December 7, 2022

Adventure Tourism Market Report by Technavio predicts USD 2.50 Tn growth — Driven by increasing disposable incomes

11 min read
Adventure Tourism Market Report by Technavio predicts USD 2.50 Tn growth — Driven by increasing disposable incomes

NEW YORK, Sept. 5, 2022 /PRNewswire/ — The adventure tourism market has grown substantially over the years. To estimate the size of the market, Technavio has tracked the recent trends and developments in the adventure tourism market. The analysts at Technavio have considered various aspects such as the consumer base, adoption rate, average selling price, revenue generated by vendors, and various other factors to estimate the market size. Download Sample PDF Report Here to get an idea of the overall scope of the full report.

The report on the adventure tourism market by Technavio expects the market size to increase at a CAGR of 38.87% and register an incremental growth of USD 2.50 trillion between 2021 and 2026. However, the growth forecast could be missed with the market growing slower than expected if the following factors come into play: low penetration rate in developing economies and fluctuations in weather patterns and seasonality variation.

According to Technavio, the growth of the market is primarily driven by increasing disposable incomes.

The disposable income of people across the globe has increased significantly over recent years. It can be attributed to factors such as the rise in dual household income, per capita income, and rapid growth in employment rates. These factors have increased the spending power of consumers which is driving the demand for luxurious travel to different destinations across the world, thereby driving the growth of the market in focus.

“Rising number of soft adventure sports enthusiasts and the launch of low-cost airlines will further accelerate the growth of the market”, says an analyst at Technavio.

The global adventure tourism market is highly fragmented due to the presence of several global, regional, and local players competing with each other. Key players in the global adventure tourism market have relied on strategies such as product launches and business expansion to expand their market share and stay relevant in the global adventure tourism market. The key players in the market include Abercrombie and Kent USA LLC, Austin Adventures, Butterfield and Robinson Inc., G Adventures, and others.

The global adventure tourism market has many significant players. These players are profusely working on product advancements with plans of launching new trip destinations to ensure market growth. For instance, in January 2020, Austin Adventures, a pioneer multisport and family adventure travel company, offered eighty-plus trips across all seven continents, including a trip for every month in a year. The past activities in adventure tourism, recent developments along with futuristic advancements in adventure tourism activities will contribute to the overall growth of the global adventure tourism market.

The report breaks down the market into the following segments:

  • Type: domestic adventure tourism and international adventure tourism
  • Source: indirect contribution, direct contribution, and induced contribution
  • Geography: Europe, APAC, North America, South America, and the Middle East and Africa

Based on the type, the domestic adventure tourism segment is expected to create more revenue in the market. The segment is driven by favorable government regulations, the absence of currency exchange rates, and familiarity with the culture and language.

Similarly, by source, the market is expected to witness significant growth in the indirect contribution segment growth during the forecast period. The segment is driven by increasing government spending in the travel and tourism sectors.

In terms of region, APAC will emerge as the dominant region, occupying 31% of the global market share. The regional market is driven by the increased eagerness among people to travel and growing economic prosperity.

The complete report on the global adventure tourism market offers detailed insights into the potential business segments and regions to invest in over the forecast period. Before making the purchase, we recommend reading our Sample PDF Report.

The adventure tourism market report answers questions such as:

  • Is the market structure fragmented or concentrated?
  • What was the market size in 2021 and the forecast for the adventure tourism market through 2026?
  • Which are the best product segment areas to invest in over the forecast period?
  • What is the market share of dominant and strong vendors in the adventure tourism market?
  • What are the inhibiting factors and the impact of COVID-19 on the adventure tourism market growth?
  • What are the latest trends and regulatory frameworks in the adventure tourism market?

Got more queries? Speak to our analyst now

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Adventure Tourism Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 38.87%

Market growth 2022-2026

USD 2.50 trillion

Market structure

Fragmented

YoY growth (%)

24.26

Regional analysis

Europe, APAC, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 31%

Key consumer countries

US, China, Japan, Germany, Italy, US, China, Japan, Germany, and Italy

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Abercrombie and Kent USA LLC, Austin Adventures, BikeHike Adventures Inc., BOUNDLESS JOURNEYS, Butterfield and Robinson Inc., Exodus Travels Ltd., Explore Worldwide Ltd., G Adventures, Geographic Expeditions Inc., Intrepid Group, Kensington Tours Ltd., Lindblad Expeditions Holdings Inc., MT Sobek, Passages Exotic Expeditions Ltd, Recreational Equipment Inc., ROW Adventures, The Walt Disney Co., Trafalgar Tours Pty Ltd, Travelopia, and TUI AG

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data you are looking for, you can reach out to our analysts and get customized segments.

