Bicycle Trip Market Size, Share & Trends Analysis Report By Type, By Tour Type (Single Day, Multi Day), By Age Group, By Region (North America, Europe, APAC, Rest Of World)- Global Industry Analysis, Share, Growth, Regional Outlook and Forecasts, 2024-2033

The global bicycle trip market size was exhibited at USD 1,022.80 million in 2023 and is projected to hit around USD 3,596.84 million by 2033, growing at a CAGR of 13.4% during the forecast period of 2024 to 2033.

Bicycle Trip Market Size 2024 To 2033

Key Takeaways:

  • Europe dominated the bicycle trip market and accounted for over 38% of the global revenue share in 2023
  • The couple type segment held the largest revenue share of 47.3% in 2023 and is expected to grow significantly during the forecast period.
  • The multi-day segment accounted for the largest revenue share of around 69.7% in 2023.
  • The 31-50 years segment held the largest revenue share of 40% in 2023.

Bicycle Trip Market: Overview 

In recent years, the bicycle trip market has witnessed remarkable growth, fueled by a surge in interest in sustainable travel, adventure tourism, and outdoor recreation. As individuals seek alternatives to traditional modes of transportation and embrace a healthier lifestyle, bicycle trips have emerged as a popular choice for leisure travel, eco-friendly commuting, and immersive cultural experiences. This comprehensive overview delves into the dynamics, trends, and opportunities shaping the bicycle trip market globally.

Bicycle Trip Market Growth

The growth of the bicycle trip market can be attributed to several key factors driving its expansion. Firstly, increasing awareness and concern for environmental sustainability have led to a rise in eco-tourism, with travelers opting for bicycle trips as a low-impact way to explore destinations. Secondly, the growing focus on health and wellness has propelled the popularity of bicycle trips, appealing to travelers seeking active vacations that combine physical activity with scenic beauty. Additionally, the allure of adventure and exploration has contributed to the market's growth, as bicycle trips offer opportunities for off-the-beaten-path experiences and immersive cultural encounters. Moreover, the rise of urban cycling culture has spurred demand for city bike tours and bike-sharing programs, catering to urban dwellers and tourists alike. These factors, coupled with technological advancements and a shift towards sustainable travel, are expected to fuel continued growth in the bicycle trip market.

Bicycle Trip Market Report Scope

 Report Coverage  Details
Market Size in 2024 USD 1,022.80 Million
Market Size by 2033 USD 3,596.84 Million
Growth Rate From 2024 to 2033 CAGR of 13.4%
Base Year 2023
Forecast Period 2024-2033
Segments Covered Type, Tour Type, Age Group, Region
Market Analysis (Terms Used) Value (US$ Million/Billion) or (Volume/Units)
Regional Scope North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa
Key Companies Profiled Spice Roads; Life Time Fitness, Inc. (Unbound Gravel); Epic Road Rides; Explore Worldwide Limited; Intrepid; Exodus Travels Limited; G Adventures.

 

Bicycle Trip Market Dynamics

  • Rise of Eco-Tourism:

The bicycle trip market is witnessing a significant boost due to the increasing popularity of eco-tourism. With growing concerns about environmental sustainability, travelers are seeking more eco-friendly modes of transportation and leisure activities. Bicycle trips offer a sustainable and low-impact way to explore destinations, aligning with the preferences of environmentally conscious travelers. As a result, tour operators and travel agencies are expanding their offerings to include eco-friendly bicycle tours, catering to the growing demand for responsible travel experiences.

  • Health and Wellness Focus:

Another key dynamic shaping the bicycle trip market is the growing emphasis on health and wellness among travelers. In an era where individuals are prioritizing physical and mental well-being, bicycle trips have emerged as an attractive option for those seeking active vacations. Cycling not only provides an opportunity for cardiovascular exercise but also allows travelers to immerse themselves in nature and scenic landscapes, promoting relaxation and stress relief. Consequently, tour operators are developing specialized wellness-focused bicycle tours that combine cycling with activities such as yoga, meditation, and healthy dining options, tapping into the burgeoning wellness tourism market.

Bicycle Trip Market Restraint

  • Infrastructure Limitations:

One of the primary restraints impacting the bicycle trip market is infrastructure limitations in certain destinations. While bicycle-friendly infrastructure, such as dedicated bike lanes and cycling paths, has improved in many urban areas, there are still regions where inadequate infrastructure hinders the growth of bicycle tourism. Limited or poorly maintained cycling routes, lack of bike rental facilities, and safety concerns on roads pose significant challenges for cyclists and discourage travelers from choosing bicycle trips as their preferred mode of exploration.

