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 report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Adventure Tourism Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Adventure Tourism Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. 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, 2023-2033
7.2. Hard
7.3. Soft
7.4. 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. Camping
8.3.2. Jungle Safari
8.3.3. Trekking and Mountain Climbing
8.4. 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, 2023-2033
9.2. Couples
9.3. Family
9.4. Friends/Groups
9.5. Solo
10. Global Adventure Tourism Market, By Booking Mode (USD Million)
10.1. Global Adventure Tourism Market Value Share and Forecast, By Booking Mode, 2023-2033
10.2. Direct
10.3. Marketplace Booking
10.4. 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, 2023-2033
11.2. Below 30 years
11.3. 30–41 years
11.4. 42–49 years
11.5. 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-Pacific
18.3.1. Australia
18.3.2. China
18.3.3. India
18.3.4. Japan
18.3.5. South Korea
18.3.6. Rest of Asia-Pacific
18.4. Europe
18.4.1. France
18.4.2. Germany
18.4.3. Italy
18.4.4. Spain
18.4.5. United Kingdom
18.4.6. Rest of Europe
18.5. Middle East and Africa
18.5.1. Kingdom of Saudi Arabia
18.5.2. United Arab Emirates
18.5.3. Rest of Middle East & Africa
18.6. North America
18.6.1. Canada
18.6.2. Mexico
18.6.3. United States
18.7. Latin America
18.7.1. Argentina
18.7.2. Brazil
18.7.3. Rest of Latin America
19. Company Profile
19.1. Austin Adventures, Inc.
19.1.1. Company details
19.1.2. Financial outlook
19.1.3. Product summary
19.1.4. Recent developments
19.2. Butterfield & Robinson Inc.
19.2.1. Company details
19.2.2. Financial outlook
19.2.3. Product summary
19.2.4. Recent developments
19.3. Cox & Kings Ltd.
19.3.1. Company details
19.3.2. Financial outlook
19.3.3. Product summary
19.3.4. Recent developments
19.4. Discovery Nomads
19.4.1. Company details
19.4.2. Financial outlook
19.4.3. Product summary
19.4.4. Recent developments
19.5. G Adventures
19.5.1. Company details
19.5.2. Financial outlook
19.5.3. Product summary
19.5.4. Recent developments
19.6. Geographic Expeditions Inc.
19.6.1. Company details
19.6.2. Financial outlook
19.6.3. Product summary
19.6.4. Recent developments
19.7. Intrepid Group, Itd.
19.7.1. Company details
19.7.2. Financial outlook
19.7.3. Product summary
19.7.4. Recent developments
19.8. Mountain Travel Sobek
19.8.1. Company details
19.8.2. Financial outlook
19.8.3. Product summary
19.8.4. Recent developments
19.9. Tui Group
19.9.1. Company details
19.9.2. Financial outlook
19.9.3. Product summary
19.9.4. Recent developments
19.10. Others
20. List of Abbreviations
21. Reference Links
22. Conclusion
23. Research Scope