Cultural Tourism Market by Type, Category, and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR44143
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The cultural tourism market value is projected to grow by USD 3.77 billion at a CAGR of 16.41% during 2021-2025.

The cultural tourism market report extensively covers market segmentation 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) and potential market drivers that the vendors are capitalizing on to sustain profitable growth. Furthermore, read about the latest key findings on the post COVID-19 impact on the market from this report.

What will the Cultural Tourism Market Size be in 2021?

Cultural Tourism Market Size

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Cultural Tourism Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing affordability is notably driving the cultural tourism market growth, although factors such as high impact of terrorism may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the cultural tourism market get your FREE report sample now.

This cultural tourism market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Cultural Tourism Market Vendors?

The cultural tourism market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles covered in the report are as follows:

 

  • 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

 

The cultural tourism market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the cultural tourism market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Which are the Key Regions for Cultural Tourism Market?

Cultural Tourism Market Share by Geography

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The cultural tourism market size, share, & trends analysis report offers an up-to-date study of the geographical composition of the market. 37% of the market’s growth will originate from Europe during the forecast period. Italy and Germany are the key markets for cultural tourism in Europe.

The report offers an up-to-date analysis of the geographical composition of the market. Europe has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The increased preference for cultural tourism to break mundane lifestyles will facilitate the cultural tourism market growth in Europe over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Type Segments in the Cultural Tourism Market?

Cultural Tourism Market Share by Type

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The cultural tourism market share growth by the domestic cultural tourism segment has been significant. The cultural tourism market report provides a comprehensive understanding of the subsegments of the target market to identify niche customer groups and demographic requirements. Furthermore, the report provides insights on the impact of COVID-19 on market segments, which can be used to deduce transformation patterns in consumer behavior in the coming years and improvise business plans.

Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the cultural tourism market size.

 

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What are the Key Factors Covered in this Cultural Tourism Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive cultural tourism market growth during the next five years
  • Precise estimation of the cultural tourism market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the cultural tourism market across Europe, APAC, North America, MEA, and South America 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of cultural tourism market vendors

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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

$ 3.77 billion

Market structure

Fragmented

YoY growth (%)

4.58

Regional analysis

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, market condition analysis for 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.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The cultural tourism market growth will increase by $2565.61 billion during 2019-2024.
The cultural tourism market is expected to grow at a CAGR of 7.93% during 2019-2024.
Technavio has segmented the cultural tourism market by type (Domestic cultural tourism and International cultural tourism) ,other1 (Cultural eco-tourism, Indigenous cultural tourism, and Socio-cultural tourism) , and geographic (Europe, APAC, North America, MEA, and South America).
ACE Cultural Tours, Classic Journeys, Envoy Tours, Indigenous Tourism BC, Kudu Travel Ltd., Martin Randall Travel Ltd., Nature Quest Education and Health Care Society, Odyssey World, Responsible Travel, Splitrock Environmental are a few of the key vendors in the cultural tourism market.
Europe will register the highest growth rate of 38.93% among the other regions. Therefore, the cultural tourism market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the cultural tourism market growth are:
  • Growing affordability
The cultural tourism market vendors should focus on grabbing business opportunities from the domestic cultural tourism segment as it accounted for the largest market share in the base year.
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