Market Size of Europe Event Management Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 11.60 % |
| Fastest Growing Market | Europe |
| Largest Market | Europe |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Event Management Market Analysis
Europe Event Management Market is expected to achieve a CAGR of 11.6% during the forecast period. The Event Management Market in Europe has been negatively impacted in 2020 by the COVID-19 pandemic outbreak. Most exhibitions, in-person meetings, trade shows, conventions, and seminars were postponed as a result of the lockdown measures the government put in place to try and stop the virus spread. Additionally, a sharp decline in foreign visitor arrivals to Europe during the pandemic contributed to the decline of the European event management industry. One of the top locations for roasting events worldwide is Europe.
The rapid development of the tourism and hospitality industries, the expansion of IT hubs in Europe, and the enormous rise in business activities like conferences and seminars, brand promotions, and employee training activities are the main drivers of the growth of the European event management market. A rise in business travel combined with a shift in the lifestyle of business travelers who seek out leisure travel, rapid urbanization, and an increase in disposable income are other significant factors that support the market's expansion.
Therefore, the demand for event planners, personnel service providers, furniture and equipment rental services, and other elements of corporate events is being fueled by the booming business activities. Additionally, the use of top-notch technology that can manage the entire event spurs industry expansion. Additionally, multi-dimensional events frequently serve as a major catalyst for the expansion of the European events market.
Europe Event Management Industry Segmentation
Event Management is a platform that coordinates all tasks and activities for events as small as a marathon to as large as the Olympics. These tasks include sales and marketing, logistics, accounting, and travel management. A complete background analysis of the Europe Event Management Market, including an assessment of the national accounts, economy, and emerging market trends by segments, significant changes in the market dynamics, and the market overview, is covered in the report. The Europe event management industry is segmented by Type (Corporate Events, Association Events, Non-Profit Events), by Application (Individual User, Corporate Organization, Public Organization, Others), by Geography (Germany, United Kingdom, Spain, Italy, France, Rest of Europe). The report offers market size and forecasts for Europe Event Management Industry in value (USD Million) for all the above segments.
| By Type | |
| Corporate Events | |
| Association Events | |
| Non-Profit Events |
| By Application | |
| Individual User | |
| Corporate Organization | |
| Public Organization | |
| Others |
| By Country | |
| Germany | |
| United Kingdom | |
| Italy | |
| Spain | |
| France | |
| Rest of Europe |
Europe Event Management Industry Size Summary
The European event management industry is poised for significant growth, driven by the resurgence of business activities and the expansion of tourism and hospitality sectors. Despite the setbacks caused by the COVID-19 pandemic, which led to the postponement of numerous events and a decline in foreign visitor arrivals, the market is recovering robustly. Key factors propelling this growth include the rise in business travel, urbanization, and increased disposable income, which collectively enhance the demand for corporate events such as conferences, seminars, and brand promotions. The integration of advanced technology in event management further fuels this expansion, enabling the seamless execution of multi-dimensional events that cater to diverse audience needs.
The market landscape in Europe is characterized by a high degree of fragmentation, with numerous global and regional players competing for market share. Companies like Forum Europe, Smartworks Events, and Absolute Event Services are actively engaging in strategic initiatives such as mergers, acquisitions, and partnerships to expand their reach and enhance profitability. The focus on corporate events, particularly by small and medium-sized enterprises, underscores the sector's dominance within the industry. As these players continue to leverage collaborative strategies to broaden their customer base, the European event management market is expected to experience sustained growth and increased competitive rivalry.
Europe Event Management Industry Market Size - Table of Contents
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1. MARKET INSIGHTS AND DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain Analysis
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1.5 Porter's Five Forces Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitutes
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1.5.5 Intensity of Competitive Rivalry
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1.6 Insights into Technological Advancements in the Industry
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1.7 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Corporate Events
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2.1.2 Association Events
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2.1.3 Non-Profit Events
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2.2 By Application
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2.2.1 Individual User
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2.2.2 Corporate Organization
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2.2.3 Public Organization
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2.2.4 Others
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2.3 By Country
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2.3.1 Germany
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2.3.2 United Kingdom
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2.3.3 Italy
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2.3.4 Spain
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2.3.5 France
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2.3.6 Rest of Europe
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Europe Event Management Industry Market Size FAQs
What is the current Europe Event Management Market size?
The Europe Event Management Market is projected to register a CAGR of 11.60% during the forecast period (2024-2029)
Who are the key players in Europe Event Management Market?
Forum Europe, Smartworks Events, Absolute Event Services, DFA Productions and Eclipse Leisure are the major companies operating in the Europe Event Management Market.
