MICE (Meetings, Incentives, Conferencing, Exhibitions) Market is valued at USD 882.84 Billion in 2018 and expected to reach USD 1546.69 Billion by 2025 with the CAGR of 12.46% over the forecast period. Increasing development of diverse tourism offerings along with the government organizations’ support is likely to boost the market growth.
The MICE (Meetings, Incentives, Conferencing, Exhibitions) Market delivers a succinct analysis on industry size, regional growth and revenue forecasts for the upcoming years. The report further sheds light on significant challenges and latest growth strategies adopted by manufacturers who are a part of the competitive spectrum of this business domain.
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The MICE (Meetings, Incentives, Conferencing, Exhibitions) market refers to a specialized group of tourism committed to planning, booking, and facilitating conferences, seminars, and other events. Meetings, incentives, conferences and exhibitions (MICE) is a type of tourism in which large groups from the business come together. MICE industry include the number of factors, where agents working in this field to provide a full range of travel and conference services for business groups and events of longer duration. The hospitality sector is accounted for about 40 to 60 % of their revenue generated in the MICE industry. Many countries throughout the world have realised the significance of the tourism industry that can positively influence the growth of their organizations by promoting business travel through the adoption of MICE.
UK MICE (Meetings, Incentives, Conferencing, Exhibitions) market report is segmented on basis of type, application and region & country level. Based upon type, UK MICE market is classified into meetings, incentives and exhibitions. Based upon application, market is classified into academic field, business field, political field, exhibitions and others.
The regions covered in this UK MICE Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of UK MICE market is sub divided into U.S., Mexico, Canada, UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.
Key Players for UK MICE Market Report–
Some major key players for UK MICE market are Capita Travel and Events, CWT Meetings & Events, IBTM Events, Interpublic Group of Companies (IPG), ATPI, BCD Meetings and Events, Cievents, Freeman, Grass Roots Meetings and Events, Questex and others.
Scope Of The Report:
Increasing Number of Corporate Meetings and Events from the Business Sectors is Expected to Drive the Market Growth.
The demand for MICE is on the rise from the past few years, as business travel seems to be continually increasing along with the increase in number and size of corporate meetings and events. This has created the huge opportunity to expand the tourism services for the corporate world which is beneficial to the event planners, hotels and event spaces. Additionally, corporate travelers are choosing the MICE tours to promote their businesses which is a good combination of business activity and sightseeing relaxation. The MICE industry has been gaining importance over past few years, since meeting planners and travel agents are organizing the corporate incentive travel programs to reward the employees for reaching specific targets.
Mice industry has shown tremendous growth by about 15% to 20% during the last 5 years along with the created employment and foreign exchange for the country. Furthermore, the rapid innovation in advanced technologies including augmented reality, artificial intelligence, social media platforms and ad hoc apps have also gained a huge interest across the meeting and events industry which is also supplementing the market growth. However, one of the most challenging things in this sector is to maintain the service standards in accordance with intense competition in the tourism industry.
Europe is Expected to Dominate the UK MICE Market.
Europe is expected to account for the largest share of UK MICE market over the forecast period. The demand for meetings and events has shown a significant growth, while many businesses from the European region being more attracted towards the MICE tourism industry by highly spending on it and with rising trends of social networking platform. For example; the spending of European companies increase by 1.8% followed by central and South America. Germany, the United Kingdom, France, Spain and Italy are among the most preferred tourism places, together they have spent USD 208.18 billion in 2016 which is increase by 6.3% from the year 2015. National tourism organizations from the Asian countries are taking initiatives to organize this form of tourism which has lifted the MICE industry to the next level in this region.
Key Benefits for UK MICE Market Report–
UK market report covers in depth historical and forecast analysis.
UK market research report provides detail information about Market Introduction, Market Summary, UK market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
UK market report helps to identify opportunities in market place.
UK market report covers extensive analysis of emerging trends and competitive landscape.
UK MICE Market Segmentation:–
- Academic Field
- Business Field
- Political Field
- North America
o Rest of Europe
o South Korea
o Rest of Asia-Pacific
o Latin America
o Middle East
This comprehensive report will provide:
- Enhance your strategic decision making
- Assist with your research, presentations and business plans
- Show which emerging market opportunities to focus on
- Increase your industry knowledge
- Keep you up-to-date with crucial market developments
- Allow you to develop informed growth strategies
- Build your technical insight
- Illustrate trends to exploit
- Strengthen your analysis of competitors
- Provide risk analysis, helping you avoid the pitfalls other companies could make
- Ultimately, help you to maximize profitability for your company.
Our Market Research Solution Provides You Answer to Below Mentioned Question:
- Which are the driving factors responsible for the growth of market?
