Events and Exhibition Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The global events and exhibition market is expected to reach USD 50.01 billion by 2027, registering a CAGR of 3.54% during the forecast period. Exhibitions are among the significant enablers of global trade and economic growth. Various nations in Europe and Asia use exhibitions as business platforms to propel their regions' economic development and investments.
Key HighlightsThe Events & Exhibition market is fragmented as there are various players, including many regional and global companies. Further mergers and acquisitions have increased the competition catering to an intense rivalry in the market. Key players are Fiera Milano SpA, Deutsche Messe AG, etc. Recent developments in the market are -
In October 2022, Messe Frankfurt signed the Net Zero Carbon Events Pledge with a view to driving forward sustainable development in the international event sector.
In May 2022, GL events announced its acquisition of 100% of the shares of Field & Lawn Ltd, a provider of temporary buildings throughout Britain. Field & Lawn has four business offerings, such as event marquees and structures, temporary industrial buildings, placemaking, and festive lighting solutions. This acquisition strengthens GL events' presence in United Kingdom while providing an opportunity to integrate and develop a new service offering.
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