Press release
Hot Air Balloon Ride Equipment Market Set to Surge - Key Insights You Must Know
Hot Air Balloon Ride Equipment Market SizeThe global market for Hot Air Balloon Ride Equipment was estimated to be worth US$ 15 million in 2023 and is forecast to a readjusted size of US$ 20 million by 2030 with a CAGR of 4.6% during the forecast period 2024-2030
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In 2022, the gradual relaxation of epidemic prevention and control measures around the world will have a positive impact on the rapid recovery of the tourism industry. According to data from the World Tourism Organization, the number of global travelers exceeded 900 million in 2022, a two-fold increase compared to 2021. In 2022, international tourism revenue returned to the US$ 1 trillion, a real increase of 50% compared with 2021. According to data from the Ministry of Culture and Tourism of China, in 2022, the total number of domestic tourists was ¥ 2.53 billion, and the domestic tourism revenue (total tourism consumption) was ¥ 2 trillion.
By Type
• Hot Air Balloon
• Baskets
• Burners
By Application
• Tourism
• Anniversary Celebration
• Propose
• Team Building
• Family Entertainment
Key Companies
Ultramagic, Cameron Balloons, Lindstrand Technologies Ltd, Kubicek Balloons, Firefly Balloons, APEX Balloons
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