Global Adventure Tourism Market Overview
According to SPER Market Research, the Global Adventure Tourism Market is estimated to reach USD 1187.73 billion by 2032 with a CAGR of 15.46%.
Travel that includes activities like caving, climbing, cycling, hiking, hunting, rafting, and others is called adventure tourism. Adventure tourism is one of the fastest-growing divisions of the constantly expanding tourism industry. Asia-Pacific is one of the most popular vacation destinations because of its beautiful landscapes, delectable cuisine, and convenient lodging options. Cities like Sydney, Melbourne, Brisbane, and Perth permit a wide variety of activities based on land, sea, and the air. Asia-Pacific is also home to beaches and a wildlife refuge, which adds to the region's appeal as a tourism destination. Due to the availability of activities like diving, white water rafting, surfing, trekking, cycling, and others, adventure sports have become the preferred mode of travel globally.
The expansion of the adventure tourism industry can be linked to the country's appealing terrain and the wide range of activities that are offered in its many towns. Also, increased government initiatives to encourage tourism along with deliberate marketing actions made by industry participants drive the global economy. The risk associated with adventure travel and unpredictability of the weather, however, restrain worldwide market expansion. These elements could cause adventure tourism to fail, which would hinder the market's expansion. On the other hand, it is anticipated that increased social media networking and the growing popularity of trip blogging and video logging on social media sites like Instagram and Twitter would further spark the curiosity of tourists from all over the world. This is anticipated to boost Australia's appeal as a travel destination and pave the path for the expansion of the adventure tourism industry.
Impact of COVID-19 on the Global Adventure Tourism Market
The adventure travel and tourism sector has been greatly impacted by the COVID-19 outbreak on a global scale. Travel and tourism have been severely impacted by the broad containment and mitigation efforts to halt the spread of the virus. Although nations are gradually moving toward a staged easing of regulations, there is still a high danger of abrupt changes to air travel, visa, and quarantine policies, as well as long-lasting confidence consequences, particularly among older and more affluent tourists.
The significant financial and social consequences of the pandemic will probably leave tourism-dependent countries (TDC) damaged, ushering in a post-pandemic "new normal." The COVID-19 outbreak has had a significant global impact on the adventure travel and tourism industry. The extensive containment and mitigation measures taken to stop the virus's spread have had a significant negative impact on travel and tourism. There is still a considerable risk of rapid changes to air travel, visa, and quarantine policies, as well as long-lasting confidence implications, especially among older and more affluent tourists. This is true even though nations are increasingly moving toward a graduated relaxing of constraints.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type, By Activity, By Group, By Booking Mode, By Age Group
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
|
| Companies Covered | Austin Adventures, Inc., Butterfield & Robinson Inc., Cox & Kings Ltd., Discovery Nomads, G Adventures, Geographic Expeditions Inc., Intrepid Group, Itd., Mountain Travel Sobek, Tui Group
|
Global Adventure Tourism Market Segmentation:
1. By Type:
2. By Activity:
- Air-based Activity
- Land-based Activity
- Water-based Activity
3. By Group:
- Couples
- Family
- Friends/Groups
- Solo
4. By Booking Mode:
- Direct
- Marketplace Booking
- Travel Agent
5. By Age Group:
- 28 and under
- 29-40
- 41-50
- 51-60
- 61-70
- 1 and over
6. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Adventure Tourism Market (FY’2019-FY’2032)
- Overview of Global Adventure Tourism Market
- Segmentation of Global Adventure Tourism Market By Type (Organized, Unorganized)
- Segmentation of Global Adventure Tourism Market By Activity (Classified, Offline Dealers, Online Marketplace)
- Segmentation of Global Adventure Tourism Market By Group (Dealership Walk-Ins, Online)
- Segmentation of Global Adventure Tourism Market By Booking Mode (Businesses, OEM’s, Retail Customers, Telephone Operators)
- Segmentation of Global Adventure Tourism Market By Age Group (B2C, C2C)
- Statistical Snap of Global Adventure Tourism Market
- Global Adventure Tourism Market Growth Analysis
- Problems and Challenges in Global Adventure Tourism Market
- Global Adventure Tourism Market Competitive Landscape
- Impact of COVID-19 and Demonetization on Global Adventure Tourism Market
- Details on Recent Investment in Global Adventure Tourism Market
- Competitive Analysis of Global Adventure Tourism Market
- Major Players in the Global Adventure Tourism Market
- SWOT Analysis of Global Adventure Tourism Market
- Global Adventure Tourism Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Adventure Tourism Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Adventure Tourism Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Adventure Tourism Market
7. Global Adventure Tourism Market, By Type, 2019-2032 (USD Million)
7.1 Hard
7.2 Soft
7.3 Others
8. Global Adventure Tourism Market, By Activity, 2019-2032 (USD Million)
8.1 Air-based Activity
8.2 Land-based Activity
8.3 Water-based Activity
9. Global Adventure Tourism Market, By Group, 2019-2032 (USD Million)
9.1 Couples
9.2 Family
9.3 Friends/Groups
9.4 Solo
10. Global Adventure Tourism Market, By Booking Mode, 2019-2032 (USD Million)
10.1 Direct
10.2 Marketplace Booking
10.3 Travel Agent
11. Global Adventure Tourism Market, By Age Group, 2019-2032 (USD Million)
11.1 28 and under
11.2 29-40
11.3 41-50
11.4 51-60
11.5 61-70
11.6 71 and over
12. Global Adventure Tourism Market, By Region, 2019-2032 (USD Million)
12.1 Global Adventure Tourism Market and Market Share by Region (2019-2025)
12.2 Global Adventure Tourism Market and Market Share by Region (2026-2032)
12.3 Asia-Pacific
12.3.1 Australia
12.3.2 China
12.3.3 India
12.3.4 Japan
12.3.5 South Korea
12.3.6 Rest of Asia-Pacific
12.4 Europe
12.4.1 France
12.4.2 Germany
12.4.3 Italy
12.4.4 Spain
12.4.5 United Kingdom
12.4.6 Rest of Europe
12.5 Middle East and Africa
12.5.1 Kingdom of Saudi Arabia
12.5.2 United Arab Emirates
12.5.3 Rest of Middle East & Africa
12.6 North America
12.6.1 Canada
12.6.2 Mexico
12.6.3 United States
12.7 Latin America
12.7.1 Argentina
12.7.2 Brazil
12.7.3 Rest of Latin America
13. Company Profiles
13.1 Austin Adventures, Inc.
13.1.1 Company details
13.1.2 Financial outlook
13.1.3 Product summary
13.1.4 Recent developments
13.2 Butterfield & Robinson Inc.
13.2.1 Company details
13.2.2 Financial outlook
13.2.3 Product summary
13.2.4 Recent developments
13.3 Cox & Kings Ltd.
13.3.1 Company details
13.3.2 Financial outlook
13.3.3 Product summary
13.3.4 Recent developments
13.4 Discovery Nomads
13.4.1 Company details
13.4.2 Financial outlook
13.4.3 Product summary
13.4.4 Recent developments
13.5 G Adventures
13.5.1 Company details
13.5.2 Financial outlook
13.5.3 Product summary
13.5.4 Recent developments
13.6 Geographic Expeditions Inc.
13.6.1 Company details
13.6.2 Financial outlook
13.6.3 Product summary
13.6.4 Recent developments
13.7 Intrepid Group, Itd.
13.7.1 Company details
13.7.2 Financial outlook
13.7.3 Product summary
13.7.4 Recent developments
13.8 Mountain Travel Sobek
13.8.1 Company details
13.8.2 Financial outlook
13.8.3 Product summary
13.8.4 Recent developments
13.9 Tui Group
13.9.1 Company details
13.9.2 Financial outlook
13.9.3 Product summary
13.9.4 Recent developments
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
