Global Hot Air Balloon Ride Market Growth (Status and Outlook) 2023-2029

Global Hot Air Balloon Ride Market Growth (Status and Outlook) 2023-2029

Hot Air Balloon Ride is an adventure. A hot air balloon is a lighter-than-air aircraft consisting of a bag, called an envelope, which contains heated air. Suspended beneath is a gondola or wicker basket (in some long-distance or high-altitude balloons, a capsule), which carries passengers and a source of heat, in most cases an open flame caused by burning liquid propane. The heated air inside the envelope makes it buoyant since it has a lower density than the colder air outside the envelope.
LPI (LP Information)' newest research report, the “Hot Air Balloon Ride Industry Forecast” looks at past sales and reviews total world Hot Air Balloon Ride sales in 2022, providing a comprehensive analysis by region and market sector of projected Hot Air Balloon Ride sales for 2023 through 2029. With Hot Air Balloon Ride sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Hot Air Balloon Ride industry.
This Insight Report provides a comprehensive analysis of the global Hot Air Balloon Ride landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Hot Air Balloon Ride portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Hot Air Balloon Ride market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Hot Air Balloon Ride and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Hot Air Balloon Ride.
The global Hot Air Balloon Ride market size is projected to grow from US$ 170 million in 2022 to US$ 240.6 million in 2029; it is expected to grow at a CAGR of 5.1% from 2023 to 2029.
Hot Air Balloon Ride market has several key players, like Memories Group Limite, Rainbow Ryders, Inc., Oriental Ballooning, and Urgup Balloons.
Global giant manufactures mainly distributed in Turkey, USA, Egypt, Myanmar, Australia and Europe. Middle East and Africa is the largest consumption region of Hot Air Balloon Ride, with a consumption market share of nearly 30.75% in 2019. The second place is North America; following Middle East and Africa with the consumption market share of 26.12% in 2019.
This report presents a comprehensive overview, market shares, and growth opportunities of Hot Air Balloon Ride market by product type, application, key players and key regions and countries.
Market Segmentation:
Segmentation by type
Tethered Flight
Free Flight
Segmentation by application
Tourism
Anniversary Celebration
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Memories Group Limited
Rainbow Ryders, Inc.
Oriental Ballooning
Urgup Balloons
Sindbad Balloons
Royal Balloon
Hot Air Expeditions
Sundance Balloons
Kapadokya Balloons
Global Ballooning Australia
Universal Balloon
Volare
Napa Valley Balloons, Inc.
Cappadocia Voyager Balloons

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