Adventure tourism Market to Reach $4.6 Trillion, Globally, by 2032 at 28.7% CAGR: Allied Market Research

Download Free Sample Report: https://www.alliedmarketresearch.com/request-sample/1604

 Prime determinants of growth

The global adventure tourism market is driven by factors such as growing pursuit of unique experiences to augment the tourism industry, evolving mobile applications, big data analytics, and artificial intelligence amidst proliferating tourism industry, and high penetration of the internet. However, an increase in terrorism and crime rate, political uncertainties, and natural calamities hamper the market growth. On the other hand, the emergence of social media and heavy investment in better infrastructure is presenting lucrative opportunities for market growth.

Report coverage & details:

Evolving mobile applications, big data analytics, and artificial intelligence together amidst

proliferating tourism industry

High penetration of the Internet

Heavy investment in better infrastructure

Covid-19 Scenario

Procure Complete Report (500 Pages PDF with Insights, Charts, Tables, and Figures): https://www.alliedmarketresearch.com/checkout-final/3f4f18c2f993281577634816c98007cc

The soft segment to maintain its leadership status throughout the forecast period.

Based on type, the soft segment dominated the market and accounted for more than half of the global adventure tourism market share in 2022 and is expected to retain its dominance during the adventure tourism market forecast period. This segment is also projected to manifest the highest CAGR of 28.9% from 2023 to 2032. Adventure travelers focus on less risky adventure activities and are more open to other elements such as the natural environment, learning, and meaningful lifelong experience. Older travelers occupy a major part of this segment mainly due to preference or safety issues.

The land-based activity segment is expected to maintain its lead position during the forecast period.

Based on activity the land-based activity segment dominated the market and accounted for around half of the global adventure tourism market in 2022 and is expected to retain its dominance during the forecast period since, land-based activities are often easier and require less monetary investment from the travelers. However, the air-based activity segment is projected to manifest the highest CAGR of 29.2% from 2023 to 2032. The segment has gained popularity, as it provides people with the adventurous experience of flying and thrill.

The direct segment to maintain its lead position during the forecast period

Based on sales channel, the direct segment accounts for nearly three-fifths of the global adventure tourism market and is expected to retain its dominance during the adventure tourism market forecast period. This segment is also projected to manifest the highest CAGR of 28.9% from 2023 to 2032 owing to the increase in the ease of making travel arrangements due to improvements in technology. Moreover, this form of booking allows travelers to save a significant amount of money, which further boosts the attractiveness of this mode of booking. 

Europe to maintain its lead position during the forecast period

Based on region, Europe accounts for more than one-third of the global adventure tourism market and is expected to retain its dominance during the forecast period. The key factor supporting the growth of adventure travel in Europe is its rich diversity. This region includes numerous historically important nations, cultures, languages, and varieties of cuisine.  However, Asia-Pacific is projected to manifest the highest CAGR of 29.9% from 2023 to 2032 since, the region offers diverse activities such as wildlife reserves and national parks such as Sundarbans in India, Mt. Everest in Nepal, rain forests in Borneo, and whale watching & scouting kiwis in New Zealand to explore.

Enquire before buying: https://www.alliedmarketresearch.com/purchase-enquiry/1604

Leading Market Players: -

The report provides a detailed analysis of these key players in the global adventure tourism market. These players have adopted different strategies such as acquisition, partnerships, and new product launch to increase their market share and maintain dominant shares in Brazil. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Trending Reports in Consumer Goods Industry (Book Now with 10% Discount): 

About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: https://www.alliedmarketresearch.com/reports-store/consumer-goods

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/adventure-tourism-market-to-reach-4-6-trillion-globally-by-2032-at-28-7-cagr-allied-market-research-301827387.html