Market Trends of Europe Event Management Industry
This section covers the major market trends shaping the Europe Event Management Market according to our research experts:
Rise in Disposable Income Driving the Market
The average per capita purchasing power in Europe in 2021 is EUR 15,055 (16072.94 USD). However, disposable net income among the 42 countries surveyed varies significantly: Liechtenstein, Switzerland, and Luxembourg have the highest disposable net income. In total, Europeans have around 10.2 trillion euros available to spend in 2021. This means that per capita purchasing power has a nominal growth of 1.9 percent in 2021. This rise in disposable income is driving the Europe Event Management Industry.
Corporate Events Dominating the Market
Corporate events are experiencing steady growth in the event management industry of Europe. The small and medium-scale industries in this segment were mostly inclined toward corporate events. Most of the SMEs were concentrating on corporate events which is resulting in making corporate events the dominating sector in the Event management industry.
