Adventure Tourism Market
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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