Adventure Tourism Market By Type (Hard, Soft, Others), By Activity (Land Based Activity, Water Based Activity, Air Based Activity), By Type of Traveler (Solo, Friends/Group, Couple, Family), By Age Group (Below 30 Years, 30 to 41 Years, 42 to 49 Years, 50 Years and Above), By Sales Channel (Travel Agents, Direct): Global Opportunity Analysis and Industry Forecast, 2023-2032
The global adventure tourism market was valued at $324.90 billion in 2022 and is estimated to reach $1,947.50 billion by 2032, exhibiting a CAGR of 19.5% from 2023 to 2032.
Adventure tourism is a form of tourism wherein the purpose of the travelers is to indulge in various adventure activities such as hiking, hunting, rafting, caving, and climbing. Adventure tourism is the fastest-growing segment of the tourism industry across the globe. Destinations such as Melbourne, Brisbane, Lakshadweep, and Sydney allow a plethora of air, land, and water-based adventure activities that attract the tourists across the world.
In recent years, the market for adventure travel has experienced significant growth and related expenditure as a result of an increase in the numbers of travelers. The demand for adventure tourism is expected to grow as a result of an increase in the level of income in emerging geographical areas and reduced costs relating to air travel and accommodation. In addition, there is a rapid growth in the number of international tourists and thus contributes to market growth.
Travel agencies around the world have also launched rapid, mobile-friendly websites that may be used in a simple way on smartphones. These services include peer reviews, 360-degree video tours, and a simple comparison of prices. It helps tourists to get a better idea of the locations, benefits, and places they prefer to see. This has led to increase in interest in online vacation planning and reservation by travelers and, in turn, provides a profit projection for the adventure tourism industry as a whole. Furthermore, increased internet penetration assists travel firms and individuals in selecting, obtaining, and offering the greatest holiday places at affordable prices. The major factors which are expected to boost the growth of the global market over the outlook period include increased government tourism promotion activities, higher investments in this sector by the state, and a strengthening trend for adventure sports on holidays.
An increase in demand for genuine and individual travel experiences drives the adventure tourism market. Rapid urbanization, rise in disposable income, the impact of social media, and low-ticket prices play an important role in this. The key players in the field work with marketing firms to increase demand for adventure travel worldwide on the basis of Internet advertising, enabling them to reach out to large-value customers. In fact, adventure tourism is also being encouraged by government agencies in a number of countries as it produces employment opportunities and contributes to community development. Consequently, adventure tourism is expected to become more popular around the world.
The adventure tourism market is segmented on the basis of type, activity, type of traveler, age group, sales channel, and region. On the basis of type, the market has been classified into hard, soft, and others. On the basis of activity, the market has been divided into land based activity, water based activity, and air based activity. On the basis of the type of traveler, the market has been classified into solo, friends/group, couple, and family. On the basis of age group, it is categorized into below 30 years, 30 to 41 years, 42 to 49 years, and 50 years & above. On the basis of sales channel, the market is bifurcated into travel agents and direct. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players in the adventure tourism industry have relied on product launches as their key strategy to stay relevant in the competitive market. The key players profiled in the report include AAT Kings Tours Limited, Discovery Nomads, Trafalgar Travel, Contiki, G Adventures, Insight Vacations, Inspiring Journeys, Intrepid Group, Ltd, Intro Travel, and Ultimate Adventure Travel Pty Ltd.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the adventure tourism market analysis from 2022 to 2032 to identify the prevailing adventure tourism market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the adventure tourism market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global adventure tourism market trends, key players, market segments, application areas, and market growth strategies.
Technology Trend Analysis
Pain Point Analysis
Additional company profiles with specific to client's interest
Additional country or region analysis- market size and forecast
Criss-cross segment analysis- market size and forecast
Expanded list for Company Profiles
Historic market data
Key player details (including location, contact details, supplier/vendor network etc. in excel format)
SWOT Analysis
Key Market SegmentsBy TypeHard
Soft
Others
By ActivityLand Based Activity
Sub Type
Trekking and Mountain Climbing
Jungle Safari
Camping
Biking and Racing
Riding
Others
Water Based Activity
Sub Type
Canoeing
Kayaking
Scuba Diving
Snorkeling
Surfing
Water Rafting
Skiing
Parasailing
Rappelling
Others
Air Based Activity
Sub Type
Hot Air Balloon Rides
Paragliding
Sky Diving
Others
By Type of TravelerSolo
Friends/Group
Couple
Family
By Age GroupBelow 30 Years
30 to 41 Years
42 to 49 Years
50 Years and Above
By Sales ChannelTravel Agents
Direct
By RegionNorth America
U.S.
Canada
Mexico
Europe
UK
Germany
Switzerland
Norway
Italy
Rest of Europe
Asia-Pacific
India
China
New Zealand
Australia
Japan
Rest of Asia-Pacific
LAMEA
Saudi Arabia
UAE
Qatar
Oman
Kuwait
Rest Of Middle East
Africa
Latin America
Key Market PlayersAustin Adventures, Inc.
G Adventures Inc.
Geographic Expeditions Inc.
Recreational Equipment, Inc.
Butterfield & Robinson Inc.
TUI AG
Intrepid Group Pty Limited
Mountain Travel Sobek
ROW Adventures
Discovery Nomads LLC
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