chapter 12. Appendix
12.1. About Us
12.2. Glossary of Terms
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