Product Code: A14462
The global outbound MICE market size was valued at $225.9 billion in 2021 and is estimated to reach $1,272.2 billion by 2031, registering a CAGR of 13.3% from 2022 to 2031. Business travel is on the rise globally, among the many other travel-related activities including leisure, social, religious, educational, medical, retail, and so forth. This is largely attributable to an increase in the number of visits made to attend or take part in meetings, conferences, seminars, workshops and others. These travelers are frequently referred to as MICE travelers. Meetings, incentives, conferences, and exhibits are referred to by the abbreviation MICE. Meetings industry is another name for the MICE sector of the tourist business.
For the market analysis, the outbound MICE market is segmented into event type and region. By event type, it is segregated into meeting, incentive, convention, and exhibition. On the basis of region, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, Spain, France, Italy, and Rest of Europe), Asia-Pacific (China, India, Singapore, Australia, Japan, Malaysia, South Korea, Hong Kong, and Rest of AsiaPacific), and LAMEA (Latin America, Middle East, and Africa).
Region wise, LAMEA has gained considerable share in outbound MICE market and is expected grow at highest CAGR. New MICE locations are emerging, and they might even become more prominent than before as the MICE market looks more and more for distinctive and unforgettable experiences. Outbound MICE tourism is becoming more and more important to nations in Latin America and Africa. A nation like Egypt has been developing its infrastructure and is experiencing an increase in MICE tourism. Thereby growth in infrastructural development, better airline connections, decreasing rate of terror attacks, and surge in foreign direct investment in emerging countries of Latin America and Africa are likely to supplement the growth for the outbound MICE market during the forecast period.
The major players operating in the market are: 360 Destination Group, Access Destination Services, ATPI LTD., BCD GROUP (BCD MEETINGS & EVENTS), BI Worldwide, Carlson Wagonlit Travel (CWT Meetings & Events), CIEVENTS, Conference Care Ltd., Creative Group, Inc., CSI DMC, IBTM, ITA Group, MARITZ, Meetings & Incentives Worldwide, Inc., ONE10, LLC, The Freeman Company, and The Interpublic Group of Companies, Inc.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the outbound mice market analysis from 2021 to 2031 to identify the prevailing outbound mice market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the outbound mice market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global outbound mice market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Event Type
- Meetings
- Incentives
- Conventions
- Exhibitions
By Region
- North America
- Europe
- Germany
- UK
- Spain
- France
- Italy
- Rest Of Europe
- Asia-Pacific
- China
- India
- Singapore
- Australia
- Japan
- Malaysia
- South Korea
- Hong Kong
- Rest Of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- 360 Destination Group
- Access Destination Services
- ATPI LTD.
- BCD GROUP (BCD MEETINGS & EVENTS)
- BI Worldwide
- Carlson Wagonlit Travel (CWT Meetings & Events)
- CIEVENTS
- Conference Care Ltd.
- Creative Group, Inc.
- CSI DMC
- IBTM
- ITA Group
- MARITZ
- Meetings & Incentives Worldwide, Inc.
- ONE10, LLC
- The Freeman Company
- The Interpublic Group of Companies, Inc.
TABLE OF CONTENTS
CHAPTER 1:INTRODUCTION
- 1.1.Report description
- 1.2.Key market segments
- 1.3.Key benefits to the stakeholders
- 1.4.Research Methodology
- 1.4.1.Secondary research
- 1.4.2.Primary research
- 1.4.3.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
- 3.5.2.Restraints
- 3.5.3.Opportunities
- 3.6.COVID-19 Impact Analysis on the market
CHAPTER 4: OUTBOUND MICE MARKET, 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, by region
- 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, by region
- 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, by region
- 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, by region
- 4.5.3 Market analysis by country
CHAPTER 5: OUTBOUND MICE MARKET, BY REGION
- 5.1 Overview
- 5.1.1 Market size and forecast
- 5.2 North America
- 5.2.1 Key trends and opportunities
- 5.2.2 North America Market size and forecast, by Event Type
- 5.2.3 North America Market size and forecast, by country
- 5.2.3.1 U.S.
