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Global Safari Travel Market to reach USD 46.37 billion by the end of 2029

Global Safari Travel Market Size study & Forecast, by Type (Adventure Travel, Personalized Vacation), by Age Group (Millennial, Generation X, Baby Boomers, Silver Hair), by Industry Vertical (Customized & Private Vacations, Safari & Adventure, Cruises, Yachting & Small Ship Expeditions, Celebration Journeys, Culinary Travel & Shopping) and Regional Analysis, 2022-2029

Product Code: OIRTT-67709564
Publish Date: 29-01-2023
Page: 200

Global Safari Travel Market is valued at approximately USD 32.3 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.3% over the forecast period 2022-2029. Safari Travel refers to a trip done overland. Safari travel is a journey to observe the wildlife in their natural habitat, especially on African land. Moreover, the idea and concept of wildlife safari were born and evolved in Africa. Companies operating in Safari Travel Market offer different packages such as adventure safari, water safari, cycling safari, camping safari, guided safari, and self-driving safari among others. The increasing growth of Travel & Tourism sector in post covid era and growing inclination from bloggers and influencers in safari travel as well as strategic initiatives from leading market players are key factors accelerating the market growth.

The rising expansion of travel and tourism sector in post covid era is contributing to the growth of the Global Safari Travel market. For instance, according to Statista – as of 2022, the revenue in the global travel & tourism market is estimated at USD 716.80 billion, and the global revenue is projected to grow at a CAGR of 8.46% in 2022-2026 period, to reach to a projected market volume of USD 992.10 billion by 2026. Also, growing impact of social media on the travel industry and rising emergence of online booking platforms would create a lucrative growth prospectus for the market over the forecast period. However, high costs associated with Safari tour packages impede the market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Safari Travel Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Middle East and Africa (MEA) region dominated the market in terms of revenue, owing to the dominance of the region as the world’s top destination for safari travel and presence of leading market payers. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as presence of national parks, safaris, and wildlife reserves as well as rising expansion of travel & tourism sector in post covid era in the region.

Major market players included in this report are:
Wilderness Safaris
Thomas Cook Group
Scott Dunn
Rothschild Safaris
Travcoa, & Beyond
Abercrombie & Kent Ltd
Gamewatchers Safaris
Cox & Kings Ltd

Recent Developments in the Market:
 In February 2020, Desert Safari UAE launched the Dubai Desert Safari tour packages for domestic and international travellers. The company rolled out a wide range of tour packages including private desert safari tours, royal desert safari tours, morning desert safari combo with quad bike & camel ride, desert safari in Hummer, and overnight desert safari among others.

 In October 2021, Gaborone, Botswana based Wilderness Safari completed acquisition of Yellow Zebra Travel Limited. Yellow Zebra Travel Limited is a leading provider of tailor-made African safari holidays.

Global Safari Travel Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Age Group, Industry Vertical, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type
Adventure Travel
Personalized Vacation

By Age Group
Generation X
Baby Boomers
Silver Hair

By Industry Vertical
Customized & Private Vacations
Safari & Adventure
Cruises, Yachting & Small Ship Expeditions
Celebration Journeys
Culinary Travel & Shopping

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Safari Travel Market, by Region, 2019-2029 (USD Billion)
1.2.2. Safari Travel Market, by Type, 2019-2029 (USD Billion)
1.2.3. Safari Travel Market, by Age Group, 2019-2029 (USD Billion)
1.2.4. Safari Travel Market, by Industry Vertical, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Safari Travel Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Safari Travel Market Dynamics
3.1. Safari Travel Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Increasing growth of Travel & Tourism sector in post covid era Growing inclination from bloggers and influencers in safari travel Strategic initiatives from leading market players
3.1.2. Market Challenges High Costs associated with Safari tour packages
3.1.3. Market Opportunities Growing impact of social media on the travel industry Rising emergence of online booking platforms
Chapter 4. Global Safari Travel Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Safari Travel Market, by Type
6.1. Market Snapshot
6.2. Global Safari Travel Market by Type, Performance – Potential Analysis
6.3. Global Safari Travel Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. Safari Travel Market, Sub Segment Analysis
6.4.1. Adventure Travel
6.4.2. Personalized Vacation
Chapter 7. Global Safari Travel Market, by Age Group
7.1. Market Snapshot
7.2. Global Safari Travel Market by Age Group, Performance – Potential Analysis
7.3. Global Safari Travel Market Estimates & Forecasts by Age Group 2019-2029 (USD Billion)
7.4. Safari Travel Market, Sub Segment Analysis
7.4.1. Millennial
7.4.2. Generation X
7.4.3. Baby Boomers
7.4.4. Silver Hair
Chapter 8. Global Safari Travel Market, by Industry Vertical
8.1. Market Snapshot
8.2. Global Safari Travel Market by Industry Vertical, Performance – Potential Analysis
8.3. Global Safari Travel Market Estimates & Forecasts by Industry Vertical 2019-2029 (USD Billion)
8.4. Safari Travel Market, Sub Segment Analysis
8.4.1. Customized & Private Vacations
8.4.2. Safari & Adventure Cruises
8.4.3. Yachting & Small Ship Expeditions
8.4.4. Celebration Journeys
8.4.5. Culinary Travel & Shopping
Chapter 9. Global Safari Travel Market, Regional Analysis
9.1. Safari Travel Market, Regional Market Snapshot
9.2. North America Safari Travel Market
9.2.1. U.S. Safari Travel Market Type breakdown estimates & forecasts, 2019-2029 Age Group breakdown estimates & forecasts, 2019-2029 Industry Vertical breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Safari Travel Market
9.3. Europe Safari Travel Market Snapshot
9.3.1. U.K. Safari Travel Market
9.3.2. Germany Safari Travel Market
9.3.3. France Safari Travel Market
9.3.4. Spain Safari Travel Market
9.3.5. Italy Safari Travel Market
9.3.6. Rest of Europe Safari Travel Market
9.4. Asia-Pacific Safari Travel Market Snapshot
9.4.1. China Safari Travel Market
9.4.2. India Safari Travel Market
9.4.3. Japan Safari Travel Market
9.4.4. Australia Safari Travel Market
9.4.5. South Korea Safari Travel Market
9.4.6. Rest of Asia Pacific Safari Travel Market
9.5. Latin America Safari Travel Market Snapshot
9.5.1. Brazil Safari Travel Market
9.5.2. Mexico Safari Travel Market
9.5.3. Rest of Latin America Safari Travel Market
9.6. Rest of The World Safari Travel Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Wilderness Safaris Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Thomas Cook Group
10.2.3. Singita
10.2.4. Scott Dunn
10.2.5. Rothschild Safaris
10.2.6. Travcoa, & Beyond
10.2.7. Abercrombie & Kent Ltd
10.2.8. Gamewatchers Safaris
10.2.9. Backroads
10.2.10. Cox & Kings Ltd
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
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Market driving trends and favorable economic conditions
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