About Adventure Tourism
Adventure tourism is the migration of individuals from one location to another outside their comfort zone for exploration or travel to far-flung, exotic, and probably hazardous locations. Travelling that involves activities like skydiving, mountain climbing, trekking, rafting, scuba diving, and other activities is referred to as adventure tourism. Typically, these tasks are carried out with the assistance of professionals and safety equipment to prevent accidents. Adventure tourism businesses can effectively market themselves in the ever-evolving travel landscape. Remember, the key is to focus on offering unique, authentic, and sustainable experiences that cater to the evolving needs and desires of modern adventure travelers.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Adventure Tourism market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Austin Lehman Adventures (United States), G Adventures (Canada, Mountain Travel Sobek (United States), TUI Group (Germany), Recreational Equipment, Inc. (United States), Geographic Expeditions, Inc. (United States), Intrepid Group Limited (Australia), Butterfield & Robinson Luxury Travel (United States), Abercrombie & Kent (United States) and ROW Adventures (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are TCS World Travel (United States), Lindblad Expeditions (United States), Oku Japan (Japan), Scott Dunn (United Kingdom) and Cox & Kings Ltd (India).
Segmentation Overview
AMA Research has segmented the market of Global Adventure Tourism market by Type (Hard Adventure and Soft Adventure) and Region.
On the basis of geography, the market of Adventure Tourism has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Booking Mode, the sub-segment i.e. Travel Agent will boost the Adventure Tourism market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Activity, the sub-segment i.e. Land-Based will boost the Adventure Tourism market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Age Group, the sub-segment i.e. Below 30 Years will boost the Adventure Tourism market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Popularity of Activities Like Mountaineering, Scuba Diving, & Paragliding
Market Growth Drivers:
Growing consumer interest in immersive tourism and Rising Disposable Income and Leisure Spending
Challenges:
High Cost Associated With Adventure Tourism
Restraints:
Risk Management and Safety Concerns
Opportunities:
Rising use of Virtual Reality Technology and Leveraging Digital Transformation and Online Booking Platforms
Market Leaders and their expansionary development strategies
In January 2023, Desert Adventures Partners with Global Destinations, Signs Agreement to Increase Visibility and Demand for their Products, this partnership between Desert Adventures and Global Destinations is a strategic move to capitalize on the growing Indian travel market and expand Desert Adventures' reach in the region.
In April 2023, Abercrombie & Kent, luxury travel company launched a new expedition cruise that will give guests a chance to venture to Earth's northernmost point. The cruise will be a luxurious adventure aboard the Le Commandant Charcot, a hybrid electric/liquefied natural gas-powered polar exploration vessel. A team of Abercrombie & Kent's award-winning expedition staff will lead the way, allowing guests to experience the Arctic frontier in comfort and style.
Key Target Audience
Adventure Seeker, Cultural Explorer, Eco Tourists, Family Travelers, Solo Travelers & Backpackers, Market Research & Consultancy Firm, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.