Industry: Retail and Consumer | Publish Date: 07-Jul-2022 | No of Pages: 423 | No. of Tables: 241 | No. of Figures: 211 | Format: PDF | Report Code : N/A
The global Adventure Tourism Market size valued to USD 288.08 billion in 2021, is expected an elevation of USD 2824.41 billion by 2030 witnessing a CAGR of 28.8% from 2022-2030.
Adventure tourism involves exploration of exotic destinations, venturing in remote areas, discovering the wilderness, and travelling to such other out-of-the-comfort-zone destinations that includes physical activities, exchange of cultural values and framing a deeper connection with the nature. This niche tourism entails a certain degree of real/perceived risk or physical danger as well as, it may require special skills and physical exertion.
Adventure tourism includes various air, water and land activities like mountaineering, trekking, hiking, scuba diving, canyoneering, sandboarding, paragliding, river rafting, and others. These activities are performed under the guided supervision of experts, using all the safety measures like helmets, harness, and others, to avoid mishaps.
The global adventure tourism market is on a spur owing to the exponential growth of tourism industry. Besides, the inclination of youth towards exploring undiscovered destinations, rising demands of adventure sports, increase in disposable incomes and reasonable travel packages, are expected to supplement the market growth throughout the forecast period.
However, factors such as potential risks involved in adventure travelling, unpredictable climatic conditions, and chances of mishaps are expected to hamper the growth of global adventure travel market during the forecast period.
Moreover, increase in government initiatives in the form of public-private partnerships to promote tourism, surge in travel trends on social media, high competition among travel agencies in offering reasonable travel packages, reduced travel restrictions as well as the economic evolution are the factors responsible for propelling the growth of Adventure tourism market in future.
The global adventure tourism market share analysis is based on type, activity, type of travelers, age group and geography.
Based on type, the market is segmented into hard, soft and others. Based on activity, the market is classified into land based activity, water based activity, and air based activity. Based on type of traveler, the market is divided into solo, group, couple, and family. Based on age group, the market is bifurcated into below 30 years, 30 to 41 years, 42 to 49 years, and 50 years & above. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
North America is expected to dominate the global adventure tourism market, holding the highest market share over the forecast period. This is attributable to factors such as presence of various adventurous places, high per-capita disposable income, increased service offering, and upsurge in social media trends for visiting new places in vacations.
Asia Pacific is anticipated to grow at the highest CAGR throughout the forecast period owing to increase in public-private initiatives to promote tourism and inclination of youth towards adventure sports.
The global adventure tourism industry, which is highly competitive, consists of various market players. Some of the major market players include G Adventures Inc., Austin Adventures, Inc., Mountain Travel Sobek, ROW Adventures, TUI AG., REI Adventures, Intrepid Group Limited, InnerAsia Travel Group, Inc., Abercrombie & Kent Group of Companies S.A. and Butterfield & Robinson Management Services, Inc. others.
The past endeavors, present developments along with futuristic advancements, sum-up to comprehend the overall growth of the Adventure tourism market.
For instance, in January 2020, Austin Adventures pioneered multisport and family adventure travel company offered eighty-plus trips across all seven continents, including a trip for every month in a year.
Recently the five major players of the global adventure tourism market announced 5 exotic destinations to visit in the year 2020 viz: the ROW Adventures announced ‘Founder's Trip to Turkey,’ the Backroads announced ‘Sardinia & Corsica Multi-Adventure Tour’, a trip to the beaten path islands in Italy and France, the Austin Adventures announced the ‘Wyoming Yellowstone & Grand Teton National Parks Family Trip’ to Alaska, the Classic Journeys announced ‘Galapagos Island trip,’ and the Wilderness Travel announced ‘Hiking in the Celestial Mountains of Kyrgyzstan’.
The adventure tourism market report provides a quantitative analysis of the current market and estimations through the year 2022-2030 that assists in identifying the prevailing market opportunities to capitalize on.
The study comprises a deep dive analysis of the market trend including the current and future trends for depicting the prevalent investment pockets in the market.
The report provides a detailed information related to key drivers, restraints, opportunities and their impact on the market.
The report incorporates a competitive analysis of the market players along with their market share in the global market.
The study elaborates SWOT analysis and Porters Five Forces model for the market.
Value chain analysis in the adventure tourism market study provides a clear picture of the stakeholders’ roles.
Hard
Soft
Others
Land Based Activity
Hiking
Trekking
Camping
Rock Climbing
Others
Water Based Activity
Canoeing
Rafting
Scuba Diving
Air Based Activity
Hot Air Ballooning
Paragliding
Ski Diving
Solo
Group
Couple
Family
Below 30 Years
30 to 41 Years
42 to 49 Years
50 Years & Above
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Rest of Europe
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
RoW
UAE
Saudi Arabia
South Africa
Brazil
Rest of RoW
Report Scope and Segmentation:
Parameters |
Details |
Analysis Period |
2021–2030 |
Base Year Considered |
2021 |
Forecast Period |
2022–2030 |
Market Size Estimation |
Million (USD) |
Market Segmentation |
By Type (Hard, Soft, Others) By Activity (Air Based, Land Based, Water Based) By Type of Traveler (Solo, Group, Couple, Family) By Age Group (>30 Years, –41 Years, –49 Years, ≥50 Years) By Sales Channel (Direct, Agent) |
Geographical Segmentation |
North America (U.S., Canada, Mexico) Europe (Switzerland, Italy, Norway, Germany, Rest of Europe), Asia-Pacific (China, New Zealand, India, Australia, Japan, Kazakhstan, Kyrgyzstan, Rest of APAC), Rest of the World (Latin America, Middle East, Africa) |
Companies Profiled |
G Adventures Inc., Austin Adventures, Inc., Mountain Travel Sobek, ROW Adventures, TUI AG., REI Adventures, Intrepid Group Limited, InnerAsia Travel Group, Inc., Abercrombie & Kent Group of Companies S.A. and Butterfield & Robinson Management Services, Inc. |
Austine Adventures Inc.
Butterfield & Robinson Inc.
Discovery Nomads
G Adventures
Geographic Expeditions Inc.
Mountain Travel Sobek
Intrepid Group, Ltd
Recreational Equipment Inc.
ROW Adventures
TUI Group