According to the latest report by IMARC Group, titled “Adventure Tourism Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global adventure tourism market size reached US$ 852.4 Billion in 2021. Looking forward, the Adventure Tourism Market is expected to grow at a CAGR of 20.23% during the forecast period 2022-2027.
Adventure tourism represents a form of traveling to exotic and remote places for the natural environment, cultural immersion, physical activities, etc. It generally involves climbing, cycling, caving, hiking, hunting, rafting, etc. Adventure tourism encourages travelers to interact with the local people and connect with their core values in the process. Furthermore, it offers economical and effective incentives to enhance biocultural diversity while generating financial benefits for private and domestic industries. Presently, adventure tourism is gaining widespread traction over conventional mass tourism as it supports economies, is resilient, encourages sustainable practices, etc.
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Global Adventure Tourism Market Trends:
The growing demand for authentic and personalized traveling experiences, on account of the elevating levels of urbanization and disposable incomes of consumers, is primarily driving the adventure tourism market. Besides this, the inflating popularity of video blogging on numerous platforms, including Facebook, Instagram, Twitter, etc., is encouraging individuals to travel to offbeat places, which is further augmenting the market growth. Moreover, the rising consumer concerns towards the adverse effects of conventional tourism, such as soil erosion, natural habitat loss, widespread pollution, etc., are acting as significant growth-inducing factors. Apart from this, the launch of several favorable policies by government bodies to create domestic employment opportunities and promote community development practices is also propelling the global market. Additionally, the introduction of fast and mobile-friendly websites that allow peer reviews, cater to 360-degree video tours, aid customers in making informed booking decisions, etc., is anticipated to fuel the adventure tourism market over the forecasted period.
Adventure Tourism Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the global adventure tourism market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
Abercrombie & Kent USA LLC
Austin Adventures Inc
Butterfield & Robinson Inc
Cox & Kings Ltd
Discovery Nomads
G Adventures
Geographic Expeditions Inc
Intrepid Group Limited
Mountain Travel Sobek
Recreational Equipment Inc
ROW Adventures
TUI AG.
Key Market Segmentation:
Breakup by Type:
Hard Adventure
Soft Adventure
Breakup by Activity:
Land-based Activity
Water-based Activity
Air-based Activity
Breakup by Age Group:
Below 30 Years
30-41 Years
42-49 Years
50 Years and Above
Breakup by Sales Channel:
Travel Agent
Direct
Breakup by Region:
North America
Asia Pacific
Europe
Latin America
Middle East and Africa
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Key Highlights of the Report:
Market Performance (2016-2021)
Market Outlook (2022-2027)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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