Adventure tourism market - Growth, 2023

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Global Opportunity Analysis And Industry Forecast, 2017-2023


The Global Adventure Tourism Market was valued at $444,850 million in 2016, and is projected to reach $1,335,738 million in 2023, registering a CAGR of 17.4 % from 2017 to 2023. The development of the travel & tourism sector fosters the growth for adventure

tourism market.

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Adventure tourism refers exploration or travel with a certain degree of risk faced during the vacation. Some of the activities involved during adventure tourism include caving, climbing, cycling, hiking, rafting, and other activities. Tourism is one of the most rapidly growing sectors, among which adventure tourism is one of its fastest growing segments. Based on travel market survey, America and Europe are the two leading regions in this market. Adventure tourism has grown exponentially worldwide over the past few years, as travelers are keen to visit undiscovered destinations. Moreover, with the significant increase in government initiatives in the form of public and private partnership to promote tourism has fueled the growth of the global adventure tourism market. However, risk involved in adventure travelling and unpredictable weather conditions restrain the market growth. Conversely, increase in social media trend is anticipated to provide a lucrative opportunity for the market growth, as Facebook has become the preferred social networking site among travelers to get the best travel deals.



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Major companies profiled in the report include Austin Adventures, Inc., G Adventures Inc., Mountain Travel Sobek, TUI AG., ROW Adventures, REI Adventures, InnerAsia Travel Group, Inc., Intrepid Group Limited, Butterfield & Robinson Management Services, Inc., and Abercrombie & Kent Group of Companies S.A.


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The study provides an in-depth analysis of the adventure tourism market with current and future trends to elucidate the imminent investment pockets in the market. The report provides information regarding key drivers, restraints, and opportunities with impact analysis. Porters Five Forces model analysis of the industry illustrates the potency of the buyers and suppliers. Market player positioning in the report provides a clear understanding of the position of leading companies.


By Age Group

By Sales Channel

Below 30 Years

Travel Agent

30-41 Years

Direct

By Type

By Activity

By Type of Travelers

Hard

Land-based Activity

Solo

Soft

Water-based Activity

Friends/Group

Others

Air-based Activity

Couple

42-49 Years

Family

50 Years & Above


North America   

U.S. Canada Mexico

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Europe     

Germany Switzerland Norway Italy Rest of Europe

Asia-Pacific

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China India Japan Australia New Zealand Rest of Asia-Pacific

LAMEA   

Latin America Middle East Africa


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