Sightseeing Transport and Support Activities for Transport Global Market Report 2024

The sightseeing transport & support activities for transport market size has grown strongly in recent years. It will grow from $1311.46 billion in 2023 to $1408.98 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The expansion observed in the historical period can be attributed to the growth of the tourism industry, fostering cultural exchange, contributing to economic growth, effective marketing and promotion strategies, and the influence of events and festivals.

The sightseeing transport & support activities for transport market size is expected to see strong growth in the next few years. It will grow to $1835.26 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The anticipated growth in the forecast period can be attributed to the recovery of global tourism, the adoption of sustainable tourism practices, the increase in solo travel, a growing interest in cultural and heritage tourism, and the rise of experiential tourism. Major trends expected in this forecast period include the demand for personalized and customized experiences, the popularity of electric and sustainable transportation options, the digitalization of booking and planning processes, the implementation of health and safety protocols, and a heightened focus on culinary and gastronomic sightseeing experiences.

The sightseeing transportation and support activities for the transportation market are anticipated to experience growth, propelled by the increasing trend in tourism. Tourism, involving the pursuit of leisure and relaxation away from home, often relies on businesses offering transportation and support services for sightseeing. The global international tourist arrivals in 2022 reached 917 million, marking a substantial increase from 2021, as reported by the United Nations World Tourism Organization. This surge in tourism is expected to drive the growth of sightseeing transportation and support activities for the transportation market.

A significant driver for the sightseeing transport market is the escalating demand for cruise travel. Cruise tourism, characterized by leisure voyages on large ships with various amenities, contributes significantly to the sightseeing transport and support activities for transportation. According to the Cruise Lines International Association, expedition cruises experienced a 70% growth in passenger traffic in 2022 compared to the previous five years. Specifically, expedition cruise travel to Antarctica saw a remarkable 51% increase in 2022. This growing demand for cruise travel is anticipated to fuel the growth of sightseeing transport and support activities for the transport market.

Technological advancements represent a prominent trend in this market, with companies focusing on innovation to strengthen their market position. In November 2022, the Beijing Institute of Technology Chongqing Innovation Center introduced the world's first manned two-seat smart split-type flying car. This innovative flying car is designed for logistics, urgent rescue, and sightseeing, showcasing smart sensor technology for seamless transitions between ground and air travel.

Strategic partnerships are another approach adopted by major companies in the sightseeing transport and support activities for the transport market. For instance, Palisis, a Switzerland-based software company, announced a partnership with Ticketer, a UK-based electronic ticket machine brand, in February 2022. This partnership aims to enhance ticketing and connectivity in the tourism industry by integrating the Ticketer platform with Palisis, allowing operators to make tickets available through online marketplaces and facilitating the sale of integrated transportation services.

In July 2021, SeaLink Travel Group Limited, an Australia-based transport service provider, acquired Go West Tours for $73 million (AUD$113 million). This strategic move by SeaLink aims to diversify its product portfolio and support future expansion, as Go West Tours is a prominent player in the transport and travel industry, catering to adventure and sightseeing.

Major companies operating in the sightseeing transport and support activities for transport market report are Gray Line Worldwide, IMPRESS Destination Services, Network Executive Limousine Ltd., NLS Transport Services Pte Ltd., Viator, Generbus Srl, KLOOK TRAVEL TECHNOLOGY INDIA PRIVATE LIMITED, Intertek, Toronto Bus Company, French Riviera Sightseeing, Orlando Heli-Tours, Zohery Tours, De Palm Tours, Tourism Tiger, Anaheim Tour Company, Hood Meadows Oreg LLC, Eldora Enterprises LLC, New Bromley Operating Inc, Taos Ski Valley Inc, Grand Canyon Airlines Inc, Loon Mountain Recreation Corp, Mount Snow Ltd, City Sightseeing Worldwide, Big Bus Tours, The Original Tour, Coach USA, Red and White Fleet, Hornblower Cruises & Events, Princess Cruises, Royal Caribbean International, Carnival Corporation & plc, Norwegian Cruise Line Holdings Ltd., MSC Cruises S.A., Viking Cruises, Seabourn Cruise Line, Crystal Cruises, Disney Cruise Line, American Cruise Lines, Rocky Mountaineer, Alaska Railroad Corporation, VIA Rail Canada, Belmond Ltd.

Asia-Pacific was the largest region in the sightseeing transport and support activities for the transport market in 2023. The regions covered in the sightseeing transport and support activities for transport market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the sightseeing transport and support activities for transport market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The main types of sightseeing transport and support activities for transport include air transportation, rail transportation, water transportation, road transportation, freight transportation arrangements, and others. Support activities for air transportation involve organizations primarily engaged in delivering specialized services for air transportation, such as air traffic control, aircraft cleaning and janitorial services, aircraft servicing and repairing (except on a factory basis), among others. These services encompass aerial services, nautical services (excluding cruises), cruises, ground services, and more. They cater to various end-users, including individuals, tour operators, conventions, visitor bureaus, hotels, motels, and others.

The sightseeing transport and support activities for transport market research report is one of a series of new reports that provides sightseeing transport and support activities for transport market statistics, including sightseeing transport and support activities for transport market industry global market size, regional shares, competitors with a sightseeing transport and support activities for transport market share, detailed sightseeing transport and support activities for transport market segments, market trends and opportunities, and any further data you may need to thrive in the sightseeing transport and support activities for transport market industry. This sightseeing transport and support activities for transport market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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