Global Cycle Tourism Market Size study & Forecast, by Group (Groups/Friends, Couples, Family, Solo) by Booking Mode (Direct, Travel Agent, Marketplace Booking), by Age Group (18 to 30 Years, 31 to 50 Years, above 50 Years) and Regional Analysis, 2022-2029

Global Cycle Tourism Market Size study & Forecast, by Group (Groups/Friends, Couples, Family, Solo) by Booking Mode (Direct, Travel Agent, Marketplace Booking), by Age Group (18 to 30 Years, 31 to 50 Years, above 50 Years) and Regional Analysis, 2022-2029

Global Cycle Tourism Market is valued at approximately USD 107.8 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 9.1% over the forecast period 2022-2029. Cycle Tourism includes cycling for the purpose of a trip or tour which gives tourists a memorable and satisfying trip experience. Cycle Tourism allows tourists to explore adventurous and isolated places. Cycle tourism involves travelling to tourist destinations on bicycles while admiring the natural beauty. In cycle tourism, riders start from a particular place and then move to other places in groups. There are three different strengths of cycling, slow cycling, gentle paddling while praising natural beauty and hard-core cycling in mountains. People wish to cycle in groups with friends or family. Youths or people with younger age groups are more inclined towards the cycle tourism market. Introduction of e-bikes and various channels promoting cycle tourism are the factors stimulating the growth of the market.

Electric bicycles are becoming very attractive to customers. The E-bike market was estimated to be worth 29.2 billion dollars in 2022. By 2027, the e-bike market is anticipated to produce 53.5 billion dollars in sales. Many channels such as advertisement, travel and tourism companies, social media influencers, discounts, and exciting packages are all promoting the Cycle tourism market. Another important component driving space increase is social media influencing. 43 percent of respondents in a July 2021 study of internet users in significant online markets said they followed social media influencer. The United Arab Emirates (UAE) had the highest rating (75%) followed by Indonesia (73%) and India (71%) in that order. Germany and the United Kingdom, who came in bottom place, respectively, had influencer follow rates of 25% and 22%. Furthermore, a good and exciting cycling tourism package including knowledgeable guides and increasing utilization of cycle tourism methods in various regions are creating opportunities for the growth of the Cycle tourism market. However, Uncertain weather or climate stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Cycle Tourism Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. Europe dominated the market and is expected to grow over the forecasted period. Increasing demand for cycling in various countries across Europe, car-free centers, developed cycling infrastructure and an increasing no of cycling tourists are the main factors driving the market in the region. Asia Pacific is expected to grow with the highest CAGR during the forecast period. Increasing demand for e-bikes and expansion of the cycle tourism sector are the main factors driving the growth in this region.

Major market player included in this report are:
SpiceRoads Cycling
World Expeditions Foundation
Travel + Leisure Holdco, LLC
Exodus Travels Limited
Intrepid Travel
G Adventures
Himalayan Glacier Adventures LLC
Sarracini Travel
Arbutus Routes
Austin Adventures
Recent Developments in the Market:
In December 2022, New adventure travel packages to the US were introduced by Intrepid Travel. The latest tours combine outdoor physical activities such as cycling and walking with itineraries that emphasize sightseeing and dining.
In August 2021, to let tourists experience the diversity and natural beauty of Latin America, SpiceRoads Cycling introduced a new cycling tour package to Colombia. Colombians enjoy biking and the beautiful sport of riding, and the country has one of the most successful and lively cycling cultures in the world.
Global Cycle Tourism Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Group, Booking Mode, Age Group, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Group offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Group:
Groups/Friends
Couples
Family
Solo
By Age Group:
18 to 30 Years
31 to 50 Years
Above 50 Years
By Booking Mode:
Direct
Travel Agent
Marketplace Booking
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the WorldCompanies Mentioned
SpiceRoads Cycling
World Expeditions Foundation
Travel + Leisure Holdco, LLC
Exodus Travels Limited
Intrepid Travel
G Adventures
Himalayan Glacier Adventures LLC
Sarracini Travel
Arbutus Routes
Austin Adventures

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