How Has The Cycling Tourism Market Size Evolved Historically?
The cycling tourism market has seen considerable growth due to a variety of factors.
• The market size for cycling tourism has seen significant growth lately. Expected to expand from $115.44 billion in 2024 to $126.09 billion in 2025, it is projected to experience a compound annual growth rate (CAGR) of 9.2%.
This impressive growth in the historic period can be attributed to several factors including the surge in eco-friendly travel, escalating awareness of health, the expansion of bike lanes and trails, a spike in adventure tourism, and government backing for green transportation.
What Is The Projected Growth Of The Cycling Tourism Market?
The cycling tourism market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for the cycling tourism market to witness robust growth in the coming years. By 2029, it is predicted to swell to a worth of $176.94 billion with a compound annual growth rate (CAGR) of 8.8%.
The surge in growth during the forecast period can be traced back to the surge in e-bikes popularity, advancements in digital and virtual cycling experiences, a larger emphasis on wellness tourism, expansion in the cycling-conducive infrastructure development, and heightened environmental consciousness. The future trends predicted include an increase in eco-friendly and sustainable travel norms, advanced cycling infrastructure and safety precautions, the rise of bespoke cycling events and festivals, the creation of themed cycling paths and experiences alongside the extension of strategic partnerships between tourism boards and native businesses.
Which Drivers Are Accelerating Growth In The Cycling Tourism Market?
The upward trajectory of environmentally conscious vacationing is set to boost the cycling tourism market's expansion in the future. This form of travel prioritizes eco-friendly practices that aim to lessen environmental harm and encourage sustainability, typically through reducing carbon emissions, preserving resources, and nurturing local ecosystems. The popularity of eco-friendly travel is on the rise as awareness about environmental concerns increases and travellers actively seek ways to lessen their carbon output and promote sustainable actions. Cycling tourism plays a crucial role in supporting eco-friendly travel, offering a green, sustainable mode of transport to discover new places and minimizing harm to the environment. For example, in January 2023, the World Travel & Tourism Council (WTTC), a forum based in the United Kingdom for the travel and tourism sector, reported an escalating demand for sustainable tourism, with 69% of tourists in 2023 actively seeking environmentally friendly travel alternatives, and nearly 60% choosing sustainable travel methods in the last two years. Thus, the burgeoning interest in eco-friendly travel is likely to stimulate further growth in the cycling tourism market.
What Are The Principal Market Segments In The Global Cycling Tourism Healthcare Industry?
The cycling tourism market covered in this report is segmented –
1) By Type Of Cycling: Road Cycling, Mountain Biking, Urban Cycling, Touring And Adventure Cycling, Other Type Of Cycling
2) By Type Of Tour: Self-Guided Tours, Guided Tours, Package Tours
3) By Age Group: 18 To 30 Years, 30 To 50 Years, Above 50
4) By Mode Of Booking: Direct, Company Website, Travel Agents, Other Modes Of Booking
5) By Tourist: Solo, Friends Group, Couple, Family
Subsegments:
1) Road Cycling: Competitive Road Cycling, Recreational Road Cycling, Long-Distance Road Cycling
2) Mountain Biking: Cross-Country Mountain Biking, Downhill Mountain Biking, Enduro Mountain Biking, Trail Riding
3) Urban Cycling: City Sightseeing by Bike, Commuter Cycling, Bike-Sharing Programs
4) Touring and Adventure Cycling: Multi-Day Bike Tours, Self-Guided Cycling Tours, Guided Adventure Cycling Trips
5) Other Type of Cycling: Gravel Cycling, Fat Biking, Electric Bike (E-Bike) Tourism
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Which Emerging Market Trends Are Altering The Cycling Tourism
Leading enterprises functioning in the cycling tourism sector are focusing on the creation of novel solutions, particularly in cycling adventures, to boost tourist experiences and endorse eco-friendly tourism practices. Personalized cycling tours are customized bike trips designed specifically for individuals or small teams, offering tailor-made routes and experiences that cater to particular preferences and interests. For instance, in February 2024, LifeCycle Adventures, an American cycling tour company, unveiled new cycling tours in Croatia. Lifecycle Adventures presents premium customized tours with the choice of guided or self-guided experiences featuring hybrid, road, and e-bikes. Their tours traverse the lovely coastlines, quaint hill-top villages and historical farms of the Istrian Peninsula, with the possibility of extending the trip to Venice and Trieste. The tours are optimum for spring, early summers, and autumn, providing a mixture of picturesque courses and cultural experiences.
Who Are the Key Players in the Cycling Tourism Market?
Major companies operating in the cycling tourism market are include:
• Recreational Equipment Inc.
• Travel + Leisure Holdco LLC
• Intrepid Travel
• G Adventures
• Explore Worldwide
• Backroads
• Vermont Bicycle Tours (VBT) Bicycling and Walking Vacations
• Trek Travel
• Macs Adventure
• Exodus Travels
• Great Explorations
• Saddle Skedaddle
• Austin Adventures
• Biking Tours Portugal
• Ciclismo Classico
• Trafalgar
• Cycle Europe
• Pure Adventures
• Bicycle Adventures
• Peak Tours
• Arbutus Routes
• BikeHike Adventures
What are the Regional Insights into the Cycling Tourism Market?
Europe was the largest region in the cycling tourism market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cycling tourism market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
