Cultural Tourism Market size to Increase by USD 3.76 Bn | Featuring Top Vendors Including ACE Cultural Tours, Classic Journeys, and Envoy Tours

NEW YORK, May 12, 2022 /PRNewswire/ -- The global cultural tourism market is set to grow by USD 3.76 billion between 2020 and 2025, accelerating at a CAGR of 16.41% during the forecast period. The market is segmented by type (domestic cultural tourism and international cultural tourism), end-user (cultural eco-tourism, indigenous cultural tourism, and socio-cultural tourism), and geographic (Europe, APAC, North America, MEA, South America, Europe, APAC, North America, MEA, and South America). The report provides detailed insights into how vendors are performing in terms of revenue generation, market position, product launches, and customer base among others.

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Key takeaways from the cultural tourism market study

Cultural tourism market size to increase by USD 3.76 billion at a 16.41% CAGR between 2020 and 2025
4.58% year-over-year growth expected in 2021
37% market growth to originate in Europe during the forecast period
The domestic cultural tourism segment observed maximum growth in the market in 2021
Dominant vendors include 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.

Cultural Tourism Market: Key segment analysis

The domestic cultural tourism segment will generate maximum revenue in the market during the forecast period. Domestic cultural tourism experiences an arrival of more than 60% of the overall arrivals in the market. The growth of the segment is driven by easy government regulations, no currency exchange rates, and familiarity with the culture and language.

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Cultural Tourism Market: Growth Drivers and Restraints

The cultural tourism market is driven by the growing affordability of people. The increasing per capita disposable has significantly boosted the spending capabilities of consumers. In addition, the increase in the number of working women and the rising number of dual-income households have enabled consumers to spend lavishly on cultural tourism and related activities. This is encouraging vendors operating in the cultural tourism market to make investments to promote their services through awareness campaigns. All these factors are expected to foster the growth of the global cultural tourism market during the forecast period.

"Although the increased preference for cultural tourism to break mundane lifestyle and the growing contribution toward GDP and employment will further boost the market growth, the high impact of terrorism might reduce the growth opportunities for market players", says an analyst at Technavio.

The cultural tourism market report answers questions such as:

Is the market structure fragmented or concentrated?
What was the market size in 2020 and the forecast for the cultural tourism market through 2025?
Which are the best segment areas to invest in over the forecast period?
What is the market share of dominant and strong vendors in the cultural tourism market?
What are the latest trends and regulatory frameworks in the cultural tourism market?

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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, 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.

Table Of Contents:

1 Executive Summary

2 Market Landscape

2.1 Market ecosystem

Exhibit 01: Parent market
Exhibit 02: Market characteristics

2.2 Value chain analysis

Exhibit 03: Value chain analysis: Leisure Facilities

3 Market Sizing

3.1 Market definition

Exhibit 04: Offerings of vendors included in the market definition

3.2 Market segment analysis

Exhibit 05: Market segments

3.3 Market size 2020

3.4 Market outlook: Forecast for 2020 - 2025

Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ billion)
Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

4 Five Forces Analysis

4.1 Five forces analysis 2020 & 2025

Exhibit 08: Five forces analysis 2020 & 2025

4.2 Bargaining power of buyers

Exhibit 09: Bargaining power of buyers

4.3 Bargaining power of suppliers

Exhibit 10: Bargaining power of suppliers

4.4 Threat of new entrants

Exhibit 11: Threat of new entrants

4.5 Threat of substitutes

Exhibit 12: Threat of substitutes

4.6 Threat of rivalry

Exhibit 13: Threat of rivalry

4.7 Market condition

Exhibit 14: Market condition - Five forces 2020

5 Market Segmentation by Type

5.1 Market segments

Exhibit 15: Type - Market share 2020-2025 (%)

5.2 Comparison by Type

Exhibit 16: Comparison by Type

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

Exhibit 17: Domestic cultural tourism - Market size and forecast 2020-2025 ($ billion)
Exhibit 18: Domestic cultural tourism - Year-over-year growth 2020-2025 (%)

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

Exhibit 19: International cultural tourism - Market size and forecast 2020-2025 ($ billion)
Exhibit 20: International cultural tourism - Year-over-year growth 2020-2025 (%)

5.5 Market opportunity by Type

Exhibit 21: Market opportunity by Type

6 Market Segmentation by Category

6.1 Market segments

Exhibit 22: Category - Market share 2020-2025 (%)

6.2 Comparison by Category

Exhibit 23: Comparison by Category

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

Exhibit 24: Cultural eco-tourism - Market size and forecast 2020-2025 ($ billion)
Exhibit 25: Cultural eco-tourism - Year-over-year growth 2020-2025 (%)

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

Exhibit 26: Indigenous cultural tourism - Market size and forecast 2020-2025 ($ billion)
Exhibit 27: Indigenous cultural tourism - Year-over-year growth 2020-2025 (%)

