Polar Tourism Market is Expected to have a Significant CAGR Over 2022-2028, Growing Tourism Promotion

According to Precision Business Insights (PBI), the latest report, the polar tourism market is expected to have a significant CAGR over 2022-2028. The primary driver of the expansion of the global Polar Tourism market are continuous improvement in transport technologies, growing population, increasing wealth and leisure time, a moderating climate, and rigorous tourism promotion.

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Arctic Segment to Dominate the Polar Tourism Market:
On the basis of classification, the Arctic segment is expected to account for a larger revenue share in the global Polar Tourism market, with a value share worldwide, of the fact that tourism is currently enjoying unparalleled attention in Arctic regions owing to the development of environmental education during the tours and cruises, and rising awareness among the population about the nature protection issues.

North America Polar Tourism Market:
The North America market is anticipated to dominate the global Polar Tourism market over the forecast period due to having high disposable income among a large part of the population in this area. Furthermore, the existence of many key players from this region further favours to expansion of the polar tourism market in the upcoming years. The Asia Pacific is also witnessed to have significant growth over the forecasted period owing to raising investments in tourism sectors, and increasing interest among people in nature and wildlife.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Polar Tourism market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

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The polar tourism market is segmented based on classification, application, and geography.
Based on the classification, the market is segmented into the following:
• Arctic
• Antarctic
• Himalayas
• Others

Based on the application, the market is segmented into the following:
• Millennial
• Generation X
• Baby Boomers

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the polar tourism market report are TUI Group, Thomas Cook Group, Jet2 Holidays, Cox and Kings Ltd, Scott Dunn, Micato Safaris, Lindblad Expeditions, Travcoa, Abercrombie & Kent Ltd, Micato Safaris, Tauck, Al Tayyar, Backroads, Zicasso, Exodus Travels, and Butterfield & Robinson

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This release was published on openPR.