Looking for statistical justification that trade shows are a great marketing medium? Do you need numerical inspiration to guide your trade show program? Here you go. These statistics will help your business justify and maximize your trade show marketing.
- B2B exhibitions were 39.2% of B2B marketing budgets in 2011, the largest amount of any other marketing channel. That number has held fairly steady over the past several years, demonstrating the resilience of trade shows.
- 81% of trade show attendees have buying authority. Which means more than 4 out of 5 people walking the aisles are potential customers for exhibitors.
- 78% of trade show attendees travel more than 400 miles to attend an exhibition, which means you are getting a national audience at many trade shows.
- 99% of marketers said they found unique value from trade shows they did not get from other marketing mediums. Their 3 most valued aspects of trade shows were: 60% of exhibitors said they value the ability to see lots of prospects and customers at the same time; 51% of exhibitors said they value face-to-face meetings with prospects and customers, and 47% said they value the ability to meet with a variety of players face to face, such as customers, suppliers, resellers, etc.
- The top 3 goals for exhibitors at trade shows are brand awareness, lead generation, and relationship building.
- The average attendee spends 8.3 hours viewing trade show exhibits at a show or exhibition. That gives you plenty of opportunity to connect with your target audience.
- About 50% of the largest 200 shows in the USA take place in just 3 cities: Las Vegas, Chicago, and Orlando.
- Average drayage rates have increased 488% from 1982 to 2010. Average drayage rates have gone from $12.68 per hundredweight in 1982 to $74.54 in 2010 – a 488% increase. Meanwhile, the % of Exhibit Design on the average budget has gone from 21% of the overall budget in 1982 to only 10% in 2010. The savings on drayage, (and shipping, storage, I&D, and refurbishing) from modular exhibit systems (that weight 60% less than traditional custom exhibits) and portable displays have helped keep trade shows affordable for many exhibitors.
- 83% of exhibitors agreed that “Building, expanding brand awareness” is a high-priority marketing-related objective for trade shows. The next two objectives tied at 63%: “New product promotions, launches” and “Brand awareness reinforcement.”
- The top 3 sales-related objectives at trade shows are related to relationship management and engagement. Above all else, exhibitors want to meet with existing customers, key customers, and prospective customers.
- 67% of all attendees represent a new prospect and potential customer for exhibiting companies. This means trade shows are always rich in new business targets for you.
- 45% of attendees visit only one exhibition per year. So when you exhibit at a show you will find unique prospects there you can’t reach at other trade shows.
- The #1 reason for attending (not exhibiting) trade shows is to see new products. 92% of trade show attendees say they are looking for new products. It has been the number one reason to attend for 25 years! So trade shows are a great place to introduce or feature your newest products.
- 46% of trade show attendees are in Executive or Upper Management. That’s a lot of valuable attendees with top titles walking trade shows. They certainly have authority to make buying decisions!
- Shanghai, China is going to open a 5 million square foot show hall in 2015. This means for exhibitors there will be even more potential large shows to exhibit at in China.
- 84% of exhibitors say “High quality of attendees” is the most important factor when deciding whether to exhibit or expand booth size. Also, 54% say “favorable return-on-investment,” is an important factor when deciding to exhibit or expand booth size, while 50% consider “Positive past performance” and important factor.
Are you interested in an effective trade show booth? If so, contact The Exhibit Source.
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Trade shows can be a great opportunity to get face-to-face time with existing and potential customers, build your brand presence, and express your mission statement. Your mission statement? Yes. What separates you from your competition is in your goods and services and in your mission statement.
Social media and online technology may be considered the leader in sales and marketing today, but trade shows are enjoying a strong resurgence and generating hundreds of millions dollars in sales.
Every year the Boston area plays host to 100’s of trade shows. Within each of these trade shows there are hundreds, if not thousands of exhibitors. Your business needs to stand out in the crowd. Your