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

Exhibit 28: Socio-cultural tourism - Market size and forecast 2020-2025 ($ billion)
Exhibit 29: Socio-cultural tourism - Year-over-year growth 2020-2025 (%)

6.6 Market opportunity by Category

Exhibit 30: Market opportunity by Category

7 Customer landscape

7.1 Customer landscape

Exhibit 31: Customer landscape

8 Geographic Landscape

8.1 Geographic segmentation

Exhibit 32: Market share by geography 2020-2025 (%)

8.2 Geographic comparison

Exhibit 33: Geographic comparison

8.3 Europe - Market size and forecast 2020-2025

Exhibit 34: Europe - Market size and forecast 2020-2025 ($ billion)
Exhibit 35: Europe - Year-over-year growth 2020-2025 (%)

8.4 APAC - Market size and forecast 2020-2025

Exhibit 36: APAC - Market size and forecast 2020-2025 ($ billion)
Exhibit 37: APAC - Year-over-year growth 2020-2025 (%)

8.5 North America - Market size and forecast 2020-2025

Exhibit 38: North America - Market size and forecast 2020-2025 ($ billion)
Exhibit 39: North America - Year-over-year growth 2020-2025 (%)

8.6 MEA - Market size and forecast 2020-2025

Exhibit 40: MEA - Market size and forecast 2020-2025 ($ billion)
Exhibit 41: MEA - Year-over-year growth 2020-2025 (%)

8.7 South America - Market size and forecast 2020-2025

Exhibit 42: South America - Market size and forecast 2020-2025 ($ billion)
Exhibit 43: South America - Year-over-year growth 2020-2025 (%)

8.8 Key leading countries

Exhibit 44: Key leading countries

8.9 Market opportunity by geography

Exhibit 45: Market opportunity by geography ($ billion)

9 Drivers, Challenges, and Trends

9.1 Market drivers

9.2 Market challenges

Exhibit 46: Impact of drivers and challenges

9.3 Market trends

10 Vendor Landscape

10.1 Overview

Exhibit 47: Vendor landscape

10.2 Landscape disruption

11 Vendor Analysis

11.1 Vendors covered

Exhibit 50: Vendors covered

11.2 Market positioning of vendors

Exhibit 51: Market positioning of vendors

11.3 ACE Cultural Tours

Exhibit 52: ACE Cultural Tours - Overview
Exhibit 53: ACE Cultural Tours - Product and service
Exhibit 54: ACE Cultural Tours - Key offerings

11.4 Classic Journeys

Exhibit 55: Classic Journeys - Overview
Exhibit 56: Classic Journeys - Product and service
Exhibit 57: Classic Journeys - Key offerings

11.5 Envoy Tours

Exhibit 58: Envoy Tours - Overview
Exhibit 59: Envoy Tours - Product and service
Exhibit 60: Envoy Tours - Key offerings

11.6 Indigenous Tourism BC

Exhibit 61: Indigenous Tourism BC - Overview
Exhibit 62: Indigenous Tourism BC - Product and service
Exhibit 63: Indigenous Tourism BC - Key offerings

11.7 Kudu Travel Ltd.

Exhibit 64: Kudu Travel Ltd. - Overview
Exhibit 65: Kudu Travel Ltd. - Product and service
Exhibit 66: Kudu Travel Ltd. - Key news
Exhibit 67: Kudu Travel Ltd. - Key offerings

11.8 Martin Randall Travel Ltd.

Exhibit 68: Martin Randall Travel Ltd. - Overview
Exhibit 69: Martin Randall Travel Ltd. - Product and service
Exhibit 70: Martin Randall Travel Ltd. - Key offerings

11.9 Nature Quest New Zealand Ltd.

Exhibit 71: Nature Quest New Zealand Ltd. - Overview
Exhibit 72: Nature Quest New Zealand Ltd. - Product and service
Exhibit 73: Nature Quest New Zealand Ltd. - Key offerings

11.10 Odyssey World

Exhibit 74: Odyssey World - Overview
Exhibit 75: Odyssey World - Product and service
Exhibit 76: Odyssey World - Key offerings

11.11 Responsible Travel

Exhibit 77: Responsible Travel - Overview
Exhibit 78: Responsible Travel - Product and service
Exhibit 79: Responsible Travel - Key offerings

11.12 Splitrock Environmental

Exhibit 80: Splitrock Environmental - Overview
Exhibit 81: Splitrock Environmental - Product and service
Exhibit 82: Splitrock Environmental - Key offerings

12 Appendix

12.1 Scope of the report

12.2 Currency conversion rates for US$

Exhibit 83: Currency conversion rates for US$

12.3 Research methodology

Exhibit 84: Research Methodology
Exhibit 85: Validation techniques employed for market sizing
Exhibit 86: Information sources

12.4 List of abbreviations

Exhibit 87: List of abbreviations

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