Safety Concerns:

Another restraint affecting the bicycle trip market is safety concerns associated with cycling, particularly in destinations with high traffic volumes or challenging terrain. Cyclists face risks such as accidents, collisions with vehicles, and injuries from falls, which can deter travelers from embarking on bicycle trips, especially families and novice cyclists. Safety measures, such as helmet laws, traffic regulations, and educational campaigns, are essential for mitigating these risks and instilling confidence among cyclists.

Bicycle Trip Market Opportunity

  • Expansion into Emerging Markets:

One significant opportunity within the bicycle trip market lies in expanding operations into emerging markets. As bicycle tourism continues to gain traction globally, there is a growing demand for unique and off-the-beaten-path cycling experiences in lesser-known destinations. Tour operators and travel agencies can capitalize on this opportunity by diversifying their offerings and tapping into emerging markets with untapped potential for bicycle tourism. By developing innovative tour packages, forging partnerships with local stakeholders, and leveraging digital marketing channels to reach new audiences, businesses can position themselves as pioneers in emerging bicycle tourism destinations and capture a share of the growing market.

  • Integration of Technology for Enhanced Experiences:

Another key opportunity in the bicycle trip market is the integration of technology to enhance the overall customer experience. With the proliferation of smartphones, GPS navigation systems, and wearable devices, cyclists have access to a wide range of technological tools that can enhance route planning, navigation, and trip customization. Tour operators can leverage technology to provide interactive route maps, real-time weather updates, and personalized recommendations for attractions and amenities along the route. Additionally, the use of virtual reality (VR) and augmented reality (AR) technologies can offer immersive previews of cycling routes and destinations, allowing travelers to visualize their journey and make informed decisions.

Bicycle Trip Market Challenges

  • Infrastructure Limitations:

One of the primary challenges facing the bicycle trip market is infrastructure limitations, particularly in regions where cycling infrastructure is underdeveloped or poorly maintained. Inadequate bike lanes, lack of signage, and unsafe road conditions can hinder the growth of bicycle tourism and deter travelers from choosing cycling as their preferred mode of exploration. Addressing these infrastructure challenges requires collaboration between government agencies, urban planners, and advocacy groups to invest in the development of bicycle-friendly infrastructure, including dedicated bike lanes, cycling paths, and bike rental facilities. 

  • Safety Concerns:

Another significant challenge in the bicycle trip market is safety concerns associated with cycling, particularly in urban areas with heavy traffic and congested roadways. Cyclists face risks such as accidents, collisions with vehicles, and injuries from falls, which can undermine the appeal of bicycle tourism and deter travelers from participating in cycling activities. Addressing safety concerns requires implementing measures to improve road safety for cyclists, such as implementing traffic calming measures, creating separated bike lanes, and educating motorists and cyclists about sharing the road responsibly. Additionally, promoting helmet use, providing safety equipment, and offering cycling training programs can help mitigate risks and enhance the safety of bicycle tourism experiences. 

Segments Insights:

Type Insights

The couple type segment held the largest revenue share of 47.3% in 2023 and is expected to grow significantly during the forecast period. The segment is expected to hold the largest market share throughout the forecast period. Majority of the cycling enthusiasts cycle with partners. Couple trips are popular, especially among married individuals and workout partners. The double-seated cycles are majorly used by couple for bicycle trips. The double-seated bicycles are popular for tourist sports, leisure trips, and nature rides. Couple tours are hand-crafted for honeymoon goers with value additions such as decorated bicycles, additions of meals to the package, curating customized experiences based on the request, and so on.

The group type segment held the second-largest revenue share of 26.3% of the total market in 2023. The segment is expected to grow at the fastest CAGR during the forecast period. The group type segment is expected to grow as group trips allow you to meet new people. Also, the group trips are inexpensive as compared to solo trips or couple trips. The cost of conducting a group trip for companies is less compared to solo or couple trips. Also, companies earn more from group tours and therefore they even offer discounts on them in order to attract more customers. The group trips are especially popular among the age group of 18-30 years.

