Global MICE industry poised to reach $1.5 trillion by 2030

Though India holds less than 5 per cent of this market, our growth potential is immense, Sooraj Dhawan, President, Indian Exhibition Industry Association said.

New Delhi: The global Meetings, Incentives, Conferences, and Exhibitions (MICE) industry, valued at $870 billion, is projected to reach $1.5 trillion by 2030, Sooraj Dhawan, President, Indian Exhibition Industry Association, said on Tuesday.

Though India holds less than 5 per cent of this market, our growth potential is immense, he said.

He was speaking at the inaugural ceremony of the 5th edition of India Expo Shop 2025, organised by the Indian Exhibitions, Conferences & Events Services Association (IESA), at Yashobhoomi, Dwarka here.

“The Indian exhibitions industry is on the brink of unprecedented growth, with revenues projected to double within three years. To seize this opportunity, our supply chain must scale with speed and innovation, " he said.

The two-day showcase (August 12–13) is hosting over 100 exhibitors, over 300 decision-makers, and more than 2,000 professionals, all converging to explore innovation, sustainability, and next-gen opportunities in the MICE sector, the statement said.

“India Expo Shop 2025 demonstrates the scale and ambition of India’s MICE sector, a market poised to cross USD 100 billion by 2030. With over 35,000 corporate events taking place each year, this year’s edition is especially significant as it brings the industry together at a time of unprecedented growth and opportunity. Jatinder Kapur, President, IESA, said.