Adventure Tourism Market 2020 Trends, Growth Insight, Share, Competitive Analysis, Statistics, Regional and Global Industry Forecast to 2025 | Adroit Market Research

(The Express Wire via Comtex)

Global Adventure Tourism Market was million US$ and is expected to million US$ by the end of 2025, growing at a CAGR of between 2020 and 2025.The report provides a thorough outlook of the market probable future growth trajectory over the forecast period based on a solid review of the market's historical statistics and growth drivers.

The primary factors influencing the global adventure tourism market includes increasing development of the travel and tourism sectors. With the increasing population and growing trend of traveling and rising standard of living, the demand for adventure tourism market. More specifically, youth is more shifting towards finding new location which have adventure spots such as bungee jumping, paragliding, skydiving, and more. This is one of the reasons the demand for global adventure tourism market is making a mark in the global markets.

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Key factors driving the adventure tourism market growth is developing government initiatives for the promotion of tourism. Moreover, growth in social media trend is creating beneficial opportunities for the adventure tourism service providers, since Facebook is one the most preferred social networking site among the tourists. On the other hand, adventure travelling involve a lot of risk along with irregular weather conditions are some major factor that can restraint the growth of the adventure tourism industry.

Based on the activity, the global adventure tourism market is divided into land-based activity, air-based activity, and air-based activity. Based on the type, the global adventure tourism market is classified into soft, hard, and others. On the basis of types of travelers, the global adventure tourism market is segregated into friends/group, solo, couples, and family. Based on the sales channel, the global adventure tourism market travel agent, direct. On the basis of age group, the global adventure tourism market is divided into below 42-49 years, 30-41 years, 50 years and above, and 30 years. Looping on to the regional overview, the global adventure tourism market is a wide range to North America, USA, Canada, Mexico, Egypt, Asia Pacific, China, Japan, Korea, India, Southeast Asia, The Middle East and Africa, UAE, Turkey, Nigeria, South Africa, Argentina, Europe, France, UK, Russia, Italy, South America, Brazil, Saudi Arabia, Germany, and Columbia. Leading players of the global adventure tourism market includes REI Adventures, Austin Adventures Inc., Butterfield and Robinson Management Services Inc., Intrepid Group Limited, Mountain Travel Sobek, Abercrombie and Kent Group of Companies, G Adventures Inc., TUI AG, Row Adventures, Inner Asia Travel Group Inc., and more others.

In addition, soft sub-segment of type segment leads the global adventure tourism market, due to the moderate to low risks involved. Moreover, land-based activity is probable of dominating the global market in upcoming years, as less skill-set is involved when compared with water-based and air-based activities.

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Asia-Pacific region is expected to register growth at substantial CAGR and acquire the major adventure tourism market share across the globe. Moreover, some of the major factors contributing towards the growth of regional market include economic growth, intensifying competition, simplification of travel restrictions as well as progressive strategies adopted for promotion by the regional tourism organizations.

Key segments of the globaladventure tourism market include:

  • Type Segment
  • Hard
  • Soft
  • Others
  • Activity Segment
  • Land-based Activity
  • Water-based Activity
  • Air-based Activity
  • Type of Travelers Segment
  • Solo
  • Friends/Group
  • Couple
  • Family
  • Age Group Segment
  • Below 30 Years
  • 30-41 Years
  • 42-49 Years
  • 50 Years and Above
  • Sales Channel Segment
  • Travel Agent
  • Direct
  • Geographical Segment
  • North America
    • The U.S.
    • Mexico
    • Canada
  • Europe
    • Switzerland
    • Germany
    • Norway
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • Australia
    • China
    • New Zealand
    • India
    • Japan
    • Rest of Asia-Pacific
    • Latin America
    • Middle-East and Africa

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To view the original version on The Express Wire visit Adventure Tourism Market 2020 Trends, Growth Insight, Share, Competitive Analysis, Statistics, Regional and Global Industry Forecast to 2025 | Adroit Market Research