What is the global market size of Cycle Tourism Market?

Cycle Tourism Market size was valued at USD 109.14 billion in 2021 and is poised to grow from USD 116.73 billion in 2022 to USD 234.3 billion by 2030, growing at a CAGR of 9.1% in the forecast period (2023-2030).

Cycle Tourism Market Size, Share, Growth Analysis, By Groups(Groups/Friends, Couples, Family, Solo), By Booking Mode(Direct, Travel Agents, Marketplace Booking), By Region - Industry Forecast 2024-2031

Q: Which region accounted for the largest share in Cycle Tourism Market?

In 2022, Europe dominated the global market. Demand for bike tourism has increased significantly in the UK, Germany, France, and other economies. Establishing bicycle lanes, creating car-free city centers, expanding bike storage options, and improving safety are all top concerns for European governments.The Asia Pacific region is anticipated to grow at the fastest CAGR. The market is expanding due to regional governments placing more emphasis on developing the cycling tourist industry due to its financial benefits.

Report ID: SQMIG25J2028 | Region: Global | Published Date: July, 2024
Pages: 223 | Tables: 64 | Figures: 75

Cycle Tourism Market Dynamics

Cycle Tourism Market Drivers

Growing interest in sustainable tourism to contribute to the market growth.

As travelers become more conscious of the impact of their travel on the environment, they are seeking out more sustainable and eco-friendly ways to explore new destinations. Cycling is a perfect fit for sustainable tourism, and good for health. Therefore, fitness enthusiasts prefer cycling at tourist places as a healthy measure.
Many travelers are seeking out more active and immersive experiences, and cycling offers an exciting and challenging way to explore new destinations. Cycling can take travelers off the beaten path, allowing them to discover hidden gems and experience the local culture and environment in a unique and authentic way.

Cycle Tourism Market Restraints

Lack of cycling infrastructure to confine the market growth.

While many destinations are investing in cycling infrastructure, there are still many parts of the world that do not have adequate cycling facilities, such as bike lanes and cycling trails.
This can make it difficult and unsafe for cyclists to explore these areas, and can limit the growth of cycle tourism in these regions.

Cycle Tourism Market Report Snapshots

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FAQs

Cycle Tourism Market size was valued at USD 116.73 billion in 2022 and is poised to grow from USD 127.35 billion in 2023 to USD 255.63 billion by 2031, growing at a CAGR of 9.10% during the forecast period (2024-2031).

SpiceRoads Cycling, World Expeditions, Travel + Leisure Holdco, LLC, Exodus Trips Limited, Intrepid Travel, Himalayan Glacier Adventure, Sarracini Travel, Arbutus Routes, and Austin Adventures are a few of the well-known businesses operating on the international market. These important businesses are concentrating on making significant strides to improve their market positions and provide travellers worldwide with genuine and engaging travel experiences. 'Trek Travel', 'Butterfield & Robinson', 'Exodus Travels', 'Backroads', 'DuVine Cycling + Adventure Co.', 'Pure Adventures', 'Ride and Seek', 'SpiceRoads Cycling', 'Great Explorations', 'Ride International Tours', 'Cycling Country', 'La Fuga', 'Biking Tours Portugal', 'Pedal Portugal', 'Peak Tours', 'Saddle Skedaddle', 'Cycle Catalan', 'BikeTours.com', 'Cycle Cities', 'VBT Bicycling and Walking Vacations'

As travelers become more conscious of the impact of their travel on the environment, they are seeking out more sustainable and eco-friendly ways to explore new destinations. Cycling is a perfect fit for sustainable tourism, and good for health. Therefore, fitness enthusiasts prefer cycling at tourist places as a healthy measure.

Shift in Perception: Because cycling tourism makes up a small portion of tours, fewer visitors spend as much money doing it, which results in less money for travel agencies. The top travel agencies have developed brand-new itineraries that incorporate a full cycling tourism package as well as enhancing riders' knowledge of geography, history, and biology by giving them access to knowledgeable tour guides.

In 2022, Europe dominated the market. Demand for bike tourism has increased significantly in the UK, Germany, France, and other economies. Establishing bicycle lanes, creating car-free city centers, expanding bike storage options, and improving safety are all top concerns for European governments.The Asia Pacific region is anticipated to grow at the fastest CAGR. The market is expanding due to regional governments placing more emphasis on developing the cycling tourist industry due to its financial benefits.

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Cycle Tourism Market Size, Share, Growth Analysis, By Groups(Groups/Friends, Couples, Family, Solo), By Booking Mode(Direct, Travel Agents, Marketplace Booking), By Region - Industry Forecast 2024-2031

Cycle Tourism Market Dynamics

Cycle Tourism Market Report Snapshots

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Which region accounted for the largest share in Cycle Tourism Market?

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