Portland, OR -- (SBWIRE) -- 06/13/2018 -- Research Beam published a report, titled, "Adventure Tourism Market by Type (Hard, Soft, and Others), Activity (Land-based Activity, Water-based Activity, and Air-based Activity), Type of Traveler (Solo, Friends/Group, Couple, and Family), Age Group (Below 30 Years, 30â€"41 Years, 42â€"49 Years, and 50 Years & Above), and Sales Channel (Travel Agents and Direct) - Global Opportunity Analysis and Industry Forecast, 2017-2023." The study offers an in-depth analysis of the overall industry regarding the market size, market share analysis, competitive landscape, growth, trends, forecasts, market dynamics, Porter's five forces analysis, market player positioning, market classification, and company profiles. As per the findings of the report, the global adventure tourism market was valued at $444,850 million in 2016 and is likely to garner $1,335,738 million by 2023, registering a CAGR of 17.4% from 2017 to 2023.
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The study provides important insights on the adventure tourism market to help market players, VPs, investors, and new entrants in informed business decision making and growth strategy formulation supported by the opportunities present in the industry. Market attractiveness is highlighted based on short-term and long-term profit strategies. Current market trends are analyzed in the research. Competitive landscape is offered in the report along with development trend of the industry. Research methodology is offered in the study based on primary and secondary research methodologies.
The report offers an in-depth analysis of the market drivers, restraints, and growth opportunities. Using these factors, the research report identifies various trends prominent in the industry which are likely to influence the growth of the market during the forecast period, 2017-2025. Factors such as the development of the global travel & tourism industry, the rise in disposable income of consumers, and a high penetration rate of the internet are propelling the market growth. However, an increase in terrorist activities and crime rate, political uncertainty, and natural calamities hinder the market growth. Furthermore, heavy investment in better infrastructure provides opportunities for the industry growth.
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The report on the adventure tourism market is analyzed by segmenting it based on type, activity, type of traveler, age group, sales channel, and geography. Based on type, the market is divided into hard, soft, and others. Based on activity, the market is classified into land-based activity, water-based activity, and air-based activity. Based on type of traveler, the market is segmented into solo, friends/group, couple, and family. By age group, the industry is divided into below 30 years, 30-41 years, 42-49 years, and 50 years and above. Based on sales channel, the market is bifurcated into travel agent and direct. Based on geography, the market analysis covers the regions such as North America, Europe, Asia-Pacific, and LAMEA. In North America, the market analysis covers the U.S., Canada, and Mexico. In Europe, the market covers Germany, Switzerland, Norway, Italy, and the rest of Europe. The market in the Asia-Pacific region covers India, China, New Zealand, Australia, Japan, and the rest of Asia-Pacific. The market in LAMEA covers Latin America, Middle East, and Africa.
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The report strategically profiles the emerging players operating in the adventure tourism market. Their details such as business segments and their performance help new entrants gain insights into the industry and plan their business ventures. The players noted in the study include Austin Adventures, Inc., G Adventures Inc., Mountain Travel Sobek, TUI Ag., ROW Adventures, REI Adventures, InnerAsia Travel Group, Inc., Intrepid Group Limited, Butterfield & Robinson Management Services, Inc., and Abercrombie & Kent Group of Companies S.A.
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