The rise in travel enthusiasts looking for excitement and thrill surged the market demand for the extreme tourism market. As more individuals seek unconventional travel experiences, the market is responding with high-energy activities such as extreme sports and daring adventures. People are eager for unique and memorable journeys, leading tour operators to come up with innovative packages that cater to the growing number of adventure enthusiasts seeking extraordinary and unforgettable experiences.
WILMINGTON, Del., April 5, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Extreme Tourism Market by Adventure Type (Mountain Climbing, Skydiving, Cave Exploration, Scuba Diving, and Others), Type of Traveler (Solo, Friends/Group, Couple, and Family), Age Group (Below 25 Years, 25 to 45 Years, and 45 Years and Above), and Sales Channel (Travel Agents and Direct Sales): Global Opportunity Analysis and Industry Forecast, 2023-2032”. According to the report, The global extreme tourism market was valued at $24.2 billion in 2022, and is projected to reach $91.0 billion by 2032, growing at a CAGR of 14.4% from 2023 to 2032.
Allied Market Research Logo
Download Sample Pages of Research Overview:
Prime determinants of growth
The growing influence of social media is a powerful force surging demand in the extreme tourism market. Platforms such as Instagram and YouTube serve as virtual showcases for breathtaking adventures, attracting a global audience of adventure enthusiasts. Travelers, inspired by visually appealing content, actively seek out unique and thrilling experiences to share on their own social platforms, fostering a cycle of inspiration and exploration. This dynamic interaction on social media platforms not only amplifies the visibility of extreme tourism but also drives a sense of Fear of Missing Out (FOMO) among younger demographics, compelling them to actively participate in adrenaline-pumping activities to create their shareable moments.
Report coverage & details:
Report Coverage
Details
Forecast Period
2023–2032
Base Year
2022
Market Size In 2022
$24.2 Billion
Market Size In 2032
$91.0 Billion
CAGR
14.4 %
No. Of Pages In Report
300
Segments Covered
Adventure Type, Type Of Traveler, Age Group, Sales Channel, And Region
Regional Scope
North America, Europe, Asia-Pacific, Latin America, And Middle East And Africa
Country Scope
U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Rest Of Europe, China, India, Japan, South Korea, Australia, Rest Of Asia-Pacific, Brazil, Argentina, Rest Of Latin America, Middle East & Africa (Saudi Arabia, South Africa, UAE, Rest Of Middle East & Africa
Drivers
Rise In Extreme Tourism Trends And Global Accessibility
Growth In Influence Of Social Media And Changing Demographics
Restraints
Limited Accessibility To Remote Destinations
Safety Concerns And Risk Perception
Opportunities
Innovations In Adventure Gear, Transportation, And Safety Equipment
Emerging Destinations
Procure Complete Report (300 Pages PDF with Insights, Charts, Tables, and Figures):
The mountain climbing segment to maintain its leadership status throughout the forecast period
By adventure type, the mountain climbing segment held the highest market share in 2022, accounting for more the two-fifths of the global extreme tourism market revenue and is estimated to maintain its leadership status throughout the forecast period. Mountain climbing, a thrilling adventure activity, attracts enthusiasts seeking adrenaline rushes and breathtaking views. Drivers in the extreme tourism market include the pursuit of physical challenges, exploration, nature appreciation, personal achievement, and cultural immersion. However, the skydiving segment is projected to manifest the highest CAGR of 15.2% from 2023 to 2032. Skydiving, a thrilling adventure activity, attracts daredevils seeking adrenaline rushes. Drivers include breathtaking aerial views, exhilarating freefall sensations, certified instructors ensuring safety, and the opportunity for personal growth through conquering fears and pushing boundaries.
The friends/group segment to maintain its leadership status throughout the forecast period
By type of traveler, the friends/group segment held the highest market share in 2022, accounting for nearly one-third of the global extreme tourism market revenue and is estimated to maintain its leadership status throughout the forecast period. They value camaraderie, enjoying challenges together, and sharing memories, making group dynamics crucial for satisfaction. However, the solo segment is projected to manifest the highest CAGR of 15.7% from 2023 to 2032. Solo traveler drivers in extreme tourism seek freedom, exploring remote destinations independently. They crave adrenaline-pumping experiences, navigating rugged terrains and discovering hidden gems.
The 25 to 45 years segment to maintain its leadership status throughout the forecast period
By age group, the 25 to 45 years segment held the highest market share in 2022, accounting for more than two-fifths of the global extreme tourism market revenue and is estimated to maintain its leadership status throughout the forecast period. Drivers for extreme tourism among individuals aged 25 to 45 include seeking new experiences, fulfilling a sense of adventure, exploring nature, seeking adrenaline rushes, embracing physical challenges, and experiencing cultural immersion. However, the below 25 years segment is projected to manifest the highest CAGR of 15.3% from 2023 to 2032. They crave adrenaline-pumping experiences such as skydiving, mountain climbing, and extreme sports. Youthful energy drives their pursuit of excitement, exploration, and outdoor adventures.
The travel agents segment to maintain its leadership status throughout the forecast period
By sales channel, the travel agents segment held the highest market share in 2022, accounting for more than half of the global extreme tourism market revenue and is estimated to maintain its leadership status throughout the forecast period. Travel agents serve as crucial drivers in the extreme tourism market by offering personalized itineraries, expert guidance, and access to exclusive experiences. They provide convenience, expertise, and safety assurances to adventurous travelers seeking unique excursions. However, the direct sales segment is projected to manifest the highest CAGR of 14.9% from 2023 to 2032. Direct sales in the extreme tourism market are driven by personalized customer service, direct interaction with clients, strong brand loyalty, cost savings by cutting out intermediaries, flexible booking options, and exclusive deals.
Want to Access the Statistical Data and Graphs, Key Players’ Strategies:
Europe to maintain its dominance by 2032
By region, Europe held the highest market share in terms of revenue in 2022, accounting for more than one-third of the global extreme tourism market revenue in this region. In Europe, the extreme tourism market is driven by diverse natural landscapes, cultural heritage, and a growing demand for unique experiences. Government support, infrastructure development, and eco-conscious travelers contribute to its sustained growth. However, the Asia-Pacific region is expected to witness the fastest CAGR of 15.3% from 2023 to 2032. The Asia-Pacific region is experiencing a surge in extreme tourism due to its diverse landscapes, cultural heritage, growth in infrastructure, improved accessibility, and rise in disposable incomes.
Leading Market Players: –
Intrepid Travel
G Adventures
World Expeditions
Quark Expeditions
TUI Group
Mountain Travel Sobek
Abercrombie & Kent
Geographic Expeditions
Exodus Travels
Wilderness Travel
The report provides a detailed analysis of these key players in the global extreme tourism market. These players have adopted different strategies such as collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.
Similar Reports We Have on Consumer Goods Industry:
About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa United States 1209 Orange Street, Corporation Trust Center, Wilmington, New Castle, Delaware 19801 USA. Int’l: +1-503-894-6022 Toll Free: +1-800-792-5285 Fax: +1-800-792-5285 [email protected] Web: www.alliedmarketresearch.com Allied Market Research Blog: https://blog.alliedmarketresearch.com Follow Us on | Facebook | LinkedIn | YouTube |
