AMR's Globex Forecasts the Global Exhibitions Market to Rebound to 97% of its 2019 Size by 2024

WHAT'S HAPPENING NOW:

SUBSCRIBE TO MAGAZINE

Exhibiting &
Event Topics

EXHIBITOR
Magazine

Find It
Marketplace

EXHIBITOR
LIVE

EXHIBITOR
Education Week

Venues
& Destinations

EXHIBITOR
News

trending

Sponsored Content
Swag is Out, Experiences are In: The New Era of Corporate Event Engagement

EXHIBITOR News
David DuBois Announces Retirement as President of Exhibitor Group After Distinguished Career

Company News
Maritz Acquires Convention Data Services from Freeman

EXHIBITOR News
Valerie Kliskey, CTSM, Earns Diamond-level Certified Trade Show Marketer Credentials

Shows & Events
Marketplace Events Acquires 31 Shows from Master Promotions in Largest Acquisition to Date

New Products
GruvCard Introduces Interactive Trade Show Booth Sign System

Sponsored Content
Ideas to Revolutionize Your Breakout Sessions

People
Javits Center CEO Alan Steel Announces Retirement

New Products
ExhibitDay Launches Tools for Exhibitors to Track Event Objectives and Measure Return on Objective

submit your news

email newsletter

International
AMR's Globex Forecasts the Global Exhibitions Market to Rebound to 97% of its 2019 Size by 2024

11/1/2022
As the world has continued to be gripped by the COVID pandemic, the recovery of the exhibitions market in 2021 and 2022 has been muted from a global perspective. However, the good news is that recovery is accelerating across most regions (excluding China) and is forecast to reach 97% of its 2019 size by 2024. These are the projections released today in Globex 2022 published by leading strategy consultancy, AMR International.

Now in its 14th year, Globex – the global exhibition organising market: assessment and forecast to 2024 – is a trusted resource relied upon by exhibition organisers and investors to help shape their strategic planning and performance improvement.

This time last year, AMR’s forecasts outlined a largely positive outlook for the global exhibitions market. Since then, a lot has happened: the Russian invasion of Ukraine has caused spiralling energy prices in Europe and supply chain issues, inflation has soared to double figures in many countries, and China has remained steadfast in pursuing its Zero-COVID policy. Collectively, these headwinds have slowed down the recovery process of some major exhibition markets, also inhibited by wider macroeconomic uncertainty.

Globex 2022 Co-Editor Athan Siah said, “We expect recovery to accelerate in 2022 as many large exhibition markets (i.e., Western Europe and the US) are free of COVID-induced restrictions. Given how the COVID crisis has affected countries differently, recovery rates will vary by market and depend on many factors, such as restrictions on international travel, vaccination progress and underlying macroeconomic growth.”

“For some countries such as the US and the UK, exhibition activity is back in full-swing and is being bolstered by highly domestic shows. On the other hand, countries such as Germany and Southeast Asia are rebuilding from a highly disrupted 2021.”

Globex

Globex highlights – recovery projections to 2024

Although each country will respond to the pandemic differently, Globex has identified markets that are expected to exhibit broadly similar recovery trajectories:

Among others, the UK, the US and France are expected to exceed their 2019 size by 2024, reaching 105-110% of their pre-COVID high. Amidst an inflationary environment, much of the growth will be price-driven
Emerging markets such as Brazil and Mexico are also forecast to experience strong recovery to c. 105% of their 2019 size, driven by a combination of volume recovery and inflation
China and Hong Kong are projected to reach c. 90% of their 2019 size by 2024. This will depend heavily on future COVID outbreaks and government response
AMR expects Russia to be the biggest laggard by far, recovering to only c. 70% of its pre-COVID size by 2024. This is due to fallout effects from the war in Ukraine and the resulting international sanctions

Athan Siah added, “Despite the lasting impact of the COVID pandemic, coupled with rising inflation and the looming threat of recession, exhibitions seem to be coming back relatively strongly. Post-COVID and market changes, many organisers are developing a different vision for some of their event brands. One where face-to-face events will remain at the core, but mindset shifts to a sense of community will likely play a role.”

Globex 2022 can be purchased online at https://amrinternational.com/product/globex-2022/.

*The 20 markets featured in Globex are: US, China, UK, Germany, France, Italy, Brazil, the Gulf Cooperation Council (GCC), Russia, Hong Kong, Turkey, Mexico, India, Indonesia, Singapore, Thailand, Malaysia, Vietnam, Macau and the Philippines.

About AMR International and Globex
AMR International is the world leader in strategy consulting across the Events Ecosystem & Technology. Each year AMR publishes Globex – the exhibition industry’s definitive dataset and forecast. It is the only resource of its kind that provides in-depth trends analysis; granular volume and price data; and forecasts on 20 mature and emerging countries around the globe. Event organisers and investors rely on Globex for the latest in global exhibitions industry research and data to help shape their growth strategies and performance improvement. www.amrinternational.com

Contact:
questions@exhibitormagazine.com