Adventure Tourism Market Growth, Size, Trends, Share, Demand, Revenue and Future Outlook
Global Adventure Tourism Market Size- By Type, By Activity, By Type of Traveller, By Booking Mode, By Age Group- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Apr-2023 | Report ID: TRAT2306 | Pages: 1 - 234 | Formats*: |
| Category : Travel & Tourism | |||
Global Adventure Tourism Market Overview
According to SPER Market Research, the Global Adventure Tourism Market is estimated to reach USD 1374.20 billion by 2033 with a CAGR of 15.70%.
Adventure tourism refers to the travel and exploration activities that involve individuals moving from one place to another for the purpose of experiencing thrilling and adventurous endeavours. It encompasses a wide range of exciting activities, such as trekking, climbing, scuba diving, rafting, camping, skiing, hiking, bungee jumping, and paragliding. These activities can be classified into two types: hard adventure, which requires advanced skills and professional guidance, and soft adventure, which can be enjoyed by individuals with basic skills. This form of tourism is considered a leisure activity and typically takes place in unique, remote, exotic, or wild destinations. It not only provides excitement and a sense of danger and risk but also allows individuals to experience contrasting emotions and encourages physical fitness. Moreover, adventure tourism plays a significant role in supporting local communities and contributes to generating substantial foreign exchange between countries.
Exploring the Growth Drivers of the Global Adventure Tourism Industry.
The adventure tourism market is experiencing growth driven by several factors. One key factor is the increased demand for adventure tourism, which has been facilitated by reduced prices of air travel and accommodation services globally. Additionally, there is a growing preference for sustainable adventure tourism among travellers, which is contributing to a positive market outlook. Furthermore, there is a rising desire among individuals for authentic and personalized travel experiences, leading to a shift from traditional mass tourism to adventure tourism. The market is also benefiting from the trend of exploring new destinations, supported by the rising income levels of individuals worldwide. Governments of various countries are encouraging the development of adventure tourism as it creates employment opportunities and boosts foreign exchange earnings, further driving market growth. Travel agencies are launching user-friendly websites and mobile applications that simplify vacation planning, booking, and provide virtual tours, thus enhancing the accessibility and popularity of adventure tourism.
What challenges does the Global Adventure Tourism Market face?
The growth of the adventure tourism market is facing challenges due to several factors. Unforeseen climate changes and environmental degradation resulting from the irresponsible behaviour of travelers are slowing down the industry's progress. Additionally, the preservation of culture and language is under threat within the adventure tourism sector. Rising travel costs to specific destinations and volatile geopolitical situations also hinder the development of the adventure tourism market. Moreover, the lack of commitment to sustainable and environmentally friendly practices by some travelers and tourism operators further compounds the challenges. Some operators fail to deliver the promised services, leaving travelers confused and stressed. Another constraint on the growth of the adventure tourism industry is the absence of adequate security measures incorporated into adventure tourism packages.
In what ways has the COVID-19 pandemic affected Global Adventure Tourism Market?
