Authored By: Sarah
02 Aug 2022

Cultural Tourism Market During 2021-2025: Key Drivers and Segmentation

Technavio’s report on Cultural Tourism Market projects that the market size is set to grow up to USD 3.76 billion, and the market will be progressing at a CAGR of 16.41% till 2025. This research report identifies and analyses the growth drivers that will boost the market growth. It also provides a thorough understanding of all the segments, trends, and challenges that are likely to have an impact on the future prospects of the market in focus. Unlock Sample Report

Cultural Tourism Market: Key Market Drivers

One of the key factors that will drive cultural tourism market growth is growing affordability. In addition, the growing instances of stress-related cases are the major trend that is positively influencing the growth of the cultural tourism market. However, the high impact of terrorism may impede the market value.

The research report provides a comprehensive analysis of this and all the other factors that will boost growth during the forecast period.  The analysis is designed to empower clients with actionable insights that will help them leverage growth opportunities and formulate winning strategies to drive their business further.

Cultural Tourism Market During 2021-2025: Key Drivers and Segmentation

Cultural Tourism Market: Growth Segments

This report provides a detailed analysis of the market by Type (Domestic cultural tourism and International cultural tourism), Market Landscape (Cultural eco-tourism, Indigenous cultural tourism, and Socio-cultural tourism), and Geography (Europe, APAC, North America, MEA, and South America).

Based on type, the cultural tourism market share will have lucrative growth in the domestic cultural tourism segment during the forecast period. 

By geography, 37% of the market's growth will originate from Europe during the forecast period. The increased preference for cultural tourism to break mundane lifestyles will facilitate market growth in Europe. Italy and Germany are the key markets in Europe.

Cultural Tourism Market: Vendor Analysis

The market is fragmented, and the growth of the players depends on several factors such as market conditions, government support, and industry development. Market players must distinguish their product and service offerings through a clear and unique value proposition to prosper in this competitive market.  

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 are some of the major market participants. The report offers a detailed analysis of each of the above-listed vendors and their product portfolios.

Download the PDF Sample Report Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is accelerating at a CAGR of almost 16.41%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow up to USD 3.77 billion.

     
  3. What is a key factor driving this market?
    Growing affordability will drive market growth over the forecast period.

     
  4. What are the key regions covered in this market research report?
    Europe, APAC, North America, MEA, and South America are the key regions featured in this research report.

     
  5. Which is the leading geographic region for this market?
    37% growth will originate from Europe.

     
  6. Who are the leading market vendors?
    The leading vendors in this market are 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

     
  7. What are the market segments covered in this report?
    The market is segmented by Type (Domestic cultural tourism and International cultural tourism), Market Landscape (Cultural eco-tourism, Indigenous cultural tourism, and Socio-cultural tourism), and Geography (Europe, APAC, North America, MEA, and South America).
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