Press release
Global Sightseeing Transport And Support Activities For Transport Market to Reach $1939.44 Billion by 2029, Growing at 6% CAGR
Sightseeing Transport And Support Activities For Transport Market Share
The surging influx of tourists is projected to fuel the expansion of sightseeing transportation and associated support activities in the transport market. The concept of tourism revolves around the idea of traveling away from home in pursuit of leisure, relaxation, and entertainment, often by availing of services provided by businesses for a certain charge. As tourism depends heavily on sightseeing and transportation to allow tourists to explore and discover most tourist spots, a surge in tourism numbers can significantly elevate the market for sightseeing transportation and support activities. As an example, the United Nations World Tourism Organization, a US-based global tourism advocacy institution, reported that the number of international tourist arrivals worldwide reached 917 million in 2022, a tremendous increase from 454.8 million arrivals in 2021, marking a 101.6% jump since 2021. Thus, the escalating trend of tourism is a key driver behind the growth and expansion of the sightseeing transportation and support activities sector within the transportation market.
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How will the growth rate of the sightseeing transport and support activities for transport market shape industry trends by 2034?
The market size for sightseeing transport and support services for transportation has seen significant expansion in the past few years. The market's value is projected to increase from $1427.45 billion in 2024 to $1533.34 billion in 2025, with a compound annual growth rate (CAGR) of 7.4%. Factors such as the growth of the tourism industry, cultural exchanges, economic development, marketing strategies, and the organization of events and festivals have contributed to this historical growth.
The market size for sightseeing transport and support services related to transport is projected to exhibit robust growth in the upcoming years. The prediction is that it will reach $1939.44 billion by 2029, reflecting a compound annual growth rate (CAGR) of 6.0%. The significant growth expected in the forecast period can be attributed to factors such as the revival of global tourism, adoption of eco-friendly tourism practices, increasing solo travel and cultural tourism, and the rise of experiential tourism. The major trends anticipated during the forecast period include personalized experiences, growing popularity of sustainable and electric transport, digitization of tourism-related bookings and planning, health and safety protocols, as well as culinary and gastronomic sightseeing.
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What trends are poised to drive the future success of the sightseeing transport and support activities for transport market?
Technological progress is a significant trend that is gaining traction in the sightseeing transportation and support sector for transport markets. Businesses in the sightseeing transportation and support operations for transport markets are concentrating on creating innovative strategies to consolidate their market position. For instance, in November 2022, the Beijing Institute of Technology Chongqing Innovation Center, an R&D organization based in China, introduced the world's first two-seater, intelligent split-type flying car designed for uses such as logistics, emergency rescue, and sightseeing. The flying car, controlled by a smart sensor based on a human-machine interaction system, seamlessly unifies the aircraft and chassis via location recognition, route configuration, and drive management, enabling the transition from terrestrial to aerial travel. The autonomous chassis ensures motion control, including driving, steering, and self-driving, supported by a general controller. With a top speed of 80 km/h and a max load of over 500 kg, the split-type structure of the three modules facilitates a flexible transition from land to air and vice versa.
Which primary segments of the sightseeing transport and support activities for transport market are driving growth and industry transformations?
The sightseeing transport and support activities for transport market covered in this report is segmented -
1) By Type: Support Activities For Air Transportation, Support Activities For Rail Transportation, Support Activities For Water Transportation, Support Activities For Road Transportation, Freight Transportation Arrangement, Other Support Activities
2) By Services: Aerial Services, Nautical Services (Excluding Cruises), Cruises, Ground Services, Other Services
3) By End-User: Individuals, Tour Operators, Convention And Visitor Bureaus, Hotels And Motels, Other End-Users
Subsegments:
1) By Support Activities For Air Transportation: Ground Handling Services, Air Traffic Control Services, Airport Management Services, Aircraft Maintenance And Repair Services
2) By Support Activities For Rail Transportation: Rail Yard Operations, Maintenance Of Way Services, Rail Logistics And Freight Forwarding, Signal And Communication System Services
3) By Support Activities For Water Transportation: Port Management And Operations, Vessel Traffic Services, Cargo Handling Services, Marine Logistics And Freight Forwarding
4) By Support Activities For Road Transportation: Trucking Dispatch Services, Freight Brokerage, Road Maintenance Services, Vehicle Leasing And Rental Services
5) By Freight Transportation Arrangement: Freight Forwarding Services, Customs Brokerage Services, Load Planning And Optimization Services, Freight Insurance Services
6) By Other Support Activities: Travel Agency Services, Tour Operator Services, Travel Insurance Services, Transportation Consulting Services
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Which geographical regions are pioneering growth in the sightseeing transport and support activities for transport market?
Asia-Pacific was the largest region in the sightseeing transport and support activities for the transport market in 2024. The regions covered in the sightseeing transport and support activities for transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the sightseeing transport and support activities for transport market landscape?
Major companies operating in the sightseeing transport and support activities for transport market include Gray Line Worldwide, IMPRESS Destination Services, Network Executive Limousine Ltd., NLS Transport Services Pte Ltd., Viator, Generbus Srl, KLOOK TRAVEL TECHNOLOGY INDIA PRIVATE LIMITED, Toronto Bus Company, French Riviera Sightseeing, Orlando Heli-Tours, Zohery Tours, De Palm Tours, Tourism Tiger, Anaheim Tour Company, Grand Canyon Airlines Inc, City Sightseeing Worldwide, Big Bus Tours, The Original Tour, Coach USA, Red and White Fleet, Hornblower Cruises & Events, Princess Cruises, Royal Caribbean International, Carnival Corporation & plc, Norwegian Cruise Line Holdings Ltd., MSC Cruises S.A., Viking Cruises, Seabourn Cruise Line, Crystal Cruises, Disney Cruise Line, American Cruise Lines, Rocky Mountaineer, Alaska Railroad Corporation, VIA Rail Canada, Belmond Ltd.
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What Is Covered In The Sightseeing Transport And Support Activities For Transport Global Market Report?
• Market Size Forecast: Examine the sightseeing transport and support activities for transport market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the sightseeing transport and support activities for transport market for a structured understanding.
• Key Players Overview: Analyze major players in the sightseeing transport and support activities for transport market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the sightseeing transport and support activities for transport market.
• Segment Contributions: Evaluate how different segments drive overall growth in the sightseeing transport and support activities for transport market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the sightseeing transport and support activities for transport market.
• Industry Challenges: Identify potential risks and obstacles affecting the sightseeing transport and support activities for transport market.
• Competitive Landscape: Review strategic developments in the sightseeing transport and support activities for transport market, including expansions, agreements, and new product launches.
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