A Comprehensive research study conducted by KD Market
Research on Asia-Pacific
MICE industry Opportunity Analysis and Industry forecast. report offers
extensive and highly detailed historical, current and future market trends in Asia-Pacific
MICE industry. Asia-Pacific
MICE industry report includes market size, growth drivers,
barriers, opportunities, trends and other information which helps to find new
opportunities in this market for the growth of the business through new
technologies and developments.
Meetings, Incentives, Conventions and Exhibitions or MICE
represents a sector of tourism that includes business events and activities. In
general, MICE are events and activities that involve attendees who share a
common interest and gather at a place. Travelers attending MICE activities are
business travelers who are connected to different sectors of the tourism and
hospitality industry through their MICE activities. The MICE service providers
consist of a group of organizers and suppliers that provide wide range of
services related to business events and activities such as kiosks/exhibit
space, on-site event logistics and staffing, event marketing and sponsorship
management, event photography and AV/technical production, displays,
directional signage, banners, supplier management, virtual meetings, and risk
management services.
The Asia-Pacific MICE industry generated revenue of $229.0
billion in 2017, and is expected to grow at a CAGR of 8.6% to reach $441.1
billion by 2025. The growth of the Asia-Pacific MICE industry is driven by the
massive increase in business activities such as client meetings, brand
promotions, employee training activities & others, due to rapid rise in the
tourism and hospitability sectors and surge in presence of corporate
industries. Other significant factors that promote the growth of the market are
rise in business travel coupled with change in lifestyle of business travelers
to seek leisure trips, rapid urbanization, and increase in disposable incomes.
Moreover, surge in government initiatives to promote SMEs and liberalization of
market entry to increase FDIs are anticipated to further boost the growth of
the industry. However, high cost associated with MICE events and uncertain
geopolitical conditions hamper the market growth.
Factors such as investments in infrastructural development
and technological advancements are expected to provide lucrative opportunities
for the growth of the market. The Asia-Pacific MICE industry is segmented on
the basis of event type and country.
Based on event type, the market is classified into meetings,
incentives, conventions, and exhibitions. The meeting segment is estimated to
account for the major share in the Asia-Pacific MICE industry. This segment is
expected to exhibit the highest CAGR during the forecast period due to the
growth of the travel & tourism industry, surge in international business
travels, and rise in government initiatives for the development of the MICE
segment & small and medium enterprises (SME).
By country, it is analyzed across China, India, Singapore,
Thailand, Indonesia, Australia, New Zealand, Japan, Malaysia, South Korea,
Vietnam, Hong Kong, and rest of Asia-Pacific. China accounted for a significant
market share in 2017 and is expected to retain its dominance throughout the
forecast period. Singapore is expected to exhibit the highest CAGR during the
forecast period. China and Japan collectively accounted for half the share in
the Asia-Pacific MICE industry.
The key players operating in the Asia-Pacific MICE industry
include Questex, LLC, CWT Meetings & Events, IBTM Events, BCD Meetings and
Events, Capital Travel and Events, CiEvents, Conference Care Ltd., The Freeman
Company, ATPI Ltd., and Interpublic Group of Companies, Inc.
Key Benefits for MICE Industry Market:
·
This report provides a quantitative analysis of
the current trends, estimations, and dynamics of the Asia-Pacific MICE industry
from 2018 to 2025 to identify the prevailing market opportunities.
·
The key Countries in all the major regions are
mapped based on their market share.
·
Porter’s five forces analysis highlights the
potency of buyers and suppliers to enable stakeholders to make profit-oriented
business decisions and strengthen their supplier?buyer network.
·
In-depth analysis of the market segmentation
assists in determining the prevailing market opportunities.
·
Major countries in the Asia-Pacific MICE
industry are mapped according to their revenue contribution to the industry.
Market player positioning segment facilitates benchmarking and provides a clear
understanding of the present
position of the market players.
·
The report includes the analyses of the key
players, market segments, application areas, and growth strategies.