Table Of Contents:

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Source
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 14: Chart on Global – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 15: Data Table on Global – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 18: Five forces analysis – Comparison between2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 24: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by Type

  • 5.1 Market segments
    • Exhibit 25: Chart on Type – Market share 2021-2026 (%)
    • Exhibit 26: Data Table on Type – Market share 2021-2026 (%)
  • 5.2 Comparison by Type
    • Exhibit 27: Chart on Comparison by Type
    • Exhibit 28: Data Table on Comparison by Type
  • 5.3 Domestic adventure tourism – Market size and forecast 2021-2026
    • Exhibit 29: Chart on Domestic adventure tourism – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 30: Data Table on Domestic adventure tourism – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 31: Chart on Domestic adventure tourism – Year-over-year growth 2021-2026 (%)
    • Exhibit 32: Data Table on Domestic adventure tourism – Year-over-year growth 2021-2026 (%)
  • 5.4 International adventure tourism – Market size and forecast 2021-2026
    • Exhibit 33: Chart on International adventure tourism – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 34: Data Table on International adventure tourism – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 35: Chart on International adventure tourism – Year-over-year growth 2021-2026 (%)
    • Exhibit 36: Data Table on International adventure tourism – Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Type
    • Exhibit 37: Market opportunity by Type ($ billion)

6 Market Segmentation by Source

  • 6.1 Market segments
    • Exhibit 38: Chart on Source – Market share 2021-2026 (%)
    • Exhibit 39: Data Table on Source – Market share 2021-2026 (%)
  • 6.2 Comparison by Source
    • Exhibit 40: Chart on Comparison by Source
    • Exhibit 41: Data Table on Comparison by Source
  • 6.3 Indirect contribution – Market size and forecast 2021-2026
    • Exhibit 42: Chart on Indirect contribution – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 43: Data Table on Indirect contribution – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 44: Chart on Indirect contribution – Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on Indirect contribution – Year-over-year growth 2021-2026 (%)
  • 6.4 Direct contribution – Market size and forecast 2021-2026
    • Exhibit 46: Chart on Direct contribution – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 47: Data Table on Direct contribution – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 48: Chart on Direct contribution – Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Direct contribution – Year-over-year growth 2021-2026 (%)
  • 6.5 Induced contribution – Market size and forecast 2021-2026
    • Exhibit 50: Chart on Induced contribution – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 51: Data Table on Induced contribution – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 52: Chart on Induced contribution – Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on Induced contribution – Year-over-year growth 2021-2026 (%)
  • 6.6 Market opportunity by Source
    • Exhibit 54: Market opportunity by Source ($ billion)

7 Customer Landscape

  • 7.1 Customer landscape overview
    • Exhibit 55: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

  • 8.1 Geographic segmentation
    • Exhibit 56: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 57: Data Table on Market share by geography 2021-2026 (%)
  • 8.2 Geographic comparison
    • Exhibit 58: Chart on Geographic comparison
    • Exhibit 59: Data Table on Geographic comparison
  • 8.3 Europe – Market size and forecast 2021-2026
    • Exhibit 60: Chart on Europe – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 61: Data Table on Europe – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 62: Chart on Europe – Year-over-year growth 2021-2026 (%)
    • Exhibit 63: Data Table on Europe – Year-over-year growth 2021-2026 (%)
  • 8.4 APAC – Market size and forecast 2021-2026
    • Exhibit 64: Chart on APAC – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 65: Data Table on APAC – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 66: Chart on APAC – Year-over-year growth 2021-2026 (%)
    • Exhibit 67: Data Table on APAC – Year-over-year growth 2021-2026 (%)
  • 8.5 North America – Market size and forecast 2021-2026
    • Exhibit 68: Chart on North America – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 69: Data Table on North America – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 70: Chart on North America – Year-over-year growth 2021-2026 (%)
    • Exhibit 71: Data Table on North America – Year-over-year growth 2021-2026 (%)
  • 8.6 South America – Market size and forecast 2021-2026
    • Exhibit 72: Chart on South America – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 73: Data Table on South America – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 74: Chart on South America – Year-over-year growth 2021-2026 (%)
    • Exhibit 75: Data Table on South America – Year-over-year growth 2021-2026 (%)
  • 8.7 Middle East and Africa – Market size and forecast 2021-2026
    • Exhibit 76: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 77: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 78: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
    • Exhibit 79: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
  • 8.8 US – Market size and forecast 2021-2026
    • Exhibit 80: Chart on US – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 81: Data Table on US – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 82: Chart on US – Year-over-year growth 2021-2026 (%)
    • Exhibit 83: Data Table on US – Year-over-year growth 2021-2026 (%)
  • 8.9 China – Market size and forecast 2021-2026
    • Exhibit 84: Chart on China – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 85: Data Table on China – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 86: Chart on China – Year-over-year growth 2021-2026 (%)
    • Exhibit 87: Data Table on China – Year-over-year growth 2021-2026 (%)
  • 8.10 Germany – Market size and forecast 2021-2026
    • Exhibit 88: Chart on Germany – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 89: Data Table on Germany – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 90: Chart on Germany – Year-over-year growth 2021-2026 (%)
    • Exhibit 91: Data Table on Germany – Year-over-year growth 2021-2026 (%)
  • 8.11 Italy – Market size and forecast 2021-2026
    • Exhibit 92: Chart on Italy – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 93: Data Table on Italy – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 94: Chart on Italy – Year-over-year growth 2021-2026 (%)
    • Exhibit 95: Data Table on Italy – Year-over-year growth 2021-2026 (%)
  • 8.12 Japan – Market size and forecast 2021-2026
    • Exhibit 96: Chart on Japan – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 97: Data Table on Japan – Market size and forecast 2021-2026 ($ billion)
    • Exhibit 98: Chart on Japan – Year-over-year growth 2021-2026 (%)
    • Exhibit 99: Data Table on Japan – Year-over-year growth 2021-2026 (%)
  • 8.13 Market opportunity by geography
    • Exhibit 100: Market opportunity by geography ($ billion)

