The growing global travel and tourism industry is significantly contributing to the growth of the global agritourism market. Also, the considerable expansion of the global tourism industry has had a corresponding positive impact on the GDP of several nations. Several nations governments worldwide have implemented strategies to accelerate the growth of their tourism industry. The global increase in the number of tourists has also accelerated the demand for farm stays. For instance, the market has witnessed an increasing demand for farm stays, private homes, cabins, beach houses, villas and cottages in and around agricultural lands has increased considerably. The popularity of adventure travel and tourism has enabled the growth of the global tourism industry. which has had a corresponding impact on the market in focus as well. Our analysts have predicted that the agritourism market will register a CAGR of close to 18% by 2023.
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Market Overview
Technological advancement
Technological advancements significantly impact vendors in the global agritourism market also, such advancements aid in expanding their customer base. The owners of agricultural properties are investing in smart safety devices and monitoring systems that detect intrusion and issue timely alerts. The increasing use of channel-management tools is expected to have a positive impact on the growth of the global agritourism market during the forecast period.
Risks associated with fraudulent vacation rental houses, apartments, and homestays
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The global agritourism market is prone to the negative impact associated with multiple risk factors. Such factors also have an adverse impact on customer trust, which hinders the growth of the market. Scams, fraudulent reviews, and unethical dealings affect the operations of the key vendors in the market.
For the detailed list of factors that will drive and challenge the growth of the agritourism market during the 2019-2023, view our report.
Competitive Landscape
The market appears to be moderately fragmented and with the presence of several companies. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
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Table of Contents
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
– 2.1 Preface
– 2.2 Preface
– 2.3 Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
– Market characteristics
– Market segmentation analysis
PART 04: MARKET SIZING
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– Market definition
– Market sizing 2018
– Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
– Bargaining power of buyers
– Bargaining power of suppliers
– Threat of new entrants
– Threat of substitutes
– Threat of rivalry
– Market condition
PART 06: MARKET SEGMENTATION BY TYPE
– Market segmentation by type
– Comparison by type
– Domestic – Market size and forecast 2018-2023
– International – Market size and forecast 2018-2023
– Market opportunity by type
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
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