Bicycle Trip Market Overview: Market Size, Major Drivers And Trends
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The global bicycle trip market size is expected to grow from $1.01 billion in 2022 to $1.16 billion in 2023 at a compound annual growth rate (CAGR) of 15.12%. The global bicycle trip market size is expected to grow to $2.02 billion in 2027 at a CAGR of 14.77%.
What will drive the bicycle trip market?
Increasing adventure tourism is driving the bicycle trip market forward.
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Who are the major players in the market?
Major Market Players in the bicycle trip market include SpiceRoads Cycling, Epic Road Rides, Explore Worldwide Ltd., Intrepid Group Pty Limited, Bicycle Adventures, Exodus Travels Limited, G Adventures
Which trend is gaining popularity in the bicycle trip market?
Product innovations are a key trend gaining popularity in the bicycle trip market. Major companies operating in the bicycle trip market are introducing innovative products such as Brompton foldable bicycles to sustain their position in the market. For instance, in February 2022, Brompton, a UK-based manufacturer of foldable bikes, introduced its lightest-ever lineup of foldable bikes. The new products launched included an innovative T-line, which includes a superlight 16.4-pound titanium bike, and a P-line, a superlight steel foldable bike. Other product lines launched included the C-line, which is a line of electric bikes, and the A-line, which is a line of entry-level foldable bikes.
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How is the bicycle trip market segmented?
Global Bicycle Trip Market Segments Include:
1) By Type: Multi-Day Bicycle Trips, Overnight Bike Trips, Long-Distance Bicycle Trips
2) By Age Group: 18-30 Years, 31-50 Years, Above 50 Years
3) By Application: Solo, Group
The Bicycle Trip Global Market Report 2023 provides an overview of the bicycle trip market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The bicycle trip market forecast analyzes bicycle trip market size, bicycle trip market share, leading competitor and their market positions.
A bicycle trip refers to a tourism activity in which people travel alone or with other people on bicycles for days, weeks, months, or even years. This is perceived as adventure travel and is carried out by cycling enthusiasts.
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