Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by Infinium Global Research on the adventure tourism market provides an in-depth analysis of segments and sub-segments in the global as well as regional adventure tourism market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional adventure tourism market over the short term as well as the long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global adventure tourism market. According to the report, the global adventure tourism market is projected to grow at a CAGR of about 14% over the forecast period of 2022-2028.
The adventure Tourism market was valued at over USD 940 billion in 2022 and is expected to reach nearly USD 2050 billion in 2028, with a CAGR of about 14% during the forecast period. Tourism is one of the most rapidly growing sectors in the world, and adventure tourism is one of the fastest-growing categories of tourism. Adventure tourism includes adventure sports including hiking, climbing, cycling, rafting, scuba diving, para-gliding, surfing, and others. Some of the destinations are particular for a type of adventure sport, for instance, the Great Barrier Reef in Australia is famous for scuba diving while the Grand Canyon in America is known for hiking and mountain climbing. Furthermore, Airbnb, the travel and tourism company has launched a new Airbnb Adventure, which allows its users to book and travel across the world for adventure sports. The service offers hundreds of small-group excursions and bucket list nature trips, where the guests stay in nature and are offered all the essential tools and equipment.
People are traveling more for vacations and trips, which helps the travel and tourism industry to grow. This is the major driving factor for the growth of the adventure tourism market. People tend to travel to new destinations for their vacations, as they are keener to explore undiscovered destinations. Moreover, the increasing disposable income and increase in government initiatives are encouraging people to go on a vacation or trip. This has contributed to the growth of the adventure tourism market. Furthermore, a variety of options available for travelers and several offers from travel agencies are boosting the demand for adventure tourism. However, the increase in crime rates and growing terrorism in some countries are restraining the growth of the adventure tourism market. Nevertheless, increasing penetration of the internet has encouraged travelers to adopt online travel agencies to book their trips. This is anticipated to offer favorable opportunities to the players in the market.
Region-wise, Europe generated the highest revenue in the market, dominating the global adventure tourism market. The dominance of the European market is attributed to the presence of the most popular destinations in the region. Moreover, the people in Europe are engaged in some popular adventure sports including paragliding, kite surfing, and hiking on mountains and glaciers, which is anticipated to boost the adventure tourism market in this region. North America is the second-largest market for adventure tourism due to the presence of various adventurous places, and high per-capita disposable income. Asia Pacific is anticipated to grow at the highest CAGR throughout the forecast period.
The report on the global adventure tourism market covers segments such as type, activity, and booking mode. On the basis of type, the sub-markets include hard, soft, and other types. On the basis of activity, the sub-markets include land-based activity, water-based activity, and air-based activity. On the basis of booking mode, the sub-markets include travel agent, and direct.
The report provides profiles of the companies in the market such as Austin Adventures, Inc., G Adventures, Intrepid Group, Mountain Travel Sobek, Natural Habitat Adventures, TUI Group, REI Adventures, InnerAsia Travel Group, Inc., Butterfield & Robinson Inc, and Abercrombie & Kent Group of Companies S.A.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the adventure tourism market. Moreover, the study highlights current
market trends and provides forecasts from 2022-2028. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.
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