DUBLIN--(BUSINESS WIRE)--The "Asia Events Industry by Type, Revenue Source Organizer, and Age Group: Opportunity Analysis and Industry Forecast, 2019-2026" report has been added to ResearchAndMarkets.com's offering.
According to the report, the Asia events industry was valued at $273.8 billion in 2018, and is projected to reach $567.1 billion in 2026, registering a CAGR of 9.2%.
In 2018, based on type, the corporate events & seminars segment garnered the maximum share in the events industry, owing to rise in number of companies and frequent seminars & events conducted by them. In addition, such seminars and events involve interaction between speaker and audience, thus attracting more attendees, which propelled the growth of the segment.
However, the festivals, especially music festival, segment is anticipated to grow at the highest CAGR of 5% during the forecast period. This is attributed to increase in popularity of such events among the Asian population, especially the youth and middle-aged individuals, which boosts the growth of the events industry. Furthermore, such music concerts and events offer valuable opportunities for promoters and brands to align themselves with people attending concerts, which in turn drive the Asia events industry growth
Depending on revenue source, the sponsorship segment accounted for the highest revenue in 2018, owing to unlimited opportunities the organizers find to broaden their competitive advantage. Moreover, sponsoring an event increases reach among potential buyers and customers, which augments the growth of the events industry.
According to the current Asia events industry trends, the industry has been segmented by age group, the 21-40 years segment contributed the maximum revenue in 2018, owing to increase in interest toward entrepreneur & business seminars and conferences that offer proper guideline & direction to the youth for establishing start-ups along with arrangement of music concerts and festive gatherings.
Country wise, China was the highest revenue contributor in 2018, as this country has been successful in winning conferences of international associations with over half of the top cities selected as destinations for international association conferences. This is attributed to consistent increase in sports events and music festivals in China rise in popularity of the Olympic & commonwealth games and music concerts.
However, entering into this industry may require high initial costs and can be risky due to the presence of existing giants. Thus, industry fragmentation is anticipated to hinder the growth of the Asia events industry during the forecast period.
The major players profiled in the report are, ATPI Ltd., BCD Meeting & Events, CAPITA PLC, CVENT Inc., Entertaining Asia, Live Nation Entertainment, Inc., Questex LLC, Reed Exhibitions Ltd., Riviera Events, Stubhub, Inc., and Lixil Group Corporation.
Key Findings of the Study
- On the basis of type, the corporate events &V seminar segment dominated the market in 2018, and is expected to retain its dominance throughout the forecast period.
- Depending on revenue source, the sponsorship segment accounted for highest share in 2018, and is projected to grow at a CAGR of 10.1% from 2019 to 2026.
- By organizer, the corporate segment was the major shareholder in 2018, and is projected to register a CAGR of 10.7% from 2019 to 2026.
- As per age group, the 21-40 years segment led the market in 2018, and is expected to continue this trend in the coming future.
- Country wise, China accounted for about highest Asia events industry share in 2018, and is expected to grow at a CAGR of 7.5%.
Key Topics Covered
Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Research Methodology
1.3.1. Primary Research
1.3.2. Secondary Research
1.3.3. Analyst Tools and Models
Chapter 2: Executive Summary
2.1. Key Findings of the Study
2.2. CXO Perspective
Chapter 3: Market Overview
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.3. Porter's Five Forces Analysis
3.4. Top Player Positioning
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Increase in Sponsorship for Events
3.5.1.2. Rise in Interest Among Youth in Entrepreneur & Business Seminars
3.5.1.3. Rapid Development of the Travel & Tourism Industry
3.5.1.4. Upsurge in Disposable Income
3.5.1.5. Increase in Globalization of Businesses
3.5.2. Restraint
3.5.2.1. High Operational Cost Involved in Organizing Events
3.5.2.2. Entry Barriers Due to Presence of Existing Giant Players
3.5.2.3. Rise in Geopolitical and Social Uncertainties
3.5.3. Opportunity
3.5.3.1. Technological Advancements
3.5.3.2. Rise in Infrastructural Investment
Chapter 4: Asia Events Industry, by Type
4.1. Overview
4.2. Music Concert
4.3. Festivals
4.4. Sports
4.5. Exhibitions & Conferences
4.6. Corporate Events & Seminar
4.7. Others
Chapter 5: Asia Events Industry, by Revenue Source
5.1. Overview
5.2. Tickets
5.3. Sponsorship
5.4. Others
Chapter 6: Asia Events Industry, by Organizer
6.1. Overview
6.2. Corporate
6.3. Sports
6.4. Education
6.5. Entertainment
6.6. Others
Chapter 7: Asia Events Industry, by Age Group
7.1. Overview
7.2. Below 20 Years
Chapter 8: Asia Events Industry, by Country
8.1. Overview
8.2. India
8.3. China
8.4. Singapore
8.5. Malaysia
8.6. Japan
8.7. Philippines
8.8. Indonesia
8.9. South Korea
8.10. Rest of Asia
Chapter 9: Competition Landscape
9.1. Product Mapping
9.2. Competitive Dashboard
9.3. Competitive Heat Map
9.4. Key Developments
Chapter 10: Company Profiles
10.1. ATPI Ltd.
10.2. BCD Meeting & Events
10.3. Capita plc
10.4. Cvent Inc.
10.5. Entertaining Asia
10.6. Live Nation Entertainment, Inc.
10.7. Questex LLC
10.8. Reed Exhibitions Ltd.
10.9. Riviera Events
10.10. Stubhub, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/555ypx
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