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 |
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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.
