Report Feature
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.
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 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]:
- North America
- Europe
- Asia Pacific
- 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.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
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:
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.
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.
