Riding Tourism Market was valued at USD 12.6 Billion in 2022 and is projected to reach USD 21.5 Billion by 2030, growing at a CAGR of 7.2% from 2024 to 2030.
As we look to the future, from 2023 to 2033, the Riding Tourism market is expected to see continued demand driven by several factors, including a surge in international tourism, growing interest in rural and nature-based tourism, and increased participation from millennial and Gen Z travelers. These generations are more likely to seek sustainable and responsible travel options, making riding tourism an attractive choice. According to recent industry projections, the market is expected to expand at a compounded annual growth rate (CAGR) of 5.7% over the next decade. Several regions, including Europe, North America, and parts of Asia, are likely to see the most significant growth as they expand their infrastructure for riding tourism, offering both traditional and innovative riding experiences.
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The Riding Tourism market has seen significant growth between 2018 and 2022, driven by an increasing global interest in adventure travel, eco-tourism, and immersive nature experiences. Tourists seeking off-the-beaten-path experiences have increasingly turned to riding tours that provide not only a connection to nature but also a unique cultural experience. Riding tourism, encompassing activities such as horseback riding, camel trekking, and cycling, has become a prominent segment in the global tourism industry. Data from several tourism boards and tour operators indicate that the market has experienced steady growth in both developed and emerging markets. The surge in demand for eco-friendly and sustainable tourism has played a pivotal role in pushing the riding tourism industry forward, particularly in regions known for their diverse landscapes and rich cultural heritages.
Backroads
Zicasso
Exodus Travels
Thomas Cook Group
Jet2 Holidays
Cox & Kings Ltd
Lindblad Expeditions
Travcoa
Scott Dunn
Abercrombie & Kent Ltd
Micato Safaris
Tauck
Al Tayyar
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Riding Tourism Market
Millennial
Generation X
Baby Boomers
Based on Types the Market is categorized into Below types that held the largest Riding Tourism market share In 2023.
Highway
Mountain
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Riding Tourism Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Riding Tourism Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Riding Tourism Market, By Type
6. Global Riding Tourism Market, By Application
7. Global Riding Tourism Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Riding Tourism Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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