Globex published the 2023 report for the global exhibition organizing market: assessment and forecast to 2025, which has become a trusted resource for exhibition organizers and investors in shaping their corporate and M&A strategies. Over the past 12 months, the exhibition organizing industry has experienced significant developments. These changes are crucial for the industry, as they have a profound impact on the its trajectory.
Key highlights
Globex Forecasts Global Exhibition Market Rebounding to 107% of 2019 Size by 2024.
1. Economic Stabilization: The impacts of the European energy crisis and escalating inflation have receded, providing a more stable economic backdrop for the exhibition sector.
2. China’s Policy Shift: China has lifted its zero-Covid policy ahead of schedule, opening opportunities for international exhibitions and trade shows within the country.
3. Recessionary Fears Abated: Recessionary fears have been assuaged in most major markets, bolstering confidence and investment in exhibitions.
4. Positive Industry Outlook: Coupled with the strong performance of face-to-face exhibitions, the dampening of these headwinds has resulted in a more positive outlook for the industry overall.
In addition to that, Stax released its annual Top 20 Ranking of Exhibition Organizers. The Stax Top 20 Ranking is a definitive assessment that evaluates the event industry’s leading players based solely on their exhibition-organizing revenues throughout 2022. The ranking, previously recognized as the AMR Top 20 Ranking, now bears the Stax name following the acquisition of AMR International in 2022.
