Cultural Tourism Market to Witness 37% of the Growth from Europe with Exodus Travels Ltd., Odyssey World, and Indigenous Tourism BC Emerging as Dominant Market Players | Technavio

NEW YORK, Aug. 25, 2021 /PRNewswire/ — The cultural tourism market is poised to grow by USD 3.77 billion during 2021-2025,…

NEW YORK, Aug. 25, 2021 /PRNewswire/ — The cultural tourism market is poised to grow by USD 3.77 billion during 2021-2025, progressing at a CAGR of almost 16.41% during the forecast period. The report on the cultural tourism market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.

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The report identifies growing affordability, increasing preference of consumers for cultural tourism to break mundane lifestyles, and surging contribution toward GDP and employment are the major factors driving the growth of the market. However, the high impact of terrorism, threat from natural disasters, and popularity of adventure tourism are few factors anticipated to impede the market’s growth over the next few years.

This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Technavio analyzes the market by type (Domestic cultural tourism and International cultural tourism), category (Cultural eco-tourism, Indigenous cultural tourism, and Socio-cultural tourism), and geography (Europe, APAC, North America, MEA, and South America). Domestic cultural tourism was the largest revenue-generating type segment in 2020 and is likely to dominate the growth during the forecast period. In terms of geography, 37% of the market’s growth will originate from Europe with Italy and Germany being the key markets for cultural tourism in the region.

The cultural tourism market covers the following areas:

Cultural Tourism Market Sizing

Cultural Tourism Market Forecast

Cultural Tourism Market Analysis


Companies Mentioned

  • ACE Cultural Tours
  • Classic Journeys
  • Envoy Tours
  • Exodus Travels Ltd.
  • Indigenous Tourism BC
  • Kudu Travel Ltd.
  • Martin Randall Travel Ltd.
  • Nature Quest New Zealand Ltd.
  • Odyssey World
  • Responsible Travel
  • Splitrock Environmental

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 – 2025

Five Forces Analysis

  • Five forces analysis 2020 & 2025
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Domestic cultural tourism – Market size and forecast 2020-2025
  • International cultural tourism – Market size and forecast 2020-2025
  • Market opportunity by Type

Market Segmentation by Category

  • Market segments
  • Comparison by Category
  • Cultural eco-tourism – Market size and forecast 2020-2025
  • Indigenous cultural tourism – Market size and forecast 2020-2025
  • Socio-cultural tourism – Market size and forecast 2020-2025
  • Market opportunity by Category

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • Europe – Market size and forecast 2020-2025
  • APAC – Market size and forecast 2020-2025
  • North America – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • ACE Cultural Tours
  • Classic Journeys
  • Envoy Tours
  • Indigenous Tourism BC
  • Kudu Travel Ltd.
  • Martin Randall Travel Ltd.
  • Nature Quest New Zealand Ltd.
  • Odyssey World
  • Responsible Travel
  • Splitrock Environmental

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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Report:https://www.technavio.com/report/cultural-tourism-market-industry-analysis

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