Austin, TX, USA, July 03, 2024 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Adventure Tourism Market Size, Trends and Insights By Type (Hard Adventure, Soft Adventure), By Activity (Land-based Activity, Water-based Activity, Air-based Activity), By Booking Mode (Direct, Travel Agent), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033” in its research database.
“According to the latest research study, the demand of global Adventure Tourism Market size & share was valued at approximately USD 450.2 Billion in 2023 and is expected to reach USD 461.3 Billion in 2024 and is expected to reach a value of around USD 2600 Billion by 2033, at a compound annual growth rate (CAGR) of about 16.4% during the forecast period 2024 to 2033.”
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Adventure Tourism Market: Overview
Adventure tourism frequently emphasizes sustainability, ethical travel, and respect for local cultures and habitats. It appeals to people looking for unique and original travel experiences away from standard tourist destinations, and it promotes a sense of adventure, and connection with nature.
A rising need for sustainable and ethical travel experiences is a key global trend in the adventure tourism sector. Travelers are looking for authentic experiences that encourage environmental protection, help local communities, and honor indigenous traditions.
This development reflects an increased understanding of tourism’s impact on vulnerable ecosystems and cultural heritage places. Adventure tour operators and locations are reacting by adopting environmentally responsible methods, providing low-impact activities, and participating in community-based tourism projects.
Furthermore, there is a growing interest in off-the-beaten-path places and one-of-a-kind experiences that allow visitors to interact with nature and learn about local cultures.
As travelers choose ethical and ecological tourism practices, the sector is experiencing a change towards engaging, transformational, and socially responsible adventure travel experiences that provide meaningful relationships with destinations while minimizing negative impacts on the environment and local communities.
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By type, the soft adventure segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Soft adventure tourism is a growing global trend that includes activities with moderate degrees of thrill and physical effort, such as hiking, animal observation, cultural immersion, and ecotourism.
By activity, the land-based activity segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Land-based activities are shifting towards more sustainable and experiential services, such as hiking, camping, and cultural excursions, driven by a desire for immersive outdoor experiences as well as environmental consciousness.
By booking mode, the direct segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Direct booking is a rising trend in the travel industry, when travellers avoid third-party platforms and book directly with hotels, airlines, or tour operators to get better pricing, flexibility, and personalized experiences.
In North America, there is a noticeable trend towards sustainable travel, with rising demand for eco-friendly hotels, nature-based experiences, and responsible tourism practices, fueled by environmental awareness and conservation initiatives.
TUI AG provides tour, hotel, resort, and cruise services. It operates in six segments: Northern Region, Central Region, Western Region, Hotels and Resorts, Cruises, and Other Tourism. The Northern Region category comprises travel operators, airlines, and cruise companies in the United Kingdom, Ireland, and the Nordics.
Report Scope
Feature of the Report Details Market Size in 2024 USD 461.3 Billion Projected Market Size in 2033 USD 2600 Billion Market Size in 2023 USD 450.2 Billion CAGR Growth Rate 16.4% CAGR Base Year 2023 Forecast Period 2024-2033 Key Segment By Type, Activity, Booking Mode and Region Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America Buying Options Request tailored purchasing options to fulfil your requirements for research.
(A free sample of the Adventure Tourism report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
Introduction, Overview, and in-depth industry analysis are all included in the 2024 updated report.The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.About 220+ Pages Research Report (Including Recent Research)Provide detailed chapter-by-chapter guidance on the Request.Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2024Includes Tables and figures have been updated.The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis Custom Market Insights (CMI) research methodology
(Please note that the sample of the Adventure Tourism report has been modified to include the COVID-19 impact study prior to delivery.)
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CMI has comprehensively analyzed the Global Adventure Tourism market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict depth scenarios of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Adventure Tourism industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
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Key questions answered in this report:
What is the size of the Adventure Tourism market and what is its expected growth rate?What are the primary driving factors that push the Adventure Tourism market forward?What are the Adventure Tourism Industry’s top companies?What are the different categories that the Adventure Tourism Market caters to?What will be the fastest-growing segment or region?In the value chain, what role do essential players play?What is the procedure for getting a free copy of the Adventure Tourism market sample report and company profiles?
