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.
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
Europe
Germany Switzerland Norway Italy Rest of Europe
Asia-Pacific
China India Japan Australia New Zealand Rest of Asia-Pacific
LAMEA
Latin America Middle East Africa
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