The bicycle trip market size is expected to see rapid growth in the next few years. It will grow to $2.33 billion in 2028 at a compound annual growth rate (CAGR) of 14.7%. The growth in the forecast period can be attributed to focus on eco-tourism and sustainable travel, expansion of bike tourism initiatives, supportive policies for commuting by bike, introduction of bike-friendly accommodations, bicycle-friendly accommodations. Major trends in the forecast period include technology integration, multi-day bicycle events, social media influence, bikepacking and adventure cycling, integration of electric bicycles, advancements in bicycle technology.
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Segmentation & Regional Insights
The bicycle trip market covered in this report is segmented –
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
Europe was the largest region in the bicycle trip market in 2023. The regions covered in the bicycle trip market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
Increasing adventure tourism is driving the bicycle trip market forward. Adventure tourism refers to the movement of people from one place to another for the purpose of exploring new cultures and trying adventurous sports. Cycling tourism is a type of adventure tourism. For instance, in May 2022, according to a survey conducted by the Adventure Travel Trade Association, a US-based international trade association of adventure tourism business operators, 82 percent of the 142 business operators surveyed expected their 2022 revenues to be higher than or equal to those of 2021. As a result, increasing adventure tourism is propelling the bicycle trip market forward.
Key Industry Players
Major companies operating in the bicycle trip market are focusing on innovative products such as galactic 27.5T to drive revenues in their market. Galactic 27.5T is a magnesium bicycle includes dual disc brakes and a front suspension system with lock-in and lock-out capability which delivers a smooth and fashionable ride and is aimed to introduce modernity to the riding community. For instance, in September 2023, Tata Stryder, an India-based bicycle manufacturer launched galactic 27.5T. Contino Galactic 27.5T include twin disc brakes, smooth shifting front and rear derailleurs, a front suspension fork with lock-in/lock-out technology, and 21 speeds for versatility on a variety of terrains. Off-road riding is best suited for magnesium frames because they are both stronger and lighter than conventional aluminum frames. Mountain bikes, fat bikes, BMX bikes, and high-performance city bikes are among the eight new models in the new range that come with a selection of multi-speed possibilities.
The bicycle trip market report table of contents includes:
1. Executive Summary
2. Bicycle Trip Market Characteristics
3. Bicycle Trip Market Trends And Strategies
4. Bicycle Trip Market – Macro Economic Scenario
5. Global Bicycle Trip Market Size and Growth
……………….
31. Global Bicycle Trip Market Competitive Benchmarking
32. Global Bicycle Trip Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Bicycle Trip Market
34. Bicycle Trip Market Future Outlook and Potential Analysis
35. Appendix
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