Cycle Tourism Market to Grow with a CAGR of 8.74% through 2029
Rising health and wellness consciousness, growing demand for
adventure tourism are factors driving the global cycle tourism market in the
forecast period
According to TechSci Research report, “Cycle
Tourism Market - Global Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2029F”, the Global Cycle Tourism Market stood at USD 118.2 Billion
in 2023 and is anticipated to grow with a CAGR of 8.74% in the forecast period through 2029. The cycle tourism market is experiencing a transformative surge, driven
by a confluence of factors ranging from the increasing popularity of
sustainable travel to advancements in technology and changing consumer preferences.
The global cycle tourism market has witnessed
remarkable growth in recent years, propelled by a growing interest in active
and eco-friendly travel experiences. Cyclists, ranging from avid enthusiasts to
casual riders, are increasingly seeking destinations that offer a blend of
scenic routes, cultural immersion, and adventure. This has led to a
diversification of the cycle tourism market, with various segments catering to
different preferences and demographics. The cycle tourism market is undergoing a transformation due to consumer preferences, technological advancements, and a focus on sustainability and well-being. GPS navigation, mobile apps, and virtual reality are enhancing planning and execution of cycling journeys, while electric bikes with smart features are gaining popularity. These advancements cater to tech-savvy cyclists and improve safety and convenience. The rise of adventure cycling is reshaping the market, with cyclists seeking more challenging routes. Businesses can enhance the cycling experience through user-friendly applications, smart bicycle features, and virtual cycling experiences. The global cycle tourism market offers opportunities for stakeholders to innovate, collaborate, and prioritize cyclists' evolving needs. The future promises continued growth, enriching experiences for cyclists and thriving tourism economies for destinations. As the cycle tourism market evolves, it holds the promise of a sustainable and diverse travel landscape.
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The global Cycle Tourism market is segmented into type,
booking mode, age group and region.
Based on type, In the cycle tourism market, the solo segment is experiencing rapid growth due to several factors. Solo cycling offers unparalleled freedom and flexibility, allowing cyclists to tailor their journeys according to their preferences and pace. With the increasing popularity of adventure cycling, solo travelers are drawn to the challenge and thrill of exploring new destinations independently. Moreover, advancements in technology, such as GPS navigation and mobile apps, have made solo cycling more accessible and safer, providing solo cyclists with the tools they need to navigate unfamiliar terrains confidently. This combination of independence, adventure, and technological support has propelled the solo segment to become the fastest-growing in the cycle tourism market.
North America has emerged as the fastest-growing region in the global cycle tourism market, driven by a combination of robust infrastructure development, increasing health-consciousness, and a surge in sustainable travel preferences. One significant factor fueling North America's rapid growth in cycle tourism is the substantial investment in cycling infrastructure. Cities across the United States and Canada are expanding their networks of bike lanes, trails, and bike-sharing programs, creating more accessible and attractive options for both local cyclists and tourists. Major cities like Portland, Vancouver, and Denver are leading the way, offering well-maintained routes that cater to various skill levels and preferences. Additionally, there is a rising trend towards health and wellness, which has been further accelerated by the COVID-19 pandemic. Many travelers are prioritizing outdoor activities that promote physical fitness and mental well-being. Cycling fits this demand perfectly, providing an eco-friendly and enjoyable way to explore destinations while staying active. This shift in consumer preferences is encouraging more people to choose cycling as a primary mode of travel during their vacations. The increasing awareness of environmental issues is driving the demand for sustainable tourism options. Cycling tourism aligns with this trend by reducing carbon footprints and minimizing environmental impact compared to traditional modes of transportation. This alignment with eco-friendly practices resonates with the growing number of environmentally conscious travelers in North America. North America's diverse landscapes and scenic routes offer unparalleled opportunities for cycle tourism. From the picturesque Pacific Coast Highway to the scenic routes of the Canadian Rockies, the region provides a variety of experiences that attract cycling enthusiasts from around the world.
Major companies operating in global Cycle Tourism market
are:
- SpiceRoads Cycling
- World Expeditions Travel Group Pty Ltd
- Travel + Leisure Co.
- Exodus Travels Limited
- Intrepid Group Pty Limited
- G Adventures Inc.
- Himalayan Glacier Adventures, LLC
- OST.travel Inc. (Sarracini Travel)
- Roswell Park Alliance Foundation
- Active Adventures Limited Partnership
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“A significant trend in the global Cycle Tourism market is the rise of culinary cycling tours. These tours combine cycling with gourmet experiences, allowing travelers to explore local cuisine while engaging in their passion for cycling. This trend caters to both food enthusiasts and cycling aficionados, offering a unique blend of adventure and culinary delights. Culinary cycling tours often include stops at local markets, farms, vineyards, and restaurants, where participants can sample regional dishes and learn about local food traditions. This trend is driven by the growing interest in experiential travel, where tourists seek immersive and meaningful experiences rather than traditional sightseeing. The appeal of culinary cycling tours lies in their ability to offer a personalized and authentic travel experience. Travelers can enjoy the freedom of cycling through scenic landscapes while indulging in local gastronomy, creating memorable experiences that connect them more deeply with the destinations they visit. This trend not only promotes local food cultures but also supports small businesses and artisans, contributing to the economic development of the regions visited. As a result, culinary cycling tours are gaining traction as a popular and enriching way to experience new destinations”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.
“Cycle Tourism Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Groups/Friends, Couples, Family, Solo), By Booking Mode (Direct, Travel Agent, Marketplace Booking), By Age Group (18 to 30 Years, 31 to 50 Years, and More than 50 Years), By Region & Competition 2019-2029F, has evaluated the future growth potential of global Cycle
Tourism market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the global Cycle Tourism market.
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