The adventure travel and tourism sector has been heavily affected by the global COVID-19 outbreak. Measures taken to contain and mitigate the spread of the virus have had a significant adverse impact on travel and tourism worldwide. Although countries are gradually easing restrictions, there remains a high risk of sudden changes to air travel, visa requirements, quarantine policies, and long-lasting effects on traveler confidence, particularly among older and more affluent tourists. The financial and social consequences of the pandemic are likely to leave tourism-dependent countries significantly affected, leading to a "new normal" post-pandemic.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By Activity, By Type of Traveller, By Booking Mode, By Age Group |
| Regions covered | Asia-Pacific, Europe, the Middle East and Africa, North America, and Latin America |
| Companies Covered | Austin Adventures, Inc., Butterfield & Robinson Inc., Cox & Kings Ltd., Discovery Nomads, G Adventures, Geographic Expeditions Inc., Intrepid Group, Itd., Mountain Travel Sobek, Tui Group, Others |
Key Target Audience:
- Adventure Seekers
- Cultural Explorers
- Eco-Tourists
- Family Travelers
- Nature Enthusiasts
- Outdoor Sports Enthusiasts
- Solo Travelers and Backpackers
Global Adventure Tourism Market Segmentation:
1. By Type:
- Global Adventure Tourism Market Value Share and Forecast, By Type, 2023-2033
- Hard
- Soft
- Others
2. By Activity:
- Global Adventure Tourism Market Value Share and Forecast, By Activity, 2023-2033
- Air-based Activity
- Land-based Activity
- Water-based Activity
3. By Type of Traveller:
- Global Adventure Tourism Market Value Share and Forecast, By Type of Traveller, 2023-2033
- Couples
- Family
- Friends/Groups
- Solo
4. By Booking Mode:
- Global Adventure Tourism Market Value Share and Forecast, By Booking Mode, 2023-2033
- Direct
- Marketplace Booking
- Travel Agent
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Global Adventure Tourism Market Size (FY’2023-FY’2033)
- Overview of Global Adventure Tourism Market
- Segmentation of Global Adventure Tourism Market By Type (Hard, Soft, Others)
- Segmentation of Global Adventure Tourism Market By Activity (Air-based Activity, Land-based Activity, Water-based Activity)
- Segmentation of Global Adventure Tourism Market By Type of Traveller (Couples, Family, Friends/Groups, Solo)
- Segmentation of Global Adventure Tourism Market By Booking Mode (Direct, Marketplace Booking, Travel Agent)
- Segmentation of Global Adventure Tourism Market By Age Group (Below 30 years, 30–41 years, 42–49 years, 50 years and above)
- Statistical Snap of Global Adventure Tourism Market
- Growth Analysis of Global Adventure Tourism Market
- Problems and Challenges in Global Adventure Tourism Market
- Competitive Landscape in the Global Adventure Tourism Market
- Impact of COVID-19 and Demonetization on Global Adventure Tourism Market
- Details on Recent Investment in Global Adventure Tourism Market
- Competitive Analysis of Global Adventure Tourism Market
- Key Players in the Global Adventure Tourism Market
- SWOT Analysis of Global Adventure Tourism Market
- Global Adventure Tourism Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Adventure Tourism Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Adventure Tourism Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Adventure Tourism Market
7. Global Adventure Tourism Market, By Type (USD Million)
7.1. Global Adventure Tourism Market Value Share and Forecast, By Type, 2023-20337.2. Hard7.3. Soft7.4. Others
8. Global Adventure Tourism Market, By Activity (USD Million)
8.1. Global Adventure Tourism Market Value Share and Forecast, By Activity, 2023-2033
8.2. Air-based Activity
8.3. Land-based Activity8.3.1. Camping8.3.2. Jungle Safari8.3.3. Trekking and Mountain Climbing8.4. Water-based Activity
9. Global Adventure Tourism Market, By Type of Traveller (USD Million)
9.1. Global Adventure Tourism Market Value Share and Forecast, By Type of Traveller, 2023-20339.2. Couples9.3. Family9.4. Friends/Groups9.5. Solo
10. Global Adventure Tourism Market, By Booking Mode (USD Million)
10.1. Global Adventure Tourism Market Value Share and Forecast, By Booking Mode, 2023-203310.2. Direct10.3. Marketplace Booking10.4. Travel Agent
11. Global Adventure Tourism Market, By Age Group (USD Million)
11.1. Global Adventure Tourism Market Value Share and Forecast, By Age Group, 2023-203311.2. Below 30 years11.3. 30–41 years11.4. 42–49 years11.5. 50 years and above
