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MICE Market Trends and Forecast

The future of the global MICE market looks promising with opportunities in meetings, incentives, conferences, and events. The global MICE market is expected to reach an estimated $1,423.0 billion by 2028 with a CAGR of 9.3% from 2023 to 2028. The major drivers for this market are rapid globalization, growing number of B2B/B2C events sponsored by enterprises, and rising number of business travellers for corporate events and exhibitions. 
MICE Market by Event Type

A more than 150-page report is developed to help in your business decisions. A sample figure with some insights is shown below. 
MICE Market by Segments

MICE Market by Segment

The study includes trends and forecast for the global MICE market by event type and region, as follows:

MICE Market by Event Type [Shipment Analysis by Value from 2017 to 2028]:

  • Meetings
  • Incentives
  • Conferences
  • Events

MICE Market by Region [Shipment Analysis by Value from 2017 to 2028]:

  • América del norte
  • Europa
  • Asia Pacífico
  • The Rest of the World

List of MICE Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, MICE companies i cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the MICE companies profiled in this report include-
  • BCD Group
  • AVIAREPS AG
  • Beyond Summits
  • ITL World Company (MICEMINDS)
  • IMC International
  • Global Air-American Express Travel Services
  • Questex
  • Capita Plc

MICE Market Insights

  • Lucintel forecasts that meetings is expected to remain the fastest growing event type segment over the forecast period because of the growing number of business events globally coupled with rising trend of organizing hybrid meetings that involve usage of social media and meeting apps.
  • APAC will remain the fastest growing region over the forecast period due to economic growth, significant rise of SMEs, expansion of corporate industries, and globalization of businesses in the region.

Features of the MICE Market

  • Market Size Estimates: MICE market size estimation in terms of value.
  • Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
  • Segmentation Analysis: MICE market size by various segments, such as event type and region
  • Regional Analysis: MICE market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different event types and regions for the MICE market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the MICE market.
  • Análisis de la intensidad competitiva de la industria basada en el modelo de cinco fuerzas de Porter.

Preguntas frecuentes

Q1. What is the MICE market size?
Answer: The global MICE market is expected to reach an estimated $1,423.0 billion by 2028.
Q2. What is the growth forecast for MICE market?
Answer: The global MICE market is expected to grow with a CAGR of 9.3% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the MICE market?
Answer: The major drivers for this market are rapid globalization, growing number of B2B/B2C events sponsored by enterprises, and rising number of business travellers for corporate events and exhibitions.
Q4. What are the major segments for MICE market?
Answer: The future of the MICE market looks promising with opportunities in meetings, incentives, conferences, and events.
Q5. Who are the key MICE companies?
Answer: Some of the key MICE companies are as follows:
  • BCD Group
  • AVIAREPS AG
  • Beyond Summits
  • ITL World Company (MICEMINDS)
  • IMC International
  • Global Air-American Express Travel Services
  • Questex
  • Capita Plc
Q6. Which MICE segment will be the largest in future?
Answer: Lucintel forecasts that meetings is expected to remain the fastest growing event type segment over the forecast period because of the growing number of business events globally coupled with rising trend of organizing hybrid meetings that involve the usage of social media and meeting apps.
Q7. In MICE market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the fastest growing region over the forecast period due to economic growth, significant rise of SMEs, expansion of corporate industries, and globalization of businesses in the region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

Este informe responde después de 11 preguntas clave

Q.1. What are some of the most promising, high-growth opportunities for the global MICE market by event type (meetings, incentives, conferences, and events) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the past five years and how has they impacted the industry?

For any questions related to MICE market or related to MICE companies, MICE market size, MICE market share, MICE market growth, MICE market research, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
Tabla de contenido
 
1. Executive Summary
 
2. Global MICE Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges 
 
3. Market Trends and Forecast Analysis from 2017 to 2028
3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2: Global MICE Market Trends (2017-2022) and Forecast (2023-2028)
3.3: Global MICE Market by Event Type 
3.3.1: Meetings 
3.3.2: Incentives 
3.3.3: Conferences 
3.3.4: Events  
 
4. Market Trends and Forecast Analysis by Region from 2017 to 2028
4.1: MICE Market by Region
4.2: North American MICE Market
4.2.1: North American MICE Market by Event Type: Meetings, Incentives, Conferences, and Events
4.3: European MICE Market
4.3.1: European MICE Market by Event Type: Meetings, Incentives, Conferences, and Events
4.4: APAC MICE Market 
4.4.1: APAC MICE Market by Event Type: Meetings, Incentives, Conferences, and Events
4.5: ROW MICE Market 
4.5.1: ROW MICE Market by Event Type: Meetings, Incentives, Conferences, and Events
 
5. Competitor Analysis  
5.1: Product Portfolio Analysis  
5.2: Operational Integration  
5.3: Porter’s Five Forces Analysis   
 
6. Growth Opportunities and Strategic Analysis  
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global MICE Market by Event Type 
6.1.2: Growth Opportunities for the Global MICE Market by Region
6.2: Emerging Trends in the Global MICE Market   
6.3: Strategic Analysis   
6.3.1: New Product Development   
6.3.2: Capacity Expansion of the Global MICE Market   
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global MICE Market      
6.3.4: Certification and Licensing   
 
7. Company Profiles of Leading Players  
7.1: BCD Group
7.2: AVIAREPS AG
7.3: Beyond Summits
7.4: ITL World Company (MICEMINDS)
7.5: IMC International
7.6: Global Air-American Express Travel Services
7.7: Questex 
7.8: Capita Plc 
 
 
.

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Full Report: MICE Market: Trends, Opportunities and Competitive Analysis [2023-2028] Informe completo $ 2,990
150 - page report
Lucintel ha estado en el negocio de la consultoría de investigación y gestión de mercado desde 2000 y ha publicado más de 1000 informes de inteligencia de mercado en varios mercados / aplicaciones y atendió a más de 1,000 clientes en todo el mundo. Este estudio es una culminación de cuatro meses de esfuerzo a tiempo completo realizado por el equipo analista de Lucintel. Los analistas utilizaron las siguientes fuentes para la creación y finalización de este valioso informe:
  • Entrevistas en profundidad de los principales actores en este mercado
  • Investigación secundaria detallada de los estados financieros de los competidores y datos publicados 
  • Extensas búsquedas de obras publicadas, mercado e información de bases de datos relacionadas con noticias de la industria, comunicados de prensa de la empresa e intenciones de clientes
  • Una compilación de las experiencias, juicios e ideas de los profesionales de Lucintel, que han analizado y rastreado este mercado a lo largo de los años.
Se realizan una extensa investigación y entrevistas en la cadena de suministro de este mercado para estimar la cuota de mercado, el tamaño del mercado, las tendencias, los impulsores, los desafíos y las previsiones. A continuación se muestra un breve resumen de las entrevistas principales que se llevaron a cabo por la función de trabajo para este informe.
 
Por lo tanto, Lucintel compila grandes cantidades de datos de numerosas fuentes, valida la integridad de esos datos y realiza un análisis exhaustivo. Lucintel luego organiza los datos, sus hallazgos y las ideas sobre un informe conciso diseñado para respaldar el proceso estratégico de toma de decisiones. La siguiente figura es una representación gráfica del proceso de investigación de Lucintel. 
 

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