The Global Sightseeing Transportation Services Market Was Valued At $1 Trillion


Posted August 1, 2018 by ananth

The global sightseeing transportation & support activities for transportation market was valued at $1256.3 billion in 2017. Western Europe was the largest geographic region accounting for $424.1 billion or 33.7% of the global market.
 
Sightseeing transportation service providers provide ground, nautical and aerial sightseeing transportation for everyday consumers. These services include: sightseeing buses and trolleys; steam train excursions; horse-drawn sightseeing rides; helicopter rides; hot air balloon rides and boat and dinner cruises. The services provided are usually local and involve same-day return to the place of origin.
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The global sightseeing transportation & support activities for transportation market was valued at $1 trillion in 2017. This is due to increasing investments in transportation networks in remote areas and increasing connectivity in emerging economies such as India, China, and Brazil, increasing government investments, low oil prices and increasing adoption of big data analytics to analyse consumer behaviour is expected to drive the market in the forecast period.
The market can be easily split into scenic and sightseeing transportation, and support activities for transportation.
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The USA was the largest country in the market, accounting for around one-fifth of the global sightseeing transportation & support activities for transportation market share. This is mainly due to the presence of an extensive transportation network, high disposable income and a large customer base which includes both B2B and B2C customers. The USA was followed by China and India as the next largest countries in the market.
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Issued By Anantha
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Categories Transportation
Tags scenic travel market report , shuttle service market analysis , sightseeing transportation and support activities for transportation global market report 2018 , sightseeing transportation market report , support activities for transportation global market report , taxi service market analysis
Last Updated August 1, 2018