- Which are the roadblock factors of this market?
- What are the new opportunities, by which market will grow in coming years?
- What are the trends of this market?
- Which are main factors responsible for new product launch?
- How big is the UK & regional market in terms of revenue, sales and production?
- How far will the market grow in forecast period in terms of revenue, sales and production?
- Which region is dominating the UK market and what are the market shares of each region in the overall market in 2017?
- How will each segment grow over the forecast period and how much revenue will these segment account for in 2025?
- Which region has more opportunities?
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Table of Content
1. Chapter – Report Methodology
1.1. Research Process
1.2. Primary Research
1.3. Secondary Research
1.4. Market Size Estimates
1.5. Data Triangulation
1.6. Forecast Model
1.7. USP’s of Report
1.8. Report Description
2. Chapter – Global MICE Market Overview: Qualitative Analysis
2.1. Market Introduction
2.2. Executive Summary
2.3. Global MICE Market Classification
2.4. Market Drivers
2.5. Market Restraints
2.6. Market Opportunity
2.7. MICE Market: Trends
2.8. Porter’s Five Forces Analysis
2.8.1. Bargaining Power of Suppliers
2.8.2. Bargaining Power of Consumers
2.8.3. Threat of New Entrants
2.8.4. Threat of Substitute Product and Services
2.8.5. Competitive Rivalry within the Industry
2.9. Market Attractiveness Analysis
2.9.1. Market Attractiveness Analysis by Segmentation
2.9.2. Market Attractiveness Analysis by Region
3. Chapter – Global MICE Market Overview: Quantitative Analysis
3.1. Global MICE Market Revenue (USD Million), Market Share (%) and Growth Rate (%), 2014- 2025
3.2. Global MICE Market Revenue Market Share (%), 2014- 2025
3.3. Global MICE Market Sales (Number of Units), Market Share (%) and Growth Rate (%), 2014- 2025
3.4. Global MICE Market Sales Market Share (%), 2014- 2025
4. Chapter – Global MICE Market Analysis: By Mat Type
5. Chapter – Global MICE Market Analysis: By Applications Type
6. Chapter – Global MICE Market Analysis: By End-Use Industry
7. Chapter – Global MICE Market Analysis: By Manufacturer
7.1. Global MICE Market Revenue (USD Million), by Manufacturer, 2014 – 2025
7.2. Global MICE Market Share (%), by Manufacturer, 2018
7.3. Global MICE Market Sales (Number of Units), by Manufacturer, 2014 – 2025
7.4. Global MICE Market Share (%), by Manufacturer, 2018
7.5. Global MICE Market Price (USD/Unit), by Manufacturer, 2014 – 2025
7.6. Global MICE Market Revenue Growth Rate (%), by Manufacturer, 2014 – 2025
7.7. Merger & Acquisition
7.8. Collaborations and Partnership
7.9. New Product Launch
8. Chapter –MICE Market: Regional Analysis
8.1. North America
8.1.1. North America MICE Market Revenue (USD Million) and Growth Rate (%), 2014 – 2025.
8.1.2. North America MICE Market Revenue (USD Million) By Country, 2014 – 2025.
8.1.3. North America MICE Revenue Market Share (%) By Country, 2014 – 2025.
8.1.4. North America MICE Market Revenue (USD Million) and Growth Rate, By Market Segmentation, 2014 – 2025.
8.1.5. North America MICE Market Revenue (USD Million), Market Share (%) and Growth Rate, By Market Segmentation, 2014 – 2025.
8.1.6. North America MICE Market Sales (Number of Units) and Growth Rate (%), 2014 – 2025.
8.1.7. North America MICE Market Sales (Number of Units) By Country, 2014 – 2025.
8.1.8. North America MICE Sales Market Share (%) By Country, 2014 – 2025.
8.1.9. North America MICE Market Sales (Number of Units) and Growth Rate, By Market Segmentation, 2014 – 2025.
8.1.10. North America MICE Market Sales (Number of Units), Market Share (%) and Growth Rate, By Market Segmentation, 2014 – 2025.
8.3. Asia Pacific
8.4. Latin America
8.5. Middle East & Africa
9. Chapter – Company Profiles
9.1.3. Product portfolio
9.1.4. MICE Market Revenue (USD Million) and Market Share (%), 2014 – 2018
9.1.5. MICE Sales Market Share (%), 2014 – 2018
9.1.6. Business strategy
9.1.7. Recent developments
9.4. CWT Meetings & Events
9.5. IBTM Events
9.6. BCD Meetings and Events
9.7. Capital Travel and Events
9.9. Conference Care Ltd.
9.10. The Freeman Company
9.11. ATPI Ltd.
9.12. and Interpublic Group of Companies, Inc.
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