Industry Background:
Adventure travel is a type of tourism in which contains an exciting unusual level of risk. Adventure travel includes physical activity, cultural exchange, and activities in nature. Adventure travel is arranged through an agent or directly through the individual. Additionally, this may include activities such as mountaineering, trekking, bungee jumping, mountain biking, cycling, canoeing, scuba diving, rafting, kayaking, zip-lining, paragliding, hiking, exploring, sandboarding, caving, and rock climbing.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | TUI Group (Germany), Thomas Cook Group (United Kingdom), Jet2 Holidays (United Kingdom), Cox & Kings Ltd (India), Lindblad Expeditions (United States), Travcoa (United States), Scott Dunn (United Kingdom), Abercrombie & Kent Ltd (United States), Micato Safaris (United States) and Tauck (United States) |
According to AMA, the market for Adventure Travel - is expected to register a CAGR of 17.5% during the forecast period to 2028. This growth is primarily driven by Increasing Government Support to Adventure Travel and Attraction towards Promotion and Marketing of Adventure Travels.
Globally, a noticeable market trend is evident Rising Inclination Towards undiscovered Regions
The Tourism sector in the MEA region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as TUI Group (Germany), Thomas Cook Group (United Kingdom), Jet2 Holidays (United Kingdom), Cox & Kings Ltd (India), Lindblad Expeditions (United States), Travcoa (United States), Scott Dunn (United Kingdom), Abercrombie & Kent Ltd (United States), Micato Safaris (United States) and Tauck (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. Adventure Travel is a fragmented market due to the presence of a large number of established competitors. The key players focus on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions to help them sustain themselves in the market and maintain their competitive edge.
Key Developments in the Market:
On 5th October 2018, Travel services firm Thomas Cook India has acquired a 24% Share of Mumbai-based travel tech start-up 'TravelJunkie Solutions' by its arm TC Tours Ltd.
In January 2021, Jet2holidays launched an independent travel agent-only promotion where customers who book travel through an independent travel agent can enjoy a £110 discount per person on all package holidays.
Influencing Trend:
Rising Inclination Towards undiscovered Regions and Growing Social Media Trends Such as Facebook
Market Growth Drivers:
Increasing Government Support to Adventure Travel and Attraction towards Promotion and Marketing of Adventure Travels
Challenges:
Uncertain Environment Conditions and Growing Adoption of Luxury Tourism
Restraints:
Adventure Travelling Can Become Risky and Uncertain Weather Conditions
Opportunities:
Increasing Disposable Income
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Adventure Travel - Market
- Analysis about New Entrants in Adventure Travel - Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Adventure Travel - Study Sheds Light on
The Adventure Travel - Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Adventure Travel - industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Adventure Travel - industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.