12. Global Adventure Tourism Market Forecast, 2019-2033 (USD Million)
12.1. Global Adventure Tourism Market Size and Market Share
13. Global Adventure Tourism Market, By Type, 2019-2033 (USD Million)
13.1. Global Adventure Tourism Market Size and Market Share By Type (2019-2026)13.2. Global Adventure Tourism Market Size and Market Share By Type (2027-2033)
14. Global Adventure Tourism Market, By Activity, 2019-2033 (USD Million)
14.1. Global Adventure Tourism Market Size and Market Share By Activity (2019-2026)14.2. Global Adventure Tourism Market Size and Market Share By Activity (2027-2033)
15. Global Adventure Tourism Market, By Type of Traveller, 2019-2033 (USD Million)
15.1. Global Adventure Tourism Market Size and Market Share By Type of Traveller (2019-2026)15.2. Global Adventure Tourism Market Size and Market Share By Type of Traveller (2027-2033)
16. Global Adventure Tourism Market, By Booking Mode, 2019-2033 (USD Million)
16.1. Global Adventure Tourism Market Size and Market Share By Booking Mode (2019-2026)16.2. Global Adventure Tourism Market Size and Market Share By Booking Mode (2027-2033)
17. Global Adventure Tourism Market, By Age Group, 2019-2033 (USD Million)
17.1. Global Adventure Tourism Market Size and Market Share By Age Group (2019-2026)17.2. Global Adventure Tourism Market Size and Market Share By Age Group (2027-2033)
18. Global Adventure Tourism Market, By Region, 2019-2033 (USD Million)
18.1. Global Adventure Tourism Market Size and Market Share By Region (2019-2026)18.2. Global Adventure Tourism Market Size and Market Share By Region (2027-2033)18.3. Asia-Pacific18.3.1. Australia18.3.2. China18.3.3. India18.3.4. Japan18.3.5. South Korea18.3.6. Rest of Asia-Pacific18.4. Europe18.4.1. France18.4.2. Germany18.4.3. Italy18.4.4. Spain18.4.5. United Kingdom18.4.6. Rest of Europe18.5. Middle East and Africa18.5.1. Kingdom of Saudi Arabia18.5.2. United Arab Emirates18.5.3. Rest of Middle East & Africa18.6. North America18.6.1. Canada18.6.2. Mexico18.6.3. United States18.7. Latin America18.7.1. Argentina18.7.2. Brazil18.7.3. Rest of Latin America
19. Company Profile
19.1. Austin Adventures, Inc.19.1.1. Company details19.1.2. Financial outlook19.1.3. Product summary19.1.4. Recent developments19.2. Butterfield & Robinson Inc.19.2.1. Company details19.2.2. Financial outlook19.2.3. Product summary19.2.4. Recent developments19.3. Cox & Kings Ltd.19.3.1. Company details19.3.2. Financial outlook19.3.3. Product summary19.3.4. Recent developments19.4. Discovery Nomads19.4.1. Company details19.4.2. Financial outlook19.4.3. Product summary19.4.4. Recent developments19.5. G Adventures19.5.1. Company details19.5.2. Financial outlook19.5.3. Product summary19.5.4. Recent developments19.6. Geographic Expeditions Inc.19.6.1. Company details19.6.2. Financial outlook19.6.3. Product summary19.6.4. Recent developments19.7. Intrepid Group, Itd.19.7.1. Company details19.7.2. Financial outlook19.7.3. Product summary19.7.4. Recent developments19.8. Mountain Travel Sobek19.8.1. Company details19.8.2. Financial outlook19.8.3. Product summary19.8.4. Recent developments19.9. Tui Group19.9.1. Company details19.9.2. Financial outlook19.9.3. Product summary19.9.4. Recent developments19.10. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Adventure Tourism Market grew in market size from 2023. The Market is expected to reach USD 1374.20 billion by 2033, at a CAGR of 15.70% during the forecast period.
Adventure Tourism Market CAGR of 15.70% during the forecast period.
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Adventure Tourism Market size is USD 1374.20 billion from 2023 to 2033.
Adventure Tourism Market Segment is Covered By Product Category, By Type, By Activity, By Group, By Booking Mode, By Age Group
The North America region is anticipated to have the highest market share in Adventure Tourism Market.
Adventure Tourism Market is projected to reach USD 1374.20 billion by 2033, growing at a CAGR of 15.70% during the forecast period.
The key players in the market include Companies Covered Austin Adventures, Inc., Butterfield & Robinson Inc., Cox & Kings Ltd., Discovery Nomads, G Adventures, Geographic Expeditions Inc., Intrepid Group, Itd., Mountain Travel Sobek, Tui Group
Asia-Pacific is one of the most popular vacation destinations because of its beautiful landscapes, delectable cuisine, and convenient lodging options.
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