MANUFACTURING
Each year Exhibit Surveys, Inc. releases the latest statistical norms for the manufacturing industry trade show audience quality, audience activity and exhibit performance indicators. Just a few of the key indices we regularly report are shown below (an additional 16 indices are reported annually). If you would like more information on trade show industry trends, please let us know. Click here to view the EXHIBITOR magazine article featuring our most recent Tradeshow Trends or request additional information by filling in our Information Request Form.
Audience Quality and Activity Indicators
These Indicators give an overview of the buying power and activity of trade show visitors. The following charts illustrate the change in a few of our key Audience Quality and Audience Activity Indicators (Total Buying Plans, Net Buying Influences, Traffic Density, Average Hours Viewing Exhibits, and First-time Attendees) over the last 8 years.
The charts below compare manufacturing industry exhibits and events with all shows measured by Exhibit Surveys, Inc. across all major industry segments (high-tech, communications, medical equipment, pharmaceutical, retail trade), where available.
Exhibit Performance Characteristics
With the focus of corporate management on measuring ROI, companies often think of measurement as only assessing bottom-line results from exhibiting (i.e., message communication, brand enhancement, awareness building, lead generation, sales from leads, PR achieved, etc.). Measuring bottom-line results is important, but we believe that measurement should do more than measure ROI. If ROI is not good, what are the reasons? Is it the fault of the show, the exhibit, or the personnel working the exhibit? Listed below are three of the 12 top-line indicators of exhibit performance that Exhibit Surveys tracks.
Exhibit Attraction is the percentage of an exhibitor's Potential Audience who remembered visiting the company's exhibit. The function of the physical exhibit is to selectively attract its Potential Audience from among the total audience at the show. Factors which most often determine success in this regard include: awareness for the company and its products among the audience, pre and at-show promotion, exhibit design and graphics, demos and attention-getting techniques, interest in products or services exhibited, and exhibit size. Over the past several years, exhibitors have been more successful in selectively attracting their Potential Audience.
Exhibit Efficiency is the percentage of a company's Potential Audience with whom they had meaningful engagement. Meaningful engagement includes face-to-face interactions like talking to exhibit staff, viewing a demonstration, and/or requesting follow-up. Factors which impact Exhibit Efficiency are number of demos and personnel on duty relative to size of Potential Audience, quality and performance of staff and demos, alignment of staff profile with attendee profile, and staff training. Exhibit Efficiency is one of the most important indicators of performance because there is strong correlation between the level and quality of meaningful engagement in the exhibit and the results that can be achieved. On average, exhibitors have been maintaining a high-level face-to-face contact with their visitors.
The average Cost-per-Visitor Reached (CVR) figures are based on the total direct cost of exhibiting. The Attraction CVR is the cost per attendee who recalled having some exposure to the exhibit and is a part of the exhibitor's Potential Audience. The Exhibit Efficiency CVR is the cost per attendee who is part of the Potential Audience who recalls having meaningful engagement. These figures differ from cost per lead or cost per inquiry because they are based on all visitors who are part of the Potential Audience and not just leads or inquiries. The Attraction CVR has stabilized and actually declined as exhibitors have controlled costs better while continuing to selectively attract a high percentage of their Potential Audience. The Exhibit Efficiency CVR has increased because exhibitors are not taking full advantage of having meaningful engagement with those attracted. In fact, Exhibit Efficiency is declining which is magnifying the increase in the Exhibit Efficiency CVR.
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