The global parks and outdoors market makes an immense contribution to the sectors dealing with recreation and tourism, as well as the environment. These segments include national parks, outdoor recreational facilities, adventure tourism, and ecological tourism. The governments, along with private operators, encourage investment in parks and outdoor facilities in order to enhance public health, tourism, and preservation of the environment.
In 2023, the global parks and outdoor market was worth $1.2 trillion, with a compound annual growth rate (CAGR) of 5.3 percent expected over the next six years, 2024–2030. The growth of the market can be seen in the fact that there is a considerable expansion in the outdoor recreational industry and eco-tourism, as well as policy measures from the government to construct parks and conserve the environment.
The global parks and outdoors market makes an immense contribution to the sectors dealing with recreation and tourism, as well as the environment. These segments include national parks, outdoor recreational facilities, adventure tourism, and ecological tourism. The governments, along with private operators, encourage investment in parks and outdoor facilities in order to enhance public health, tourism, and preservation of the environment.
In 2023, the global parks and outdoor market was worth $1.2 trillion, with a compound annual growth rate (CAGR) of 5.3 percent expected over the next six years, 2024–2030. The growth of the market can be seen in the fact that there is a considerable expansion in the outdoor recreational industry and eco-tourism, as well as policy measures from the government to construct parks and conserve the environment.
The parks and outdoors industry refers to people, companies, and agencies that take part in the coordination and development of outdoor activities, parks, conservation education, and tourism. Its objectives are to expand the public's access to nature and encourage the development of responsible tourism.
1. National and State Parks: Conservation-bounded areas generally have organized walking routes and animal watching.
2. Countryside Sports & Activities: steep hill ascents, oarsmanship on a fast-flowing river, and jumping out of a plane.
3. Responsible Ecotourism and Travel: Game drives, jungle tours, and green travel.
4. Gratification of Camping & Caravan Parks: Regular camps, posh camps, and RVs.
5. Land & Water Theme Parks: popular amusement parks featuring outdoor activities.
6. Centers for Wildlife & Botanical Gardens: Areas designed for maintaining biological diversity that are also open to the public.
1. Sustainable Tourism Concepts: Decreased ecological damage and increased promotion of environmental conservation.
2. Applications of technology in the outdoors: utilizing smartphone apps and augmented reality to map trails while hiking and visiting parks.
3. Increase in wellness holidays: Consumers are willing to spend much time outdoors for the purposes of recreation.
4. Booms in private and commercial parks: There is an increase in the funds directed towards the construction of theme and adventure parks, as well as eco resorts.
5. Concern for Climate Change and the Environment: More emphasis on conserving the existing natural resources and the environment.
6. Increasing Preference for Camping and Outdoor Gear: Introduced sales of outdoor gear, including hiking and camping, which has resulted in increased engagement in activities of the outdoors.
Outdoor Activities on the Rise: More than half of the people traveling around the world are engaging with outdoor activities during their trips.
Eco-tourism boom: The industry is expected to be worth more than 400 billion by 2030.
Growing Popularity of Adventure Travel: This segment is projected to expand at an annual growth rate of 6.8% owing to the growing preference for experience-based travel.
Virtual Parks: There are several features of artificial intelligence in the parks for improving tourists’ refunds, such as smart guides, virtual visits, or even booking smart systems.
State and Private Funding: Parks and recreation projects have been receiving large capital investments from the governments and the private sector.
1. Active/Relaxation Based: Trekking, picnicking in a park, mountain climbing, green tourism, and amusement parks.
2. Destination Based: Public parks, controlled or private grounds, reserved areas, outdoor accommodation sites, and camps.
3. Consumer Types Based: Kids, extreme sports participants, yogis, conservation peers.
4. Geographical Regions Based: Also per geography, which is made up of Latin America, Asia Pacific, Europe, and North America.
5. Infrastructure and services: In addition to park executive management, we also provide shop outfitting, outdoor outfitting, and adventure travel operations.
1. United States Agency for National Parks—Responsible for Protecting the Public Lands within the U.S.
2. Disney’s International Resort—Well known for theme parks and leisure park operations.
3. Retailers’ Equipment Incorporation (REI), U.S.— The company is a leading outdoor activity gear and clothing retailer.
4. The North Face and Patagonia, USA—world’s leading brands in the manufacture of sports clothes and adventure equipment.
5. TUI AG—Founded in Europe, it is a global, enormous travel company dealing with outdoor tourism.
The Walt Disney and Universal Studios Parks and Resorts are the main companies for theme park management.
7. AWF—African Wildlife Foundation (Africa)— A non-governmental organization engages in ecotourism as a means of wildlife conservation.
8. Outward Bound USA—Understands outdoor educational programs and training in outdoor adventure for youth.
9. Glamping Association—Leading High-End Open-Air Traveling & Leisure Companies.
10. G Adventures (from Canada) organizes light-hour outdoor group activities and extreme trips with small numbers of tourists.