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Adventure Tourism Market Analysis and In-Depth Research on Market Dynamics, Trends, Emerging Growth Factors and Forecasts to 2023

Adventure Tourism Market Analysis and In-Depth Research on Market Dynamics, Trends, Emerging Growth Factors and Forecasts to 2023

Adventure tourism is defined as travelling outside a person’s regular environment. Adventure travel may involve various adventurous activities such as caving, climbing, cycling, hiking, hunting, rafting, and others. Tourism is one of the most rapidly growing sectors, while adventure tourism is one of its fastest growing segments.

The Adventure Tourism Market report gives a well-defined perspective of the market alongside the development rate and the future market prospect. Assist the report covers market potential and preferred standpoint, opportunity and challenge and risks which is extremely helpful from the business perspective.

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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 substantial boom in the travel and tourism sector fosters the growth for adventure tourism market.

Key Players this report covers: 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, Abercrombie & Kent Group of Companies S.A.

The growth of adventure tourism is driven by increase in government initiatives to promote tourism  However, risk involved in adventure travelling and unpredictable weather conditions are few major challenges to the adventure tourism industry. Conversely, increase in social media trend has created lucrative opportunity for adventure service providers, as Facebook has become the most preferred social network among travelers.

The market is segmented on the basis of type, activity, type of travelers, age group, sales channel, and geography. By type, the market has been classified into hard, soft, and others. By activity, the market has been divided into land-based activity, water-based activity, and air-based activity. By type of travelers, the market has been segmented into solo, friends/group, couple, and family.

KEY MARKET SEGMENTS

By Type

  • Hard
  • Soft
  • Others

By Activity

  • Land Based Activity
  • Water Based Activity
  • Air Based Activity

By Type of Travelers

  • Solo
  • Friends/Group
  • Couple
  • Family
  • By Age Group
  • Below 30 Years
  • 30 to 41 Years
  • 42 to 49 Years
  • 50 Years & Above

By Sales Channel

  • Travel Agent
  • Direct

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KEY MARKET BENEFITS FOR STAKEHOLDERS

  • 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.

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