PUBLISHER: The Business Research Company | PRODUCT CODE: 1727896
PUBLISHER: The Business Research Company | PRODUCT CODE: 1727896
Polar travel involves journeys to the Arctic or Antarctic regions, typically for exploration, scientific study, adventure tourism, or wildlife observation. These travels require navigating through harsh weather conditions, icy terrains, and ecosystems inhabited by species such as polar bears and penguins.
The primary types of polar travel include Arctic, Himalayan, Antarctic, and others. Arctic polar travel is focused on expedition-based tourism in the Arctic region, offering unique activities such as wildlife viewing, ice exploration, and cultural experiences in remote, icy settings. It offers various tour packages such as luxury cruises, expedition cruises, guided tours, and independent travel, catering to different customer groups such as solo travelers, couples, and families, with participants spanning generations such as baby boomers, millennials, Generation X, and others.
The polar travel market research report is one of a series of new reports from The Business Research Company that provides polar travel market statistics, including the polar travel industry global market size, regional shares, competitors with the polar travel market share, detailed polar travel market segments, market trends, and opportunities, and any further data you may need to thrive in the polar travel industry. This polar travel market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The polar travel market size has grown strongly in recent years. It will grow from $1.06 billion in 2024 to $1.15 billion in 2025 at a compound annual growth rate (CAGR) of 8.3%. The growth during the historical period can be attributed to factors such as a rising interest in exploration, improved accessibility, the expansion of adventure tourism, increased scientific research, and a growing emphasis on sustainable ecotourism.
The polar travel market size is expected to see strong growth in the next few years. It will grow to $1.56 billion in 2029 at a compound annual growth rate (CAGR) of 8.0%. The growth during the forecast period can be attributed to factors such as increased awareness of climate change, rising demand for luxury expeditions, expansion of polar infrastructure, growing scientific collaborations, and the advancement of sustainable tourism initiatives. Key trends expected in this period include the development of eco-friendly cruise technology, improved polar research facilities, adoption of sustainable tourism practices, expanded luxury expedition offerings, and enhanced efforts in wildlife conservation.
The growing interest in adventure tourism is expected to drive the expansion of the polar travel market. Adventure tourism involves traveling to challenging environments for the purpose of exploration or physical activities, offering excitement and thrill. This type of tourism is fueled by the demand for unique experiences, the influence of social media, and an increasing focus on health and sustainability. Polar travel contributes to adventure tourism by providing rare and attractive opportunities for thrill-seekers to explore remote and untouched landscapes, while also promoting environmental awareness and scientific exploration. For example, in October 2024, Passport-Photo Online, a Poland-based online platform offering passport photo services, reported that 200 million people, including 70 million from North America, participated in adventure tourism in 2022, highlighting the growing popularity of this sector. As a result, the rising interest in adventure tourism is helping to drive growth in the polar travel market.
Companies in the polar travel market are focusing on eco-friendly tourism, including the use of environmentally friendly microships, to reduce their ecological footprint while providing sustainable and immersive travel experiences in polar regions. These small, energy-efficient vessels are equipped with sustainable technologies such as low-emission engines and eco-conscious materials to minimize their environmental impact, while still offering personalized travel experiences. For example, in January 2023, Secret Atlas, a UK-based travel company, launched the MV Vikingfjord micro polar expedition cruise, offering exclusive small-group Arctic journeys. These trips take place aboard a 12-passenger vessel, ensuring a more personalized and immersive experience. Designed with minimal environmental impact in mind, these cruises promote sustainable tourism in delicate polar regions. Expert guides lead travelers in exploring remote Arctic landscapes, observing wildlife, and enjoying nature-focused adventures. The MV Vikingfjord includes nine en suite cabins, a spacious saloon with rear-facing windows, and on-deck amenities such as a hot tub and sauna.
In October 2024, Polar Latitudes, a US-based polar expedition company, formed a partnership with Nordic Hamburg and Chimu Adventures to enhance its polar expedition offerings and expand operational capabilities. This collaboration aims to strengthen its cruise operations by integrating Nordic Hamburg's shipping expertise with Chimu Adventures' specialization in polar exploration and responsible travel. Nordic Hamburg is a Germany-based shipping company, and Chimu Adventures is an Australia-based travel company.
Major players in the polar travel market are TUI Group, Abercrombie & Kent Ltd, Hurtigruten Group, Lindblad Expeditions Holdings Inc., Tauck Inc., Quark Expeditions Inc., G Adventures Inc., Butterfield & Robinson Inc., Aurora Expeditions Pty Ltd, Thomas Cook Group plc, Poseidon Expeditions Ltd, Oceanwide Expeditions B.V., Zicasso Inc., Scott Dunn Ltd, Exodus Travels Ltd, Silversea Cruises, Al Tayyar Travel Group, Antarctica21 Ltd., Cox & Kings Ltd, and The Polar Travel Company.
North America was the largest region in the polar travel market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in polar travel report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the polar travel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The polar travel market consists of revenues earned by entities by providing services such as guided cruises, adventure activities, wildlife observation, research expeditions, luxury experiences, accommodations, and logistical support. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Polar Travel Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on polar travel market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for polar travel ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The polar travel market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.