Categories: Market Research

Industrial Tourism Market Growth Trajectory Through 2024-2033

The Industrial Tourism Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Industrial Tourism Global Market Report 2024, The industrial tourism market size has grown exponentially in recent years. It will grow from $1.86 billion in 2023 to $2.43 billion in 2024 at a compound annual growth rate (CAGR) of 30.4%. The growth in the historic period can be attributed to global industrialization, adoption of automation, economic growth, growing manufacturing sector.

The industrial tourism market size is expected to see exponential growth in the next few years. It will grow to $7.3 billion in 2028 at a compound annual growth rate (CAGR) of 31.7%. The growth in the forecast period can be attributed to growing agriculture sector, increasing energy demand, increasing research and development, increasing disposable income. Major trends in the forecast period include introduction of travel chatbots, innovative marketing strategies, integration of virtual reality and augmented reality, technological advancements, product innovations.

The rise in demand for experiential travel is expected to propel the growth of the industrial tourism market going forward. Experiential travel refers to a type of travel that involves engaging actively and meaningfully with the nature, people, and culture of a destination to produce unforgettable experiences. Experimental travel encourages industrial tourism by providing immersive experiences and hands-on activities in industrial settings, creating special and educational opportunities for visitors to explore and engage with various industries, and bringing tourists to industrial areas. For instance, in July 2022, according to the International Trade Administration, a US-based Intergovernmental organization, the total non-resident international visitor flow to the United States increased to 5,210,752, which has increased by 160.8% compared to July 2021. Therefore, the rise in demand for experiential travel is driving the industrial tourism market.

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The industrial tourism market covered in this report is segmented –

1) By Type: Industrial Heritage Tourism, Company Visits, Scientific Tourism
2) By Visitor Type: Students, Professionals, Leisure Travelers
3) By Application: Below 20 Years, 20-30 Years, 30-40 Years, 40-50 Years, Above 50 Years
4) By Industry: Manufacturing, Agriculture, Energy, Technology, Transportation, Aerospace, Science Centers

The introduction of various industrial tourism is a key trend gaining popularity in the industrial tourism market. Companies operating in the industrial tourism market are focused on innovating new products to sustain their position in the market. For instance, in February 2023, Metalloinvest Management Company LLC, a Russia-based mining and metallurgy company, launched industrial tourism at Alexey Ugarov Oskol Electrometallurgical Plant (OEMK). This allows guests to learn about green metallurgy technologies that work in harmony with nature as well as the most recent professions. Additionally, tourists were given instructions about industrial safety, they are also provided with overalls and shoes and other personal protective equipment.

The industrial tourism market report table of contents includes:

1. Executive Summary
2. Industrial Tourism Market Characteristics
3. Industrial Tourism Market Trends And Strategies
4. Industrial Tourism Market analysis
5. Industrial Tourism Market Size And Growth
6.Industrial Tourism Segmentation
7. Industrial Tourism Regional And Country Analysis
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27.Industrial Tourism Competitive Landscape And Company Profiles
28.Industrial Tourism Key Mergers And Acquisitions
29. Industrial Tourism Future Outlook and Potential Analysis

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