Global Polar Travel Market Overview: 2024-2030

Base Year: 2023

Historical Years:  2019-22

Forecast Years: 2024-2030

The polar travel market research report reveals the current market standards as well as the latest patterns and strategic developments of the market participants in an unbiased manner. 

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Global Polar Travel Market Dynamics: 2024-2030

Global Polar Travel Market Driver:

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.

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Global Polar Travel Market (2024-30): Segmentation Outlook

The market report has segmented the market into the following categories:

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

The Generation X segment held a substantial share of the polar travel market

By Region

-North America

-South America

-Europe

-The Middle East & Africa

-Asia-Pacific.

Of all the regions globally, Europe is predicted to hold a substantial share of the Global Polar Travel market, because it is close to the Arctic,

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Top Companies Operating in the Global Polar Travel Market:

-Quark Expeditions

-Lindblad Expeditions

-TUI Group

-Thomas Cook Group

-Abercrombie & Kent Ltd.

-Cox & Kings Ltd

-Jet2 Holidays

-Poseidon Expeditions

-Hurtigruten.

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