MarkNtel Advisors – Leading Market Research Company found Polar Travel Market is estimated to grow at an impressive rate during the forecast period, i.e., 2030.
This report provides a comprehensive analysis of the Global Polar Travel Market, with a focus on market size, segmentation, key players, geographical analysis, and growth in the coming years. The expert team of analysts invested considerable time and effort in collecting and analyzing the latest market data, producing a comprehensive and current report that provides valuable insights for decision-makers, including business owners and analysts.
Comprehensive Analysis of the Polar Travel Market
Base Year: 2023
Forecast Years: 2024-2030
Historical Years: 2019-2022
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Scope of the Polar Travel Market Report:
MarkNtel Advisors' latest research report on the Global Polar Travel Market Covers Market Overview, Future Economic Impact, Manufacturer Competition, Supply, and Consumption Analysis. With our analysts following the situation across the world, the impact of COVID-19 on the researched market is thoroughly investigated. The research involves an in-depth examination of the various strategies and methodologies employed in the development of market products and services. The research examines a variety of factors, including industry chain analysis, cost structure analysis, and end-use segments, to present readers with a plethora of information. The study examines the most recent industry trends in order to assess their impact on the global market.
Which prominent factor is expected to drive the Polar Travel Market during 2024-30?
Fast Economic Growth in New Markets: As the world becomes more connected through globalization and we see improvements in infrastructure around the globe, one of the main reasons more people are traveling to places like the polar regions is because of the growing economies in newer markets. For example, in 2023, the World Bank said that the global economy grew by about 2.7%, which is good news. But when we look closer, it's actually the newer markets and developing countries that grew even faster, at around 4.1%. Among these places, countries like China, India, and Brazil have been changing quickly, with more cities, more technology, and a growing middle class.
China is a great example of this. They now have over 400 million people in the middle class, and these folks are starting to change how they spend their money. They're interested in trying new and different things. The International Association of Antarctica Tour Operators (IAATO) noticed this too. They found that the number of Chinese tourists going to Antarctica went from just 2,000 in the 2010-2011 season to a big 8,000 by 2018-2019. That's four times as many in less than ten years! Since polar trips can be quite expensive, often more than $10,000, it's clear that these amazing adventures are now something that many people in these societies can afford and really want to do.
What are the different Segment Available in the Polar Travel Market?
By Type
- Antarctic- Market Size & Forecast 2019-2030, USD Million
- Arctic- Market Size & Forecast 2019-2030, USD Million
- The Himalayas- Market Size & Forecast 2019-2030, USD Million
- Others- Market Size & Forecast 2019-2030, USD Million
By End User
- Millennial- Market Size & Forecast 2019-2030, USD Million
- Generation X- Market Size & Forecast 2019-2030, USD Million
- Baby Boomers- Market Size & Forecast 2019-2030, USD Million
- Others- Market Size & Forecast 2019-2030, USD Million
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific.
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Leading Polar Travel companies operating in the Market
- Quark Expeditions
- Lindblad Expeditions
- TUI Group
- Thomas Cook Group
- Abercrombie & Kent Ltd.
- Cox & Kings Ltd
- Jet2 Holidays
- Poseidon Expeditions
- Hurtigruten
- Silversea Cruises
- Aurora Expeditions
- G Adventures
- Micato Safaris
- Scott Dunn
- Tauck
- Others.
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