The report provides information regarding key drivers, restraints, and opportunities with impact analysis.

Portland, OR -- (SBWire) -- 02/22/2018 --The Global Adventure Tourism Market was valued at $444,850 million in 2016, and is projected to reach $1,335,738 million in 2023, registering a CAGR of 17.4 % from 2017 to 2023. The development of the travel & tourism sector fosters the growth for adventure tourism market.

Adventure tourism market grows at the highest rate, owing to the development of the travel & tourism industry. Factors such as the availability of low-cost airline carriers, change in life style, increase in disposable income, consumers seeking for life changing experience/activity further accelerate the growth of market.

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The growth of the adventure tourism industry is driven by the development of the travel & tourism industry. Moreover, introduction of low-cost carrier government initiative to increase national & international tourism significantly boost the market growth. In addition, increase in penetration of internet is rapidly changing the dynamic of doing business, as social media has become the preferred platform among travelers to get the best travel deals.

The global adventure tourism market is segmented on the basis of type, activity, type of traveler, age group, sales channel, and geography. By type, the market is classified into hard, soft, and others. Based on activity, it is divided into land-based activity, water-based activity, and air-based activity. Depending on type of traveler, it is categorized into solo, friends/group, couple, and family. According to age group, it is fragmented into below 30 years, 30-41 Years, 42-49 years, and 50 years & above. The sales channel segment includes travel agent and direct. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key Findings of the Adventure Tourism Market:

- In 2016, Europe dominated the global market with more than one-third share, in terms of value.

- Asia-Pacific is estimated to witness the highest growth rate during the forecast period.

- Soft adventure segment generated the highest revenue to the global market in 2016, and is expected to grow at a CAGR of 17.8%.

- The air-based activity segment is estimated to register the highest growth rate, in terms of revenue, registering a CAGR of 18.2%.

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