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Sightseeing Transport And Support Activities For Transport Market Size Projected To Reach $1939.44 Billion By 2034 With A Cagr Of 6%
Sightseeing Transport And Support Activities For Transport
What Is the Sightseeing Transport And Support Activities For Transport Market Size and Projected Growth Rate?
The market size for sightseeing transport and support activities for transport has seen a robust expansion in past years. Its evolution will continue from a value of $1427.45 billion in 2024 to reach $1533.34 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.4%. Factors contributing to the upward trajectory during the historical period include the progression of the tourism industry, cultural exchanges, economic development, marketing and promotional strategies, as well as various events and festivals.
The market size for sightseeing transportation and related support activities is forecasted to witness robust expansion in the forthcoming years. By 2029, it is projected to reach a value of $1939.44 billion, growing at a compound annual growth rate (CAGR) of 6.0%. The predicted growth through this period is due to several factors such as the rebound of global tourism, commitment to sustainable tourism, the increase in solo travels, the growth of culture-based and heritage tourism, and the emergence of experiential tourism. Key trends anticipated in this period are the growing demand for personalized and tailor-made experiences, the rise in the use of electric and eco-friendly means of transportation, the digital transformation of booking and planning processes, implementation of health and safety regulations, and the appeal of food and wine-focused sightseeing.
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What Are the Different Sightseeing Transport And Support Activities For Transport Market Segments?
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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What Are the Primary Drivers Shaping the Sightseeing Transport And Support Activities For Transport Market?
The projected increase in tourism is predicted to fuel the expansion of sightseeing transportation and ancillary services in the transportation market. Tourism entails taking time off to seek pleasure, relaxation, and fun, taking advantage of the services provided by businesses for a certain price. Sightseeing transportation and its allied activities form a crucial part of the tourism sector, as they enable tourists to travel and explore the majority of the attractions. Consequently, the growth in tourism is anticipated to uplift the sightseeing transportation sector and supporting transport activities. For instance, the United Nations World Tourism Organization, a US-based global tourism promotion body, revealed that the worldwide international tourist arrivals rose to 917 million in 2022, a significant increase from the 454.8 million arrivals in 2021, marking a 101.6% growth from 2021. This surge in tourism is contributing to the expansion of the sightseeing transportation and supporting activities in the transport market.
Which Companies Are Leading in the Sightseeing Transport And Support Activities For Transport Market?
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.
What Are the Major Trends Shaping the Sightseeing Transport And Support Activities For Transport Market?
The trend of utilizing technological innovation is becoming increasingly prominent in the sightseeing transportation and related support activities market. Major industry players are concentrating on the development of unique solutions to consolidate their market standing. For example, the Beijing Institute of Technology Chongqing Innovation Center, a novel R&D organization in China, introduced the first-ever two-seat smart split-type flying car for logistics, urgent rescues, sightseeing, and other purposes in November 2022. This smart vehicle boasts a sensor that, using a human-machine interface system, enables the cockpit to connect to the aircraft and chassis via location awareness, track planning, and drive control, thus facilitating a transition between terrestrial and airborne movements. It possesses an autonomous chassis capable of performing actions like driving and steering, and even autonomous driving, facilitated by a common controller. With a top speed of 80 kms per hour and a maximum weight capacity exceeding 500 kgs, the three-part split structure allows for flexible transitions between air and ground travel.
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What Are the Top Revenue-Generating Geographies 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
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Sightseeing Transport And Support Activities For Transport Market?
2. What is the CAGR expected in the Sightseeing Transport And Support Activities For Transport Market?
3. What Are the Key Innovations Transforming the Sightseeing Transport And Support Activities For Transport Industry?
4. Which Region Is Leading the Sightseeing Transport And Support Activities For Transport Market?
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