The Business Research Company’s report on the Industrial Tourism Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the industrial tourism market in recent years?
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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What is the projected market size of the industrial tourism industry, and how is it expected to grow?
The industrial tourism market size has grown exponentially in recent years. It will grow from $2.6 billion in 2024 to $3.38 billion in 2025 at a compound annual growth rate (CAGR) of 29.7%. 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 $10.62 billion in 2029 at a compound annual growth rate (CAGR) of 33.1%. The growth in the forecast period can be attributed to the 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.
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Who are the key players driving competition in the industrial tourism market?
Major companies operating in the industrial tourism market include TUI AG, AAA Club Alliance Inc., Expedia Group Inc., Global Business Travel Group Inc., BCD Travel, Fareportal Inc., Direct Travel Inc., World Travel Inc., ALTOUR International Inc., JTB Americas Ltd., Omega World Travel, Lindblad Expeditions Holdings Inc., Tauck Inc., Frosch International Travel LLC, Topdeck Travel, Travel Leaders Group LLC, Ovation Travel Group, Quasar Expeditions Inc., Peregrine Adventures Pty Ltd., China Tourism Group Duty Free Corporation Limited, China CYTS Tours Holding Co. Ltd., Bamba Experience Inc., Smithsonian Journeys.
What key trends are expected to drive the industrial margarine market during the forecast period?
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.
Which key geographies are driving the growth of the industrial tourism market?
North America was the largest region in the industrial tourism market in 2024. The regions covered in the industrial tourism market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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What are the key segments driving growth in the industrial tourism market?
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
Subsegments:
1) By Industrial Heritage Tourism: Historical Industrial Sites, Industrial Museums, Heritage Railways
2) By Company Visits: Factory Tours, Corporate Experience Programs, Open Days
3) By Scientific Tourism: Research Facility Tours, Science And Technology Exhibits, Field Research Experiences
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What defines the structure and scope of the industrial tourism market?
Industrial tourism refers to the idea of visiting locations connected to the industries most prevalent in a specific location. It frequently includes visits to active businesses and industrial history, offers an experience related to particular products, and allows visitors to see and learn about the production process.
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