Helicopter tourism market: 54% market growth expected in North America by 2025

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Helicopter tourism market: falling world oil prices drive growth

The significant decline in world crude oil prices is a key driver for the growth of the helicopter tourism market. Reducing standard jet fuel prices will be a significant benefit for airlines or helicopter companies. Air travel will become more affordable and helicopter companies will be associated with the tourism business. Forging alliances with major resorts and travel companies to increase the revenues of helicopter companies.

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Technavio believes the growing popularity of helicopter travel will have a positive impact on the market and contribute significantly to its growth over the forecast period. This research report also analyzes other important market trends and factors that will influence market growth in 2021-2025.

Helicopter tourism market: growing popularity of helicopter travel

The popularity of helicopter travel over conventional modes of transport will gain momentum. The growing prosperity of countries and the development of business will lead to a great demand for air travel within the city. In many countries of the world, helicopter tourism is considered favorable and convenient.

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Helicopter tourism market: segmentation analysis

In this market research report, helicopter tourism is segmented by type (general and individual) and geographic (North America, Asian-Pacific area, Europe, South America, and MEA).

54% of market growth will come from North America in the forecast period. USA is a key market for the helicopter tourism market in North America… Market growth in this region will outpace market growth in other regions. Individual helicopter tours, taking into account the client’s preferences, will bring significant profits, which will contribute to the growth of the helicopter tourism market in Russia. North America for the forecast period.

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The volume of the report on the helicopter tourism market:

Scope of the report

Details

Base year

Feb 2020

Forecast period

2021-2025

Gradual growth

USD 871.35 million USA

CAGR

Slow down by 17.31%

Number of pages

120

Segmentation

By geography-

  • Asian-Pacific area
  • Europe
  • North America
  • South America
  • MEA

Type

Drivers

  • Decline in world crude oil prices
  • Increased use of commercial helicopters
  • The growing popularity of helicopter travel

Challenges

  • Expensive tours
  • Inconveniences associated with helicopters
  • Installation number of accidents

Some of the key topics covered in the report include:

Market problems

Market Drivers

Market trends

Seller landscape

  • Sellers covered
  • Supplier classification
  • Positioning of sellers in the market
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and consultancy company. Their research and analysis focuses on emerging market trends and provides practical insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s reporting library includes over 17,000 reports and calculations covering 800 technologies in 50 countries. Their client base is made up of businesses of all sizes, including over 100 Fortune 500 companies. This growing client base draws on Technavio’s comprehensive coverage, extensive research and practical understanding of the market to identify opportunities in existing and potential markets and assess their competitive position in the face of changing market scenarios.

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