- 5.2.3.1.1 Market size and forecast, by Event Type
- 5.2.3.2 Canada
- 5.2.3.2.1 Market size and forecast, by Event Type
- 5.2.3.3 Mexico
- 5.2.3.3.1 Market size and forecast, by Event Type
- 5.3 Europe
- 5.3.1 Key trends and opportunities
- 5.3.2 Europe Market size and forecast, by Event Type
- 5.3.3 Europe Market size and forecast, by country
- 5.3.3.1 Germany
- 5.3.3.1.1 Market size and forecast, by Event Type
- 5.3.3.2 UK
- 5.3.3.2.1 Market size and forecast, by Event Type
- 5.3.3.3 Spain
- 5.3.3.3.1 Market size and forecast, by Event Type
- 5.3.3.4 France
- 5.3.3.4.1 Market size and forecast, by Event Type
- 5.3.3.5 Italy
- 5.3.3.5.1 Market size and forecast, by Event Type
- 5.3.3.6 Rest of Europe
- 5.3.3.6.1 Market size and forecast, by Event Type
- 5.4 Asia-Pacific
- 5.4.1 Key trends and opportunities
- 5.4.2 Asia-Pacific Market size and forecast, by Event Type
- 5.4.3 Asia-Pacific Market size and forecast, by country
- 5.4.3.1 China
- 5.4.3.1.1 Market size and forecast, by Event Type
- 5.4.3.2 India
- 5.4.3.2.1 Market size and forecast, by Event Type
- 5.4.3.3 Singapore
- 5.4.3.3.1 Market size and forecast, by Event Type
- 5.4.3.4 Australia
- 5.4.3.4.1 Market size and forecast, by Event Type
- 5.4.3.5 Japan
- 5.4.3.5.1 Market size and forecast, by Event Type
- 5.4.3.6 Malaysia
- 5.4.3.6.1 Market size and forecast, by Event Type
- 5.4.3.7 South Korea
- 5.4.3.7.1 Market size and forecast, by Event Type
- 5.4.3.8 Hong Kong
- 5.4.3.8.1 Market size and forecast, by Event Type
- 5.4.3.9 Rest of Asia-Pacific
- 5.4.3.9.1 Market size and forecast, by Event Type
- 5.5 LAMEA
- 5.5.1 Key trends and opportunities
- 5.5.2 LAMEA Market size and forecast, by Event Type
- 5.5.3 LAMEA Market size and forecast, by country
- 5.5.3.1 Latin America
- 5.5.3.1.1 Market size and forecast, by Event Type
- 5.5.3.2 Middle East
- 5.5.3.2.1 Market size and forecast, by Event Type
- 5.5.3.3 Africa
- 5.5.3.3.1 Market size and forecast, by Event Type
CHAPTER 6: COMPANY LANDSCAPE
- 6.1. Introduction
- 6.2. Top winning strategies
- 6.3. Product Mapping of Top 10 Player
- 6.4. Competitive Dashboard
- 6.5. Competitive Heatmap
- 6.6. Key developments
CHAPTER 7: COMPANY PROFILES
- 7.1 360 Destination Group
- 7.1.1 Company overview
- 7.1.2 Company snapshot
- 7.1.3 Operating business segments
- 7.1.4 Product portfolio
- 7.1.5 Business performance
- 7.1.6 Key strategic moves and developments
- 7.2 Access Destination Services
- 7.2.1 Company overview
- 7.2.2 Company snapshot
- 7.2.3 Operating business segments
- 7.2.4 Product portfolio
- 7.2.5 Business performance
- 7.2.6 Key strategic moves and developments
- 7.3 ATPI LTD.
