Press release
Adventure Tourism Market Size & Share Analysis, Growth Forecast Report 2024-2032
The global adventure tourism market size was valued at USD 608.00 billion in 2023. The market is expected to expand from USD 804.51 billion in 2024 to USD 1,682.28 billion by 2032, exhibiting a CAGR of 9.66% over the study period.Tourist activities, including scuba diving, climbing, trekking, and rafting that provide excitement beyond comfort zone come under adventure tourism. The growing spending by travelers on tourism activities that involve excitement coupled with rising demand for related custom tour packages are augmenting the market expansion.
There was a steep decrease on consumer spending on adventure tours due to restrictions on travel, surge in health concerns, and lockdowns amid the COVID-19 pandemic. In addition, the market witnessed a severe influence on account of the shutdown of accommodation facilities and adventure tours and limitations in the accessibility to transportation facilities among travelers. Despite this, restarting of adventure tourism facilities and ease in lockdown restrictions have bolstered the number of travelers that make use of adventure tourism services across the globe in the post-COVID-19 scenario.
Fortune Business Insightsโข provides this information in its research report, titled "Adventure Tourism Market, 2024-2032".
๐๐๐ญ ๐ ๐ ๐ซ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐:
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/adventure-tourism-market-107924
๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐๐๐ง๐ญ๐ข๐จ๐ง๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐ฑ๐๐ฒ๐ป๐๐๐ฟ๐ฒ ๐ง๐ผ๐๐ฟ๐ถ๐๐บ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐๐ฉ๐จ๐ซ๐ญ:
โฃ Active Adventures (New Zealand)
โฃ Intrepid Travel (Australia)
โฃ Butterfield & Robinson (Canada)
โฃ G Adventures (Canada)
โฃ TUI Group (Germany)
โฃ Geographic Expeditions Inc. (U.S.)
โฃ ROW Adventures (U.S.)
โฃ Mountain Travel Sobek (U.S.)
โฃ Cox & Kings Ltd. (U.K.)
โฃ Discovery Nomads (U.K.)
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง: ๐๐ฑ๐๐ฒ๐ป๐๐๐ฟ๐ฒ ๐ง๐ผ๐๐ฟ๐ถ๐๐บ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐
Growing Number of Hiking Locations to Expedite the Soft Segment Expansion
On the basis of type, the market is segregated into soft, hard, and others. The soft segment led the market in 2023 due to the surging number of hiking locations and camping sites across the globe. This factor leads to the popularity of soft activities, boosting the market share.
30-50 Years Segment Dominates Driven by Evolving Trend of Family Trips
By age group, the market is divided into 30-50 years, above 50 years, and below 30 years. The 30-50 years segment accounts for the largest adventure tourism market share on account of the significant evolving trend of family trips within this demographic, owing to the requirement for more memorable experiences and family time.
From the regional outlook, the market is classified into Europe, the Middle East & Africa, South America, North America, and Asia Pacific.
๐๐ฌ๐ค ๐๐จ๐ซ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ญ๐ข๐จ๐ง:
https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/adventure-tourism-market-107924
๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฏ๐๐ซ๐๐ ๐:
The report includes:
โฃ Major growth drivers, restraining factors, opportunities, and potential challenges for the market.
โฃ Comprehensive insights into regional developments.
โฃ List of major industry players.
โฃ Key strategies adopted by the market players.
โฃ Recent industry developments include product launches, partnerships, mergers, and acquisitions.
๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ฌ๐ญ๐ซ๐๐ข๐ง๐ญ๐ฌ:
Surging Demand for Customized Tourism Packages to Proliferate Market Expansion
Consumers can personalize their traveling packages as per their preferences and tastes by using customized tourism packages. Moreover, players emphasize creating specialized adventure packages customized to particular skill levels, demographics, or interests, including eco-conscious outdoor experiences, family-friendly adventures, and others.
However, increasing safety concerns may hinder demand for these services, impeding the adventure tourism market growth.
๐๐๐ญ ๐ ๐๐ฎ๐จ๐ญ๐ ๐๐จ๐ฐ:
https://www.fortunebusinessinsights.com/enquiry/get-a-quote/adventure-tourism-market-107924
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
Europe Leads Propelled by Growing Demand for Culture-related Adventure Travel
Europe registers the largest market share on account of the rising demand for culture-related adventure travel among travelers. This, along with the surging trend of traveling and exploration of undiscovered cultural destinations in Italy, Spain, and Germany is contributing to the regional growth.
North America adventure tourism market depicted the second-dominating position in 2023, which can be ascribed to the growing international travels in Mexico and the U.S. The emerging outdoor leisure and recreation trends and the growing availability of custom holiday packages focused on couples boost service revenues, further leading to market expansion.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐ฏ๐ ๐๐๐ง๐๐ฌ๐๐๐ฉ๐:
Market Leaders Focus on Mergers to Get Greater Brand Reputation
Prominent players emphasize mergers & acquisitions to get a greater brand reputation while keeping ahead of their competition. For example, in January 2024, Travel + Leisure Co., a leisure travel and global membership firm, announced the acquisition of Accor's Vacation Club business for USD 48.4 million.
๐๐๐๐ ๐๐๐ฅ๐๐ญ๐๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:
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๐๐๐ฒ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ:
August 2021: Active Adventures, based in New Zealand, announced its merger with Austin Adventures, a U.S.-based adventure travel company, to offer numerous opportunities for travelers across the globe. This move is poised to offer a wide range of travel destinations and experiences to travelers.
๐๐ผ๐ป๐๐ฎ๐ฐ๐ ๐จ๐:
Fortune Business Insightsโข Pvt. Ltd.
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Email: sales@fortunebusinessinsights.com
๐๐๐จ๐ฎ๐ญ ๐๐ฌ:
Fortune Business Insightsโข offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
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