9 Drivers, Challenges, and Trends

  • 9.3 Impact of drivers and challenges
    • Exhibit 101: Impact of drivers and challenges in 2021 and 2026

10 Vendor Landscape

  • 10.2 Vendor landscape
    • Exhibit 102: Overview on Criticality of inputs and Factors of differentiation
  • 10.3 Landscape disruption
    • Exhibit 103: Overview on factors of disruption
  • 10.4 Industry risks
    • Exhibit 104: Impact of key risks on business

11 Vendor Analysis

  • 11.1 Vendors covered
    • Exhibit 105: Vendors covered
  • 11.2 Market positioning of vendors
    • Exhibit 106: Matrix on vendor position and classification
  • 11.3 Abercrombie and Kent USA LLC
    • Exhibit 107: Abercrombie and Kent USA LLC – Overview
    • Exhibit 108: Abercrombie and Kent USA LLC – Product / Service
    • Exhibit 109: Abercrombie and Kent USA LLC – Key offerings
  • 11.4 Austin Adventures
    • Exhibit 110: Austin Adventures – Overview
    • Exhibit 111: Austin Adventures – Product / Service
    • Exhibit 112: Austin Adventures – Key offerings
  • 11.5 Butterfield and Robinson Inc.
    • Exhibit 113: Butterfield and Robinson Inc. – Overview
    • Exhibit 114: Butterfield and Robinson Inc. – Product / Service
    • Exhibit 115: Butterfield and Robinson Inc. – Key offerings
  • 11.6 G Adventures
    • Exhibit 116: G Adventures – Overview
    • Exhibit 117: G Adventures – Product / Service
    • Exhibit 118: G Adventures – Key offerings
  • 11.7 Intrepid Group
    • Exhibit 119: Intrepid Group – Overview
    • Exhibit 120: Intrepid Group – Product / Service
    • Exhibit 121: Intrepid Group – Key offerings
  • 11.8 Lindblad Expeditions Holdings Inc.
    • Exhibit 122: Lindblad Expeditions Holdings Inc. – Overview
    • Exhibit 123: Lindblad Expeditions Holdings Inc. – Business segments
    • Exhibit 124: Lindblad Expeditions Holdings Inc. – Key offerings
    • Exhibit 125: Lindblad Expeditions Holdings Inc. – Segment focus
  • 11.9 MT Sobek
    • Exhibit 126: MT Sobek – Overview
    • Exhibit 127: MT Sobek – Product / Service
    • Exhibit 128: MT Sobek – Key offerings
  • 11.10 Recreational Equipment Inc.
    • Exhibit 129: Recreational Equipment Inc. – Overview
    • Exhibit 130: Recreational Equipment Inc. – Product / Service
    • Exhibit 131: Recreational Equipment Inc. – Key offerings
  • 11.11 The Walt Disney Co.
    • Exhibit 132: The Walt Disney Co. – Overview
    • Exhibit 133: The Walt Disney Co. – Business segments
    • Exhibit 134: The Walt Disney Co. – Key offerings
    • Exhibit 135: The Walt Disney Co. – Segment focus
  • 11.12 TUI AG
    • Exhibit 136: TUI AG – Overview
    • Exhibit 137: TUI AG – Business segments
    • Exhibit 138: TUI AG – Key offerings
    • Exhibit 139: TUI AG – Segment focus

12 Appendix

  • 12.2 Inclusions and exclusions checklist
    • Exhibit 140: Inclusions checklist
    • Exhibit 141: Exclusions checklist
  • 12.3 Currency conversion rates for US$
    • Exhibit 142: Currency conversion rates for US$
  • 12.4 Research methodology
    • Exhibit 143: Research methodology
    • Exhibit 144: Validation techniques employed for market sizing
    • Exhibit 145: Information sources
  • 12.5 List of abbreviations
    • Exhibit 146: List of abbreviations
  • -By ride type: Water rides: Include a water slide, water pool, water coaster, inflatable floats, speed slide, inner tubing rides, lazy river, and leisure rides;

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
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Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio

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