Discount Events And Experiences Market By Service Type (Driving, Food and Drink, Spa and Beauty, Tour and Travel, Sports, Sightseeing, Theater and Events, Arts and Crafts, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global discount events and experiences market size was valued at $77,374.5 million in 2021, and is estimated to reach $202,563.2 million by 2031, registering a CAGR of 7.6% from 2022 to 2031.
The global discount events and experiences market has witnessed a significant growth in the past few years owing to the rise in consumer expenditure of travelling and tourism, growing indulgence in recreational and leisure activities, rise in standards of living, growing demand for experiential products and services, rise in employment, rise in disposable income of the consumers, and rise in population of millennials across the globe. The demand for leisure, entertainment, adventure, and recreational activities is significantly higher in the developed regions like Europe and North America. The strong economic growth coupled with rise in employment levels and improving standards of living is a major driver behind the surge in demand for the discount events and experiences across the globe.
Improvement in economic condition and upsurge in disposable income are significant factors that propel the growth of the discount events and experiences market. After the 2009 economic crisis in Europe and China, the global economy has witnessed a standstill. However, strong recovery from the crisis resulted in strong economic growth, especially in developing economies, and has led to increase in disposable income among the middle-income groups, consequently adding to the middle-class population. In addition, disposable income of individuals in North America and Asia-Pacific has witnessed a significant increase, thus acting as a major driver for the discount events and experiences market. There has been a shift in consumer preferences and trends as medium- and high-income consumers in urban areas are shifting from essential products & services towards entertainment and better experience services, which is expected to have a significant and positive impact on the growth of the global discount events and experiences market.
According to the discount events and experiences market analysis, the market is segmented on the basis of service type and region. On the basis of service type, the market is segmented into driving, food and drink, spa and beauty, tour and travel, sports, sightseeing, theater and events, arts and crafts, and others. Region-wise, the discount events and experiences market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia, Netherlands, Sweden, Belgium, Denmark, Finland, Poland, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, Singapore, Thailand, Malaysia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Saudi Arabia, South Africa, UAE, and rest of LAMEA).
Groupon, Inc., Eventbrite, Zoutons, GrabOn, Virgin Experience Days, Activity Superstore, Buyagift, Red Letter Days, GFM ClearComms, Anschutz Entertainment Group, CL Events, Clarion Events Ltd., DRPG Group, and Entertaining Asia are some of the leading players in the global discount events and experiences market.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the discount events and experiences market analysis from 2021 to 2031 to identify the prevailing discount events and experiences market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the discount events and experiences market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global discount events and experiences market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Service Type
Driving
Food and Drink
Spa and Beauty
Tour and Travel
Sports
Sightseeing
Theater and Events
Arts and Crafts
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Russia
Netherlands
Sweden
Belgium
Denmark
Finland
Poland
Rest of Europe
Asia-Pacific
China
Japan
Australia
India
Singapore
Thailand
Malaysia
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
Saudi Arabia
South Africa
UAE
Rest of LAMEA
Key Market Players
Groupon, Inc.
Eventbrite, Inc.
Zoutons
GrabOn
virgin experience days
activity superstore
buyagift
red letter days
gfm clearcomms
ENTERTAINING ASIA
CL Events
vagaro inc
Clarion Events Limited
DRPG Group
ANSCHUTZ ENTERTAINMENT GROUP
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