Adventure Tourism Market Size 2023-2028 | Trends, Growth, Opportunity and Forecast |

According to the latest report by IMARC Group, titled “Adventure Tourism Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” The study provides a detailed analysis of the industry, including the global adventure tourism market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

How big is the Adventure Tourism Market?

The global adventure tourism market size reached US$ 1,036 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3,001 Billion by 2028, exhibiting a growth rate (CAGR) of 19.6% during 2023-2028.

What is Adventure Tourism?

Adventure tourism encompasses an extensive range of thrilling activities such as trekking, climbing, scuba diving, rafting, camping, skiing, hiking, bungee jumping, and paragliding. It can be categorized into hard adventures, which require advanced skills and professional guidance, and soft adventures, which only require basic skills. Adventure tourism is a form of leisure activity that takes place in unique, remote, exotic, or untamed destinations. It not only supports local communities but also generates substantial foreign exchange between countries. Engaging in adventure tourism evokes a mixture of emotions, including excitement, danger, and risk, while promoting physical fitness. It contributes to increased confidence, happiness, and a sense of freshness among participants. Consequently, it is extensively practiced across the globe.

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Adventure Tourism Market Trends: 

The adventure tourism market is experiencing growth owing to the reduced prices of aviation and accommodation services across countries. Moreover, the shifting preference toward sustainable adventure tourism among travelers and the rising desire for authentic and personalized travel experiences are further augmenting the global market. Apart from this, the emerging trend of exploring new destinations and the inflating income levels of the masses are acting as significant growth-inducing factors.

Additionally, government bodies in various countries are encouraging the adoption of adventure tourism on account of its potential to create employment opportunities and generate foreign exchange, which is also positively influencing the market. Furthermore, the launch of user-friendly websites by travel agencies that facilitate online vacation planning, booking, and 360-degree video tours and the increasing influence of social media on individuals will bolster the adventure tourism market in the coming years.

Adventure Tourism Market 2023-2028 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 (2017-2022)
Market Outlook (2023-2028)
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.

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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