Tour Type Insights

The multi-day segment accounted for the largest revenue share of around 69.7% in 2023 and is anticipated to register a CAGR exceeding 13.0% from 2022 to 2030. Multi-day cycle tours are long-distance cycle routes. The tour type includes trips between cities. Such inter-city trips are hugely popular in European countries and also in the U.S. Multi-day trips are hugely popular in the nature tourism sector and also in the adventure tourism sector. Companies are offering clubbed packages for multi-day trips which include meals, stay, refreshments, and entertainment. This category of trip demands more fitness, endurance, and stamina. Hence, such trips are mostly for expert or intermediate-level cyclers.

The single-day tour type segment is expected to witness the fastest CAGR of 13.7% in the market for bicycle trips during the forecast period. Cycling is a popular mode of transport in European nations such as the Netherlands, Norway, and France. These countries are home to some of the major tourist spots and single-day cycling tours are a popular sight-seeing experience. Single-day cycle tours are popular in the urban areas wherein one-day cycle trips to nearby areas are organized from the city centers. Other types of single-day trips include heritage cycle rides, nature cycle rides, and midnight tours.

Age Group Insights

The 31-50 year segment held the largest revenue share of 40.0% in 2023 and is expected to increase significantly during the forecast period. The 31-50 years category is the age group with more disposable income as compared to other age groups. The spending capacity of this age group is more as compared to others. Moreover, there is an increasing awareness of fitness and a healthy lifestyle among this age group owing to the increasing incidences of lifestyle disorders such as obesity, diabetes, etc. The above 50 years age group is also expected to witness a significant growth rate during the forecast period.

Bicycle Trip Market Share, By End-use, 2023 (%)

The 18-30 years segment held the second-largest revenue share of 32.3% in 2023 and is anticipated to witness a CAGR of 13.9% during the forecast period. The young age bracket of 18-30 years is attracted to bicycle trips owing to the adventure and thrill factor. This age group uses social media. Millennials and gen-Z like posting their adventures on social media and also find inspiration through it. This age group is also increasingly getting inclined toward leading a healthy lifestyle and incorporating physical fitness into regular life, which is a major factor driving the demand for bicycle trips among this group.

Regional Insights

Europe dominated the bicycle trip market and accounted for over 38.0% of the global revenue share in 2023, followed by the Asia Pacific. Cycling tourism is a major tourist attraction in Europe. Cycling is very popular in Germany and other nations such as the Netherlands, Denmark, and France. These countries have a good infrastructure for cycling, wherein there are separate cycle tracks in the city for cyclers. Inclination towards leading a healthy and active lifestyle is majorly observed in the region. Most Europeans are conscious about their diets and exercise regularly, which is also one reason why bicycle trips are very popular among the citizens of Europe. European nations including Belgium, Denmark, France, and Italy are aggressively rolling out the infrastructure to support and encourage bicycle commutation and are contributing significantly to the growth of the regional market. Europe is expected to be the fastest-growing region in the market.

Bicycle Trip Market Share, By Region 2023 (%)

The Asia Pacific is the second-largest regional market for bicycle trips. Nations such as China, Japan, and Singapore are emphasizing rolling out the infrastructure necessary to encourage and support bicycle commutation. Some of the cities in Asia, such as Tokyo, are known for their lowest accident rates and are hence considered ideal cities for bicycle touring. Bicycle touring companies are aggressively targeting growing markets, such as India and Australia, to expand their operations. The growing attraction for adventure and tourism in these countries is among the major factors driving the market for bicycle trips.

Some of the prominent players in the bicycle trip market include:

  • Spice Roads
  • Life Time Fitness, Inc. (Unbound Gravel)
  • Epic Road Rides
  • Explore!Worldwide Limited
  • Intrepid
  • Exodus Travels Limited
  • G Adventures
  • Backroads
  • Bicycle Adventures
  • DuVine Adventures

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Nova one advisor, Inc. has segmented the global bicycle trip market.

Type

  • Solo
  • Group
  • Couple
  • Family

Tour Type

  • Single Day
  • Multi Day

Age Group

  • 18-30 Years
  • 31-50 Years
  • Above 50 Years

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa (MEA)

Frequently Asked Questions

The global bicycle trip market size was exhibited at USD 1,022.80 million in 2023 and is projected to hit around USD 3,596.84 million by 2033.

Some key players operating in the bicycle trip market include Spice Roads, Epic Road Rides, Lifetime Fitness, Inc. (Unbound Gravel), and Exodus Travels Limited, among others.

