India Mice Market Size & Outlook, 2023-2030
India mice market, 2018-2030 (US$M)
Related Markets
India mice market highlights
- The India mice market generated a revenue of USD 43,903.4 million in 2023 and is expected to reach USD 103,686.5 million by 2030.
- The India market is expected to grow at a CAGR of 13.1% from 2024 to 2030.
- In terms of segment, meetings was the largest revenue generating event type in 2023.
- Incentives is the most lucrative event type segment registering the fastest growth during the forecast period.
Mice market data book summary
| Market revenue in 2023 | USD 43,903.4 million |
| Market revenue in 2030 | USD 103,686.5 million |
| Growth rate | 13.1% (CAGR from 2023 to 2030) |
| Largest segment | Meetings |
| Fastest growing segment | Incentives |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Meetings, Incentives, Conferences, Events |
| Key market players worldwide | American Express Co, CWT Meetings & Events, BCD Meetings & Events, Maritz, Conference Care, ATPI Limited, FCM Travel Solutions, Global Cynergies, Aviareps AG, ITL World, Questex, Global Business Travel Group Inc Ordinary Shares - Class A, Meetings & Incentives Worldwide, One10, Creative Group, CWT |
Other key industry trends
- In terms of revenue, India accounted for 5.5% of the global mice market in 2023.
- Country-wise, Germany is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China mice market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 103,686.5 million by 2030.
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MICE Market Scope
MICE Market Companies
| Name | Profile | # Employees | HQ | Website |
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India mice market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to mice market will help companies and investors design strategic landscapes.
Meetings was the largest segment with a revenue share of 43.23% in 2023. Horizon Databook has segmented the India mice market based on meetings, incentives, conferences, events covering the revenue growth of each sub-segment from 2018 to 2030.
MICE tourism is increasing significantly in India. It benefits the economy in a number of ways, including opening up new business prospects, spreading knowledge, offering training, and improving skills. MICE destinations play a key role in market growth.
In India, MICE destinations are greatly facilitated by the Central and State Governments. The State Governments are tasked with providing last-mile connectivity, local civic infrastructure & services, and facilitating core MICE infrastructure, while the Central Government will be in charge of promoting India in international markets, developing aviation infrastructure, liberalizing the VISA regime, etc.
These factors are expected to accelerate market growth over the forecast period. The exhibition industry in India is rapidly growing, which will accelerate the market growth over the forecast period.
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Target buyers of India mice market databook
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Our clientele includes a mix of mice market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India mice market , including forecasts for subscribers. This country databook contains high-level insights into India mice market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India mice market size, by event type, 2018-2030 (US$M)
India MICE Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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