- 7.3.1 Company overview
- 7.3.2 Company snapshot
- 7.3.3 Operating business segments
- 7.3.4 Product portfolio
- 7.3.5 Business performance
- 7.3.6 Key strategic moves and developments
- 7.4 BCD GROUP (BCD MEETINGS & EVENTS)
- 7.4.1 Company overview
- 7.4.2 Company snapshot
- 7.4.3 Operating business segments
- 7.4.4 Product portfolio
- 7.4.5 Business performance
- 7.4.6 Key strategic moves and developments
- 7.5 BI Worldwide
- 7.5.1 Company overview
- 7.5.2 Company snapshot
- 7.5.3 Operating business segments
- 7.5.4 Product portfolio
- 7.5.5 Business performance
- 7.5.6 Key strategic moves and developments
- 7.6 Carlson Wagonlit Travel (CWT Meetings & Events)
- 7.6.1 Company overview
- 7.6.2 Company snapshot
- 7.6.3 Operating business segments
- 7.6.4 Product portfolio
- 7.6.5 Business performance
- 7.6.6 Key strategic moves and developments
- 7.7 CIEVENTS
- 7.7.1 Company overview
- 7.7.2 Company snapshot
- 7.7.3 Operating business segments
- 7.7.4 Product portfolio
- 7.7.5 Business performance
- 7.7.6 Key strategic moves and developments
- 7.8 Conference Care Ltd.
- 7.8.1 Company overview
- 7.8.2 Company snapshot
- 7.8.3 Operating business segments
- 7.8.4 Product portfolio
- 7.8.5 Business performance
- 7.8.6 Key strategic moves and developments
- 7.9 Creative Group, Inc.
- 7.9.1 Company overview
- 7.9.2 Company snapshot
- 7.9.3 Operating business segments
- 7.9.4 Product portfolio
- 7.9.5 Business performance
- 7.9.6 Key strategic moves and developments
- 7.10 CSI DMC
- 7.10.1 Company overview
- 7.10.2 Company snapshot
- 7.10.3 Operating business segments
- 7.10.4 Product portfolio
- 7.10.5 Business performance
- 7.10.6 Key strategic moves and developments
- 7.11 IBTM
- 7.11.1 Company overview
- 7.11.2 Company snapshot
- 7.11.3 Operating business segments
- 7.11.4 Product portfolio
- 7.11.5 Business performance
- 7.11.6 Key strategic moves and developments
- 7.12 ITA Group
- 7.12.1 Company overview
- 7.12.2 Company snapshot
- 7.12.3 Operating business segments
- 7.12.4 Product portfolio
- 7.12.5 Business performance
- 7.12.6 Key strategic moves and developments
- 7.13 MARITZ
- 7.13.1 Company overview
- 7.13.2 Company snapshot
- 7.13.3 Operating business segments
- 7.13.4 Product portfolio
- 7.13.5 Business performance
- 7.13.6 Key strategic moves and developments
- 7.14 Meetings & Incentives Worldwide, Inc.
- 7.14.1 Company overview
- 7.14.2 Company snapshot
- 7.14.3 Operating business segments
- 7.14.4 Product portfolio
- 7.14.5 Business performance
- 7.14.6 Key strategic moves and developments
- 7.15 ONE10, LLC
- 7.15.1 Company overview
- 7.15.2 Company snapshot
- 7.15.3 Operating business segments
- 7.15.4 Product portfolio
- 7.15.5 Business performance
- 7.15.6 Key strategic moves and developments
- 7.16 The Freeman Company
- 7.16.1 Company overview
- 7.16.2 Company snapshot
- 7.16.3 Operating business segments
- 7.16.4 Product portfolio
- 7.16.5 Business performance
- 7.16.6 Key strategic moves and developments
- 7.17 The Interpublic Group of Companies, Inc.
- 7.17.1 Company overview
- 7.17.2 Company snapshot
- 7.17.3 Operating business segments
- 7.17.4 Product portfolio
- 7.17.5 Business performance
- 7.17.6 Key strategic moves and developments