by Madison Frye on Jan 12, 2023 10:15:00 AM
As we head into another year of the unknown, we’ve collected a list of key insights from various sources to assist in your trade show and conference planning for 2023.
- 95% of exhibitors want in-person events (vs virtual)!
- In June 2021, 29% of companies surveyed list the impact of the Covid-19 pandemic as the most important issue to face the exhibit industry. This is compared to only 11% in June of 2022.
- In June 2021, only 9% of companies surveyed list “Internal Management Challenges” as their top issue to face the exhibit industry. This has more than doubled to 20% in 2022, bringing this to be the largest predicted issue we will face in the year to come.
- Feelings among US industry professionals show that 84% are optimistic or hopeful on the effectiveness of trade show marketing.
- The market size for trade shows and conferences in the United States is $21.7 Billion for 2023 (measured by revenue).
- Trade show and conference planning industry’s total wages paid is expected to increase 4.9% in 2023, to $3.9 Billion.
- 92% of attendees are in search of new products.
- 78% of trade show attendees travel 400 miles or more to attend an exhibition.
- 81% of attendees at trade shows have purchasing authority.
- The trade show and conference industry in the US is the 15th ranked administration, business support and waste management services industry (measured by market size).
*Information collected on: Jan 4th - 11th, 2023 from the following sources, in which all credit is due:
- Display Wizard
- Statista
- Statista
- Statista
- IBIS World
- IBIS World
- Highway 85 Creative
- Highway 85 Creative
- Display Wizard
- IBIS World