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Cultural Tourism Market Size to Grow by USD 3.76 Bn, ACE Cultural Tours and Classic Journeys Among Key Vendors - Technavio

·9 min read

NEW YORK, July 27, 2022 /PRNewswire/ -- The "Cultural Tourism Market by Type (Domestic cultural tourism and International cultural tourism), End-user (Cultural eco-tourism, Indigenous cultural tourism, and Socio-cultural tourism), and Geography (Europe, APAC, North America, MEA, South America, Europe, APAC, North America, MEA, and South America) - Forecast and Analysis 2021-2025" report has been added to Technavio's offering. The potential growth difference for the cultural tourism market between 2020 and 2025 is USD 3.76 bn. In addition, the growth momentum of the market will accelerate at a CAGR of 16.41% during the forecast period.

Technavio has announced its latest market research report titled Cultural Tourism Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025
Technavio has announced its latest market research report titled Cultural Tourism Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

Want your report customized? Speak to an analyst and personalize your report according to your needs.

Key Market Dynamics:

  • Market Driver: Growing affordability

  • Market Challenge: High impact of terrorism

Find out how the above driver and challenge will impact the future of the cultural tourism market. View our Sample Report

Market Segmentation

The cultural tourism market has been segmented by type (domestic cultural tourism and international cultural tourism), end-user (cultural eco-tourism, indigenous cultural tourism, and socio-cultural tourism), and geography (Europe, APAC, North America, MEA, and South America).

By type, the domestic cultural tourism segment will contribute the highest market share growth among all segments during the forecast period. Domestic cultural tourism accounts for more than 60% of the overall arrivals in the market. The growth of domestic cultural tourism is driven by easy government regulations, no currency exchange rates, and familiarity with the culture and language. Moreover, domestic cultural tourism is cost-effective. In countries such as India, domestic tourism is growing with the help of local campaigns and government support. The share of this segment is likely to continue to dominate the market during the forecast period.

By geography, Europe will account for the highest market share growth during the forecast period. Italy and Germany are the key countries in the market in Europe.

Learn about the contribution of each segment of the cultural tourism market, summarized in concise infographics and thorough descriptions. View our Sample Report

Vendor Analysis

The cultural tourism market is fragmented, and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.

The cultural tourism market growth has several players, including 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, and Splitrock Environmental among others. The key offerings of some of these vendors are listed below:

  • ACE Cultural Tours - The company offers cultural tourism such as nature tours, study tours, and art tours.

  • Classic Journeys - The company offers cultural tourism such as culture and walking tours, culinary tours, and multisport adventures tours.

  • Envoy Tours - The company offers cultural tourism such as study and adventure tours.

  • Indigenous Tourism BC - The company offers cultural tourism such as art and study tours.

  • Kudu Travel Ltd. - The company offers cultural tourism such as art and wildlife tours.

This report provides a full list of key vendors, their strategies, and the latest developments in the cultural tourism market. Request a Sample Report Now

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Cultural Tourism Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 16.41%

Market growth 2021-2025

USD 3.76 billion

Market structure

Fragmented

YoY growth (%)

4.58

Regional analysis

Europe, APAC, North America, MEA, South America, Europe, APAC, North America, MEA, and South America

Performing market contribution

Europe at 37%

Key consumer countries

Italy, China, US, Germany, and India

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

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, and Splitrock Environmental

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem

  • 2.2 Value chain analysis

3 Market Sizing

  • 3.1 Market definition

  • 3.2 Market segment analysis

  • 3.3 Market size 2020

  • 3.4 Market outlook: Forecast for 2020 - 2025

4 Five Forces Analysis

  • 4.1 Five forces analysis 2020 & 2025

  • 4.2 Bargaining power of buyers

  • 4.3 Bargaining power of suppliers

  • 4.4 Threat of new entrants

  • 4.5 Threat of substitutes

  • 4.6 Threat of rivalry

  • 4.7 Market condition

5 Market Segmentation by Type

  • 5.1 Market segments

  • 5.2 Comparison by Type

  • 5.3 Domestic cultural tourism - Market size and forecast 2020-2025

  • 5.4 International cultural tourism - Market size and forecast 2020-2025

  • 5.5 Market opportunity by Type

6 Market Segmentation by Category

  • 6.1 Market segments

  • 6.2 Comparison by Category

  • 6.3 Cultural eco-tourism - Market size and forecast 2020-2025

  • 6.4 Indigenous cultural tourism - Market size and forecast 2020-2025

  • 6.5 Socio-cultural tourism - Market size and forecast 2020-2025

  • 6.6 Market opportunity by Category

7 Customer landscape

  • 7.1 Customer landscape

8 Geographic Landscape

  • 8.1 Geographic segmentation

  • 8.2 Geographic comparison

  • 8.3 Europe - Market size and forecast 2020-2025

  • 8.4 APAC - Market size and forecast 2020-2025

  • 8.5 North America - Market size and forecast 2020-2025

  • 8.6 MEA - Market size and forecast 2020-2025

  • 8.7 South America - Market size and forecast 2020-2025

  • 8.8 Key leading countries

  • 8.9 Market opportunity by geography

9 Drivers, Challenges, and Trends

  • 9.1 Market drivers

  • 9.2 Market challenges

  • 9.3 Market trends

10 Vendor Landscape

  • 10.1 Overview

  • 10.2 Landscape disruption

11 Vendor Analysis

  • 11.1 Vendors covered

  • 11.2 Market positioning of vendors

  • 11.3 ACE Cultural Tours

  • 11.4 Classic Journeys

  • 11.5 Envoy Tours

  • 11.6 Indigenous Tourism BC

  • 11.7 Kudu Travel Ltd.

  • 11.8 Martin Randall Travel Ltd.

  • 11.9 Nature Quest New Zealand Ltd.

  • 11.10 Odyssey World

  • 11.11 Responsible Travel

  • 11.12 Splitrock Environmental

12 Appendix

  • 12.1 Scope of the report

  • 12.2 Currency conversion rates for US$

  • 12.3 Research methodology

  • 12.4 List of abbreviations

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