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Sightseeing Transport And Support Activities For Transport Market on Track for Strong Growth, Estimated to Grow at 6% CAGR Through 2029
Sightseeing Transport And Support Activities For Transport Market
What Is the Expected CAGR for the Sightseeing Transport And Support Activities For Transport Market Through 2025?
The market size of sightseeing transport and support activities for transport has robustly expanded in the past few years. An upswing from $1427.45 billion in 2024 to $1533.34 billion in 2025 is forecasted, marking a compound annual growth rate (CAGR) of 7.4%. The escalating growth observed in the historic phase can be linked to factors such as the expansion of the tourism sector, cultural interactions, economic development, strategic marketing and promotion, alongside various events and festivals.
What's the Projected Size of the Global Sightseeing Transport And Support Activities For Transport Market by 2029?
The market size for sightseeing transportation and support activities for transportation is anticipated to witness significant growth in the coming years. The market is projected to reach $1939.44 billion by 2029, with a compound annual growth rate (CAGR) of 6.0%. This growth within the forecast period can be accredited to the recovery of global tourism, implementation of sustainable tourism practices, increase in solo travel, and the growth of cultural, heritage, and experiential tourism. Key trends within this predicted period include the desire for personalized and customized experiences, the growing popularity of electric and sustainable transportation methods, the move towards digital booking and planning systems, implementation of health and safety measures, and the emerging trend of culinary and gastronomic sightseeing.
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Top Growth Drivers in the Sightseeing Transport And Support Activities For Transport Industry: What's Accelerating the Market?
The growth of the sightseeing transportation and support activities for the transportation market is forecasted to be driven by the surge in tourism. Tourism, defined as the activity of spending time away from home in pursuit of leisure, relaxation, and pleasure while utilizing fee-based services offered by businesses, plays a vital role in the success of sightseeing and transportation activities. This is due to sightseeing and transportation enabling tourists to explore and experience a large portion of the tourist spots. Thus, heightened tourism is projected to stimulate the sightseeing transportation and support activities for the transportation market. For example, the United Nations World Tourism Organization, an international organization based in the US that advocates tourism, reported that the worldwide international tourist arrivals in 2022 escalated to 917 million. This was an increase from 454.8 million arrivals in 2021, marking a growth of 101.6% from 2021. Therefore, the surge in tourism is significantly contributing to the expansion of sightseeing transportation and support activities for the transportation market.
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What Trends Will Shape the Sightseeing Transport And Support Activities For Transport Market Through 2029 and Beyond?
The emergence of innovative technologies is gradually becoming a dominant trend in the sightseeing transportation and support activities for transport industry. Major businesses within this sector are heavily focusing on the development of cutting-edge solutions to consolidate their market standing. In a significant development in November 2022, the Beijing Institute of Technology Chongqing Innovation Center, an R&D institution from China, unveiled the world's first manned two-seat split-type smart flying vehicle. This vehicle, designed for logistical support, urgent rescue situations, sightseeing, and more, allows the cockpit to be controlled using a human-machine interaction system embedded in a smart sensor. This system ties the aircraft and the chassis together, deploying location awareness, route scheduling, and drive management for transitions between ground driving and airborne flight. The autonomous chassis employs a general controller for action control including driving, steering, and self-directed operations. Its top speed stands at 80 kilometers per hour, supporting a load beyond 500 kilograms. The three-module split-type design promises a dynamic shift from aerial to terrestrial mobility and vice versa.
What Are the Main Segments in the Sightseeing Transport And Support Activities For Transport Market?
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 Top Companies are Driving Growth 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.
Which Regions Will Dominate the Sightseeing Transport And Support Activities For Transport Market Through 2029?
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
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