Adventure Tourism Market by Competitive Landscape and Demand 2021 to 2030

The Global Adventure Tourism Market size valued to USD 657.8 million in 2019, is expected an elevation of USD 2.02 billion by 2030 witnessing a CAGR of 10.7% from 2020-2030.

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Top Companies: 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 others.

Market Dynamics and Trends

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 tourism 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.

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Geographical Analysis

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.

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