Chapter 1. Methodology and Scope

1.1. Market Segmentation & Scope

1.2. Market Definitions

1.3. Information Procurement

1.3.1. Purchased Database

1.3.2. Internal Database

1.3.3. Secondary Sources & Third-Party Perspectives

1.3.4. Primary Research

1.4. Information Analysis

1.4.1. Data Analysis Models

1.5. Market Formulation & Data Visualization

1.6. Data Validation & Publishing

Chapter 2. Executive Summary

2.1. Market Outlook

2.2. Segmental Outlook

Chapter 3. Market Variable, Trends & Scope

3.1. Bicycle Trip Market Trends

3.1.1. Technology Trends

3.1.2. Buyer Trends

3.1.3. Supplier Trends

3.1.4. Regulatory Trends

3.2. Bicycle Trip Market Dynamics

3.2.1. Market Driver Analysis

3.2.2. Market Opportunity Analysis

3.2.3. Market Challenge Analysis

3.3. Penetration & Growth Prospect Mapping

3.4. Bicycle Trip Market - Value Chain Analysis

3.5. Bicycle Trip Market Industry Analysis - Porter’s

3.5.1. Supplier Power

3.5.2. Buyer Power

3.5.3. Substitution Threat

3.5.4. Threat of New Entrants

3.5.5. Competitive Rivalry

3.6. Bicycle Trip Market Industry Analysis - PEST

3.6.1. Political & Legal Landscape

3.6.2. Environmental Landscape

3.6.3. Social Landscape

3.6.4. Technology Landscape

3.7. Major Deals & Strategic Alliances Analysis

3.7.1. Joint Ventures

3.7.2. Mergers & Acquisitions

3.7.3. Licensing & Partnership

3.7.4. Technology Collaborations

Chapter 4. Bicycle Trip Market: Type Estimates & Trend Analysis

4.1. Bicycle Trip Market: Type Analysis

4.1.1. Solo

4.1.2. Group

4.1.3. Couple

4.1.4. Family

Chapter 5. Bicycle Trip Market: Tour Type Estimates & Trend Analysis

5.1. Bicycle Trip Market:Tour Type Analysis

5.1.1. Single Day

5.1.2. Multi Day

Chapter 6. Bicycle Trip Market: Age Group Estimates & Trend Analysis

6.1. Bicycle Trip Market: Age Group Analysis

6.1.1. 18-30 Years

6.1.2. 31-50 Years

6.1.3. Above 50 Years

Chapter 7. Bicycle trip Market: Regional Estimates & Trend Analysis

7.1. Bicycle trip Market Share By Region, 2021 & 2030

7.2. North America

7.2.1. U.S.

7.2.2. Canada

7.3. Europe

7.3.1. U.K.

7.3.2. Germany

7.3.3. France

7.4. Asia Pacific

7.4.1. China

7.4.2. Japan

7.4.3. Thailand

7.4.4. Taiwan

7.4.5. Singapore

7.4.6. Australia

7.4.7. South Korea

7.5. Rest of World

Chapter 8. Competitive Analysis

8.1. Recent Developments & Impact Analysis, by Key Market Participants

8.2. Company/ Competition Categorization (Key Innovators, Market Leaders, Emerging Players)

8.3. Vendor Landscape

8.3.1. Key Company Analysis, 2024

8.4. Company Analysis

8.4.1. Company Market Position Analysis

8.4.2. Competitive Dashboard Analysis

Chapter 9. Competitive Landscape

9.1. Spice Roads

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Benchmarking

9.1.4. Recent Developments

9.2. Life Time Fitness Inc.

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Benchmarking

9.2.4. Recent Developments

9.3. Epic Road Rides

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Benchmarking

9.3.4. Recent Developments

9.4. Explore Worldwide Ltd.

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Benchmarking

9.4.4. Recent Developments

9.5. Intrepid

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Benchmarking

9.5.4. Recent Developments

9.6. Exodus Travels Limited

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Benchmarking

9.6.4. Recent Developments

9.7. G Adventures

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Benchmarking

9.7.4. Recent Developments

9.8. Backroads

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Benchmarking

9.8.4. Recent Developments

9.9. Bicycle Adventures

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Benchmarking

9.9.4. Recent Developments

9.10. DuVine Adventures

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Benchmarking

 

9.10.4. Recent Developments

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