Key Offerings:
Market Share, Size & Forecast by Revenue | 2024−2033Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading TrendsMarket Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regionsCompetitive Landscape – Top Key Vendors and Other Prominent Vendors
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Adventure Tourism Market: Regional Analysis
By region, Adventure Tourism market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. North America dominated the global Adventure Tourism market in 2023 with a market share of 40.7% and is expected to keep its dominance during the forecast period 2024-2033.
North America drives the adventure tourism business with its diversified landscapes and a wide range of challenging activities. From the steep mountains of the Rockies to the vast wilderness of Alaska, North America is a thrill-seeker’s paradise. Popular activities include hiking, skiing, river rafting, zip line, and animal excursions.
Furthermore, the region has a well-developed infrastructure, including national parks, trails, and adventure resorts that appeal to both new and seasoned explorers. Cultural activities, such as indigenous heritage tours and cowboy ranch stays, add to the attractiveness of adventure travel in North America.
Furthermore, the region’s stable political climate, modern healthcare system, and foreign travellers are looking for secure and accessible adventure spots.
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List of the prominent players in the Adventure Tourism Market:
TUI GroupIntrepid TravelG AdventuresAbercrombie & KentREI AdventuresExodus TravelsAdventure CanadaAdventure ConsultantsKE Adventure TravelWorld ExpeditionsAustin AdventuresButterfield & RobinsonLindblad ExpeditionsBackroadsWild Frontiers Adventure TravelGeographic ExpeditionsMountain Travel SobekExplore WorldwideNational Geographic ExpeditionsNomad Africa Adventure ToursOthers
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The Adventure Tourism Market is segmented as follows:
By Type
Hard AdventureSoft Adventure
By Activity
Land-based ActivityWater-based ActivityAir-based Activity
By Booking Mode
DirectTravel AgentEvent Planners
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Regional Coverage:
North America
U.S.CanadaMexicoRest of North America
Europe
GermanyFranceU.K.RussiaItalySpainNetherlandsRest of Europe
Asia Pacific
ChinaJapanIndiaNew ZealandAustraliaSouth KoreaTaiwanRest of Asia Pacific
The Middle East & Africa
Saudi ArabiaUAEEgyptKuwaitSouth AfricaRest of the Middle East & Africa
Latin America
BrazilArgentinaRest of Latin America
This Adventure Tourism Market Research/Analysis Report Contains Answers to the following Questions.
Which Trends Are Causing These Developments?Who Are the Global Key Players in This Adventure Tourism Market? What are Their Company Profile, Product Information, and Contact Information?What Was the Global Market Status of the Adventure Tourism Market? What Was the Capacity, Production Value, Cost and PROFIT of the Adventure Tourism Market?What Is the Current Market Status of the Adventure Tourism Industry? What’s Market Competition in This Industry, Both Company and Country Wise? What’s Market Analysis of Adventure Tourism Market by Considering Applications and Types?What Are Projections of the Global Adventure Tourism Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?What Is Adventure Tourism Market Chain Analysis by Upstream Raw Materials and Downstream Industry?What Is the Economic Impact On Adventure Tourism Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?What Are Market Dynamics of Adventure Tourism Market? What Are Challenges and Opportunities?What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Adventure Tourism Industry?
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Reasons to Purchase Adventure Tourism Market Report
Adventure Tourism Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.Adventure Tourism Market report outlines market value (USD) data for each segment and sub-segment.This report indicates the region and segment expected to witness the fastest growth and dominate the market.Adventure Tourism Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.The Industry’s current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.Adventure Tourism Market Includes in-depth market analysis from various perspectives through Porter’s five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
The study provides a thorough overview of the global Adventure Tourism market. Compare your performance to that of the market as a whole. Aim to maintain competitiveness while innovations from established key players fuel market growth.
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What does the report include?
Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Adventure Tourism market analysis. The competitive environment of current and potential participants in the Adventure Tourism market is covered in the report, as well as those companies’ strategic product development ambitions. According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions. For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
Participants and stakeholders worldwide Adventure Tourism market should find this report useful. The research will be useful to all market participants in the Adventure Tourism industry.Managers in the Adventure Tourism sector are interested in publishing up-to-date and projected data about the worldwide Adventure Tourism market.Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Adventure Tourism products’ market trends.Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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