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 Insights

Global 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).

Adventure tourism, which includes visiting new areas, off-road cycling and adventure spots all contribute to cycling tourism. Bicycles are becoming a preferred choice for mode of transportation for tourist destinations.

In the United States, sales of electric bikes increased by 144-145%, per data from the World Economic Forum (WEF), and are anticipated to continue growing in the years to come. Consumers are looking for e-bike activities as Governments in the tourist driven countries are progressing ahead with their initiatives to boost cycle tourism. For instance, Thailand invested USD 700 million to encourage domestic tourism, Vanuatu offered small and medium-sized businesses incentives to promote cycle tourism.

US Cycle Tourism Market is poised to grow at a sustainable CAGR for the next forecast year.

Cycle Tourism Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

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.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

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 Insights

Cycle Tourism Market Report Snapshots

Want to customize this report?

FAQs

What is the market size of Cycle Tourism Market?

Who are the key vendors in the Cycle Tourism Market?

What is the key driver of Cycle Tourism Market?

What is the key market trend for Cycle Tourism Market?

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

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300