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2024 U.S. Industry Statistics & Market Forecast - Convention and Trade Show Organizers
Market Size & Industry Statistics
The total U.S. industry market size for Convention and Trade Show Organizers:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|
| Market Forecast ($ millions) | ||||||
| Projected Industry Growth Rate (%) | ||||||
Industry Insights
The Convention & Trade Show Organizers industry is currently facing several trends that are significantly impacting its outlook and future. Firstly, the rise of technology has led to an increased reliance on digital platforms for conducting trade shows and conventions. Virtual events and online exhibitions have become increasingly popular over the years as they offer greater flexibility, reduced costs, and expanded reach.Secondly, sustainability practices and environmental awareness are becoming mainstream in the industry. Customers and attendees are now more environmentally conscious, so organizers are increasingly adopting eco-friendly initiatives such as reducing waste, using reusable materials, and recycling.
Thirdly, experiential events are becoming more prevalent in the industry. Interactive and immersive events that offer unique experiences are increasingly being sought after. Convention and trade show planners are expected to invest heavily in developing memorable and extraordinary customer experiences that will differentiate them from their competitors.
Finally, the growth in emerging markets is transforming the industry as there has been significant investment in developing new venues with modern amenities and improved infrastructure. This has consequently led to the increasing popularity of international trade shows and conventions, which have higher attendance rates than local events.
Overall, these trends are transforming the Convention & Trade Show Organizers industry, driving innovation and competition, and setting the stage for continued growth and prosperity.
Product & Services Breakdown
Research products and services in the Convention and Trade Show Organizers industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
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Industry Total |
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Convention And Trade Show Organization Services |
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Public Relations Services |
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Event Management Services (Public Relations) |
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All Other Receipts |
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All Other Operating Receipts |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) | |
|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Convention and Trade Show Organizers company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Convention and Trade Show Organizers industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Convention and Trade Show Organizers measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 7% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 4% | |||
| Business and Financial Operations Occupations | 7% | |||
| Business Operations Specialists | 6% | |||
| Protective Service Occupations | 19% | |||
| Firefighting and Prevention Workers | 6% | |||
| Firefighters | 6% | |||
| Firefighters | 6% | |||
| Other Protective Service Workers | 12% | |||
| Miscellaneous Protective Service Workers | 11% | |||
| Crossing Guards and Flaggers | 11% | |||
| Sales and Related Occupations | 6% | |||
| Office and Administrative Support Occupations | 17% | |||
| Information and Record Clerks | 5% | |||
| Production Occupations | 10% | |||
| Other Production Occupations | 6% | |||
| Transportation and Material Moving Occupations | 17% | |||
| Material Moving Workers | 12% | |||
| Laborers and Material Movers | 11% | |||
| Laborers and Freight, Stock, and Material Movers, Hand | 6% | |||
Convention and Trade Show Organizers Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Convention and Trade Show Organizers industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Convention and Trade Show Organizers industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Convention and Trade Show Organizers industry. |
Source:
Innovation News
- Jan 12, 2024: Molecular Media trademarks "MOLECULAR MEDIA" - Video production services; Entertainment services in the nature of production of live events for parties and special events for social entertainment purposes; Film and video production consulting services; Media production services
- Jan 05, 2024: Cincy trademarks "EMERGENT DEFENSE MAGAZINE" - Providing a website featuring nondownloadable magazines, videos and podcasts in the field of the defense industry; providing online newsletters delivered by email in the field of the defense industry; custom publishing of magazines for others in the field of the defense industry; writing of articles for periodicals in the field of the defense industry
- Dec 05, 2023: HLTH trademarks "HLTH" - Organizing business expositions in the field of healthcare; conducting business conferences and business conventions in the field of healthcare
- Dec 17, 2020: Fevo patents Systems And Methods Of Group Electronic Commerce And Distribution Of Items
- Apr 27, 2017: T3 Expo patents Freestanding Display
Recent Federal Contracts for Convention and Trade Show Organizers- Apr 02, 2024: NAFSA: ASSOCIATION OF INTERNATIONAL EDUCATORS (Washington, DC) awarded $45,685
- Apr 02, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $19,168
- Apr 02, 2024: PROFESSIONAL AND SCIENTIFIC ASSOCIATES, INC. (Herndon, VA) awarded $52,884
- Apr 02, 2024: LEONARD RESOURCE GROUP, INC., THE (Washington, DC) awarded $153,323
- Apr 01, 2024: UPSLOPE ADVISORS INC. (Denver, CO) awarded $1,672,249
- Apr 01, 2024: EDJ ASSOCIATES, INC. (Herndon, VA) awarded $242,028
- Apr 02, 2024: NAFSA: ASSOCIATION OF INTERNATIONAL EDUCATORS (Washington, DC) awarded $45,685
- Apr 02, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $19,168
- Apr 02, 2024: PROFESSIONAL AND SCIENTIFIC ASSOCIATES, INC. (Herndon, VA) awarded $52,884
- Apr 02, 2024: LEONARD RESOURCE GROUP, INC., THE (Washington, DC) awarded $153,323
- Apr 01, 2024: UPSLOPE ADVISORS INC. (Denver, CO) awarded $1,672,249
- Apr 01, 2024: EDJ ASSOCIATES, INC. (Herndon, VA) awarded $242,028
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