The global adventure tourism market size was valued at USD 608.00 billion in 2023. The market is expected to expand from USD 804.51 billion in 2024 to USD 1,682.28 billion by 2032, exhibiting a CAGR of 9.66% over the study period.
Adventure tourism are the tourist activities, which include trekking, scuba diving, climbing, and rafting that provide excitement that takes people beyond comfort zone. The growing number of trekking sports and national parks across nations at a macro level is flourishing the market growth.
The adventure tourism market witnessed a sharp decline in consumer spending on adventure tours during the COVID-19 pandemic, which can be credited to a rise in health concerns, travel restrictions, and lockdowns. However, the greater need for staying at indoor spaces among travelers, which included hospitality and travel accommodation facilities led to service revenues while aiding market growth amid the pandemic.
Information Source: https://www.fortunebusinessinsights.com/adventure-tourism-market-107924
Top Company in the Adventure Tourism Market
Fortune Business Insights™ provides this information in its research report, titled “Adventure Tourism Market, 2024-2032”.
Segmentation:
Soft Segment Led in 2023 Owing to Surge in Number of Camping Locations
In terms of type, the market is classified into hard, soft, and others. The soft segment led in 2023 which can be ascribed to the growth in the number of camping sites and hiking destinations across the globe. As a result, soft activities are gaining popularity, surging the global market share.
Considerably Developing Trend of Family Trips to Foster the 30-50 Years Segment Growth