Industrial Tourism Market Scope
Industrial tourism in which the desired destination includes industrial sites peculiar to a particular location. Industrial tourism has become increasingly popular in recent years, particularly in the Asia Pacific followed by India. The automotive and semiconductor industry is attracting considerable interest with production sites welcoming thousands of visitors every year
According to AMA, the Global Industrial Tourism market is expected to see growth rate of 20.3%The local and major companies are exploring the market by adopting new mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new regions and sectors through expansions and acquisitions to avail a competitive advantage through combined synergies. The market is expected to grow in the manufacturing sector several companies such as Discovery Italy, Frosch is operating in the market to provide customers with various features & unique offering service. The Industrial Tourism and the market is a highly fragmented market with the presence of several market players and local players. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Industrial Tourism market throughout the predicted period.
Booking Holdings (United States), Expedia Group (United States), American Express Global Business Travel (United States), Japan External Trade Organization (JETRO) (Japan), METALLOINVEST MC LLC (United States), BELAZ (Belarus), Discovery Italy (Italy), Flight Centre Travel Group (Australia), Mahindra Holidays & Resorts India Ltd (India), Priceline Group (United States), Carlson Wagonlit Travel (United States), world travel inc (United States), Frosch (United States) and Others are some of the key players that are part of study coverage.
Segmentation Overview
The study have segmented the market of Global Industrial Tourism market , by Application (Food and Beverage Industry, Manufacturing Industry and Others) and Region with country level break-up.
On the basis of geography, the market of Industrial 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).
Influencing Trend:
increasing penetration of online booking is the most lucrative booking channel
Market Growth Drivers:
The rise in Offerings of Innovative Services, Amenities, Themes, etc
Challenges:
Due to the pandemic, the Industrial Tourism market has been hampered to large extend
Restraints:
High Cost of Services
Opportunities:
Growing Investment in Industrial Tourism
Key Target Audience
Freelancer, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End-use Industry
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.