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Event Promotion and Management Services in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Event Promotion and Management Services Market Research Report | ANZSIC N7299 | Nov 2013

Show must go on: Revenue growth returns as consumer and business confidence rise

IBISWorld’s Event Promotion and Management Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 09-14
-0.5%
Annual Growth 14-19
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Profit
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Employment
26,271
Businesses
5,823
Industry Analysis & Industry Trends

The Event Promotion and Management Services industry is forecast to be worth $3.8 billion in 2013-14, up 1.1% for the year. This is in contrast to an expected annualised revenue decline of 0.5% over the past five years. The industry has fallen prey to the weak economic conditions that have afflicted the Australian economy in the aftermath of the global financial crisis. Spending on events is discretionary in nature, as hosting events and purchasing tickets are never essential. A combination of low business confidence, slow growth in household discretionary income and a steadily rising household savings ratio led to a gradual revenue decline for event managers, event promoters and ticketing agencies... purchase to read more

Industry Report - Industry Locations Chapter

The distribution of businesses within the Event Promotion and Management Services industry is similar to Australia's population distribution. The major exceptions to this rule occur in New South Wales and Western Australia. New South Wales is highly overrepresented, accounting for 38.7% of Australia's event promotion and management services businesses while only comprising 32.0% of the population. The opposite occurs in Western Australia. The state's growing population now comprises 10.8% of Australia's overall population, but only accounts for 9.0% of industry businesses.

A large proportion of businesses are located in the most populated states of New South Wales and Victoria as businesses need to be close to their downstream markets and a centralised supply of skilled labour... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Event Promotion and Management Services Industry?

The primary activities of industry participants are event management, event promotion and ticketing services. The industry also includes tourist information centre operations and fundraising on commission or fee basis.

Industry Products
Event management servicesTicketing servicesEvent promotion servicesTourist information centre operationOther services
 
Industry Activities
Event managementSports ticketingSports, art and similar event promotion (without facilities)Theatre and concert bookingTourist information centre operationFundraising on commission or fee basis


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