As per a recent market research by Future Market Insights (FMI), the bicycle tourism market is expected to reach an evaluation of US$ 345.1 Million in 2022. Sales are projected to increase at a 14% CAGR, with the market size attaining US$ 1291.3 Million by 2032.
The bicycle tourism market is experiencing a resurgence, fueled by a growing environmental consciousness and a desire for healthy, active travel experiences. This press release explores the key trends propelling the market forward:
Beyond Transportation: Bicycles Embrace Leisure and Exploration
Bicycles have transcended their utilitarian roots. Once viewed as a mode of transport for the underprivileged, they are now a symbol of:
- Environmental Responsibility: Cycling offers a sustainable alternative to car travel, minimizing carbon footprints and promoting eco-friendly exploration.
- Health and Fitness: Bicycle touring provides an enjoyable way to stay active and experience new destinations.
- Technological Advancements: Modern bicycles boast innovative designs and features, enhancing comfort and performance.
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This shift in perception has paved the way for a thriving bicycle tourism market.
Sustainability on Two Wheels: A Growing Global Trend
Environmental awareness is on the rise, particularly in emerging nations experiencing rapid economic growth. This awareness translates into a growing preference for sustainable travel options, with bicycle tourism emerging as a leading trend:
- Reduced Environmental Impact: By choosing bicycles over cars, tourists can minimize their environmental footprint and embrace eco-friendly exploration.
- Combatting Climate Change: Widespread adoption of bicycle tourism can contribute significantly to the fight against climate change and biodiversity loss.
This focus on sustainability has cemented bicycle tourism as a cornerstone of responsible travel practices.
E-Bikes: Powering Up the Adventure
The rise of e-bikes is another key driver in the bicycle tourism market:
- Overcoming Physical Limitations: E-bikes cater to tourists with health or physical limitations, allowing them to participate in cycling adventures without undue strain.
- Hybrid Functionality: Modern e-bikes offer the option of pedal-powered or electric assist, providing flexibility and convenience for riders of all abilities.
- Enhanced Range and Exploration: E-bikes enable tourists to venture further and explore more challenging terrain, maximizing their travel experience.
This technological advancement ensures bicycle tourism remains accessible and enjoyable for a wider range of travelers.
A Bright Future for Bicycle Tourism: Pedaling Towards Sustainability
The bicycle tourism market showcases a promising outlook. With a growing focus on environmental responsibility, the popularity of healthy travel experiences, and the increasing adoption of innovative e-bikes, the market is well-positioned for continued growth. As travelers embrace a more sustainable and active approach to exploration, bicycle tourism is poised to lead the way towards a greener and more fulfilling travel experience.
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“Rising awareness about sustainability and travellers getting more health conscious expected to boon the Bicycle tourism Market.“Says an FMI analyst.
Key Takeaways:
- Based on type of tourism, Touring/ Expedition predicted to account for a dominant share of Travelers in the market through 2032.
- By booking channel, the online booking segment is anticipated to hold a noteworthy share of nearly ~60%.
- In terms of age group, demand in the youngsters in the age group 15-25 years and 26-35 years will continue gaining traction through 2032.
- Based on packages, Bicycle tourism travelers will continue to opt tour group deals over the normal travel deals.
Leading players in the Bicycle Tourism Market
- Backroads
- EcoBike
- Escape Adventures
- DuVine Adventures
- Butterfield and Robinson
- World Expeditions
- Spice Roads
- Exodus
- Intrepid
- G Adventures
- Himalayan Glacier Adventure and Travel Company
- Sarracini Travel
- Arbutus Routes
- Austin Adventures
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Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the Bicycle Tourism market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the Bicycle Tourism by Type (Road Cycling, Mountain Biking, Family Cycling and Touring/Expedition) Booking Channel (Phone Booking, Online Booking & In Person Booking) Tourist Type (Domestic & International) Tour Type (Independent Traveller, Packaged travellers, Tour Group) Age Group (15-25 Years, 26-35 Years, 36-45 Years, 46-55 Years, 56-65 Years, 66-75 Years) & Region – Forecast to 2017 – 2032.
Bicycle Tourism Market by Category
By Type, the Bicycle Tourism Market is segmented as:
- Road Cycling
- Mountain Biking
- Family Cycling
- Touring/Expedition
By Booking Channel, Bicycle Tourism Market is segmented as:
- Phone Booking
- Online Booking
- In Person Booking
By Tourist Type, Bicycle Tourism Market is segmented as:
- Domestic
- International
By Tour Type, Bicycle Tourism Market is segmented as:
- Independent Traveler
- Tour Group
- Package Traveller
By Age Group, Bicycle Tourism Market is segmented as:
- 15-25 Years
- 26-35 Years
- 36-45 Years
- 46-55 Years
- 56-65 Years
- 66-75 Years
By Region, Bicycle Tourism Market is segmented as:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa(MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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