Adventure Tourism Market Global Size, Growth and Demand 2020 to 2030
The Global Adventure Tourism Market size valued to USD 657.8 million in 2019, is expected an elevation of USD 2.02 billion by 2030 witnessing a CAGR of 10.7% from 2020-2030.
Adventure tourism involves exploration of
exotic destinations, venturing in remote areas, discovering the wilderness, and
travelling to such other out-of-the-comfort-zone destinations, which includes
physical activities, exchange of cultural values and framing a deeper
connection with the nature. This niche tourism entails a certain degree of
real/perceived risk or physical danger as well as, it may require special
skills and physical exertion. Adventure tourism includes various air, water and
land activities like mountaineering, trekking, hiking, scuba diving,
canyoneering, sandboarding, paragliding, river rafting, and others. These
activities are performed under the guided supervision of experts, using all the
safety measures like helmets, harness, and others, to avoid mishaps.
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Top Companies: G Adventures Inc., Austin Adventures,
Inc., Mountain Travel Sobek, ROW Adventures, TUI AG., REI Adventures, Intrepid
Group Limited, InnerAsia Travel Group, Inc., Abercrombie & Kent Group of
Companies S.A. and others.
The report Adventure
Tourism Market will function as a medium for the better assessment of the
existing and future situations of the global market. It will be offering a
360-degree framework of the competitive landscape and dynamics of the market
and related industries. Further, it entails the major competitors within the
market as well as budding companies along with their comprehensive details such
as market share on the basis of revenue, demand, high-quality product
manufacturers, sales, and service providers. The report will also shed light on
the numerous growth prospects dedicated to diverse industries, organizations,
suppliers, and associations providing several services and products. The report
will offer them buyers with detailed direction to the growth in market that
would further provide them a competitive edge during the forecast period.
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The
global adventure tourism market is on a spur owing to the exponential growth of
tourism industry. Besides, the inclination of youth towards exploring
undiscovered destinations, rising demands of adventure sports, increase in
disposable incomes and reasonable travel packages, are expected to supplement
the market growth throughout the forecast period. However, factors such as
potential risks involved in adventure travelling, unpredictable climatic conditions,
and chances of mishaps are expected to hamper the growth of global Adventure
tourism market during the forecast period.
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