MICE Industry Key Market Segments:
By Event Type – Meetings, Incentives, Conventions,
Exhibitions
Country – China, India, Singapore, Thailand, Indonesia, Australia, New Zealand, Japan, Malaysia, South Korea, Vietnam, Hong
Kong, Rest of Asia-Pacific
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CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.2. Key market benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst Tools And Models
1.4.2. Primary Research
1.4.3. Analyst Tools And Models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Snapshot
2.2. CXO perspective
2.2. CXO perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2. Key findings
3.2.1. Top investment pocket
3.2.2. Top winning strategies
3.2.2. Top winning strategies
3.3. Porter's five forces analysis
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyer
3.3.3. Thereat of new entrants
3.3.4. Threat of substitute
3.3.5. Intensity of competitive rivalry
3.3.2. Bargaining power of buyer
3.3.3. Thereat of new entrants
3.3.4. Threat of substitute
3.3.5. Intensity of competitive rivalry
3.4. Top player positioning
3.5. Market dynamics
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Rapid growth in travel & tourism industry
3.5.1.2. Increase in globalization of businesses
3.5.1.3. Rapid Increase in SMEs
3.5.1.4. Rise in Disposable Income
3.5.1.2. Increase in globalization of businesses
3.5.1.3. Rapid Increase in SMEs
3.5.1.4. Rise in Disposable Income
3.5.2. Restraints
3.5.2.1. High Operational Cost Associated with MICE Events
3.5.2.2. Growth in Geopolitical and Social Uncertainties
3.5.2.2. Growth in Geopolitical and Social Uncertainties
3.5.3. Opportunities
3.5.3.1. Technological Advancements
3.5.3.2. Infrastructural Investment
3.5.3.2. Infrastructural Investment
CHAPTER 4: ASIA-PACIFIC MICE INDUSTRY, BY EVENT TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Meetings
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast
4.2.3. Market analysis by country
4.2.2. Market size and forecast
4.2.3. Market analysis by country
4.3. Incentives
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast
4.3.3. Market analysis by country
4.3.2. Market size and forecast
4.3.3. Market analysis by country
4.4. Conventions
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast
4.4.3. Market analysis by country
4.4.2. Market size and forecast
4.4.3. Market analysis by country
4.5. Exhibitions
4.5.1. Key market trends, growth factors, and opportunities
4.5.2. Market size and forecast
4.5.3. Market analysis by country
4.5.2. Market size and forecast
4.5.3. Market analysis by country
CHAPTER 5: ASIA-PACIFIC MICE INDUSTRY, BY COUNTRY
5.1. Overview
5.1.1. Market size and forecast
5.2. China
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast
5.2.2. Market size and forecast
5.3. India
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast
5.3.2. Market size and forecast
5.4. Singapore
5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast
5.4.2. Market size and forecast
5.5. Thailand
5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast
5.5.2. Market size and forecast
5.6. Indonesia
5.6.1. Key market trends, growth factors, and opportunities
5.6.2. Market size and forecast
5.6.2. Market size and forecast
5.7. Australia
5.7.1. Key market trends, growth factors, and opportunities
5.7.2. Market size and forecast
5.7.2. Market size and forecast
5.8. New Zealand
5.8.1. Key market trends, growth factors, and opportunities
5.8.2. Market size and forecast
5.8.2. Market size and forecast
5.9. Japan
5.9.1. Key market trends, growth factors, and opportunities
5.9.2. Market size and forecast
5.9.2. Market size and forecast
5.10. Malaysia
5.10.1. Key market trends, growth factors, and opportunities
5.10.2. Market size and forecast
5.10.2. Market size and forecast
5.11. South Korea
5.11.1. Key market trends, growth factors, and opportunities
5.11.2. Market size and forecast
5.11.2. Market size and forecast
5.12. Vietnam
5.12.1. Key market trends, growth factors, and opportunities
5.12.2. Market size and forecast
5.12.2. Market size and forecast
5.13. Hong Kong
5.13.1. Key market trends, growth factors, and opportunities
5.13.2. Market size and forecast
5.13.2. Market size and forecast
5.14. Taiwan
5.14.1. Key market trends, growth factors, and opportunities
5.14.2. Market size and forecast
5.14.2. Market size and forecast
5.15. Rest of Asia-Pacific
5.15.1. Key market trends, growth factors, and opportunities
5.15.2. Market size and forecast
CHAPTER 6:COMPANY PROFILES
6.1. QUESTEX LLC
6.1.1.Company overview
6.1.2.Business performance
6.1.3.Key strategic moves and developments
6.1.2.Business performance
6.1.3.Key strategic moves and developments
6.2. CWT MEETINGS & EVENTS
6.2.1.Company overview
6.2.2.Business performance
6.2.3.Key strategic moves and developments
6.2.2.Business performance
6.2.3.Key strategic moves and developments
7.3. IBTM EVENTS
7.3.1.Company overview
7.3.2.Business performance
7.3.3.Key strategic moves and developments
7.3.2.Business performance
7.3.3.Key strategic moves and developments
6.4. BCD MEETINGS AND EVENTS
6.4.1.Company overview
6.4.2.Business performance
6.4.3.Key strategic moves and developments
6.4.2.Business performance
6.4.3.Key strategic moves and developments
6.5. CIEVENTS
6.5.1.Company overview
6.5.2.Business performance
6.5.3.Key strategic moves and developments
6.5.2.Business performance
6.5.3.Key strategic moves and developments
6.6. ATPI LTD.
6.6.1.Company overview
6.6.2.Business performance
6.6.3.Key strategic moves and developments
6.6.2.Business performance
6.6.3.Key strategic moves and developments
6.7. CONFERENCE CARE LTD.
6.7.1.Company overview
6.7.2.Business performance
6.7.3.Key strategic moves and developments
6.7.2.Business performance
6.7.3.Key strategic moves and developments
6.8. THE FREEMAN COMPANY
6.8.1.Company overview
6.8.2.Business performance
6.8.3.Key strategic moves and developments
6.8.2.Business performance
6.8.3.Key strategic moves and developments
6.9. INTERPUBLIC GROUP OF COMPANIES, INC.
6.9.1.Company overview
6.9.2.Business performance
6.9.3.Key strategic moves and developments
6.9.2.Business performance
6.9.3.Key strategic moves and developments
6.10. CONFERENCE CARE LTD.
6.10.1.Company overview
6.10.2.Business performance
6.10.3.Key strategic moves and developments
6.10.2.Business performance
6.10.3.Key strategic moves and developments
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