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Global Agritourism Market 2019-2023, Forecast to Grow at Approx 18% CAGR - Technological Advancements Aid in Expanding Vendors’ Customer Base, Which is Driving the Market - ResearchAndMarkets.com

February 20, 2019

DUBLIN--(BUSINESS WIRE)--Feb 20, 2019--The “Global Agritourism Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.

The agritourism market will register a CAGR of close to 18% by 2023.

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.

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

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.

Competitive Landscape

The market appears to be moderately fragmented 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.

Key Players

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

PART 04: MARKET SIZING

PART 05: FIVE FORCES ANALYSIS

PART 06: MARKET SEGMENTATION BY TYPE

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

PART 12: VENDOR LANDSCAPE

PART 13: VENDOR ANALYSIS

For more information about this report visit https://www.researchandmarkets.com/research/kmpq2s/global?w=4

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Related Topics:Travel and Tourism

KEYWORD:

INDUSTRY KEYWORD: TRAVEL DESTINATIONS VACATION NATURAL RESOURCES AGRICULTURE

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 02/20/2019 01:14 PM/DISC: 02/20/2019 01:14 PM

http://www.businesswire.com/news/home/20190220005786/en