The new industrial tourism market is expected to reach $7.3 billion. | kbnmart

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The industrial tourism market has witnessed significant growth, expanding from $1.86 billion in 2023 to $2.43 billion in 2024, at a compound annual growth rate (CAGR) of 30.4%. This growth is attributed to global industrialization, adoption of automation, economic expansion, and a booming manufacturing sector.

Expected market growth

The industrial tourism market is expected to continue its strong trajectory, reaching USD 7.3 billion by 2028, at a CAGR of 31.7%. The key factors behind this growth include the expansion of the agricultural sector, rising demand for energy, increasing research and development activities, and rising disposable incomes.

Growth drivers

The rise in cultural and heritage tourism is a major contributor to the industrial tourism market. This type of tourism allows visitors to explore the industrial heritage and manufacturing processes of the destination, thus enhancing cultural and heritage tourism experiences.

Key Players and Market Trends

Prominent companies in the industrial tourism market include TUI AG, AAA Club Alliance Inc., Expedia Group Inc., Global Business Travel Group Inc., BCD Travel, Fareportal Inc., and Direct Travel Inc. These companies are innovating new approaches, such as forming strategic partnerships, to maintain their market position. Such partnerships promote sustainable development and provide rich experiences while showcasing the unique heritage of industrial sectors.

Market segmentation

The industrial tourism market is segmented by type (industrial heritage tourism, corporate visits, scientific tourism), visitor type (students, professionals, leisure travelers), application (different age groups), and industry (manufacturing, agriculture, energy, technology, transportation, space, science centers).

Geographical Insights

North America led the industrial tourism market in 2023, with significant contributions from Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Definition and Scope

Industrial tourism refers to visits to sites associated with dominant industries, often including tours of active companies and industrial history. This form of tourism provides experiences associated with specific products and allows visitors to learn about production processes.

Market Insights

The Global Industrial Tourism Market Report 2024 offers comprehensive insights on market size, drivers, trends, key players and market position across different geographies. The report helps companies tap growth opportunities and capitalize on high-potential segments.