Global Cycle Tourism Market Insights Forecasts to 2033

• The Global Cycle Tourism Market Size was Valued at USD 126.8 Billion in 2023
• The Market Size is Growing at a CAGR of 7.71% from 2023 to 2033
• The Worldwide Cycle Tourism Market Size is Expected to Reach USD 266.4 Billion by 2033
•  North America is Expected to Grow the fastest during the forecast period.

The Global Cycle Tourism Market Size is Anticipated to Exceed USD 266.4 Billion by 2033, Growing at a CAGR of 7.71% from 2023 to 2033.      

Market Overview

Cycling for pleasure is known as cycle tourism, and it offers a variety of services such as bike rentals, guided tours, lodging, and bike-friendly restaurants. This industry supports both quick day trips and lengthy outings, giving visitors the chance to experience a variety of environments, from breathtaking highways to strenuous hikes. The popularity of e-bikes is boosting cycle tourism's accessibility and drawing riders of all levels of fitness. The road cycling, mountain riding, family cycling, and touring segments make up this market. Businesses must comprehend the distinct demands of each specialty in order to effectively address this growing market. A new chance to interact with an expanding market of adventure seekers. The main factor boosting the market expansion is the rising demand for environmentally friendly and sustainable travel choices. Furthermore, cycling is becoming more and more popular as a recreational activity promoting outdoor participation and physical fitness due to the growing popularity of health and wellness tourism. The rise of the sector is also being aided by the construction of cycling-friendly infrastructure, including bike lanes, trails, and bike-sharing programs, which have increased accessibility and appeal to a wider variety of tourists for cycle tourism is presented by bike tourism, as more individuals look for sustainable and active vacation experiences.

Report Coverage

This research report categorizes the market for the global cycle tourism market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global cycle tourism market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global cycle tourism market.  

Driving Factors

Demand for bike tourism is rising as more and more eco-aware tourists discover cycling to be a low-impact and sustainable form of transportation. By promoting community involvement, this type of tourism not only reduces carbon emissions but also boosts local economies. The market for these environmentally friendly travel experiences is expected to develop more as environmental consciousness rises. Governments are investing heavily in bicycle infrastructure because they recognize the economic and social possibilities of cycling tourism. This has contributed to the positioning of cycling tourism as a major force behind the tourist industry's shift towards sustainability.

Restraining Factors

Issues with safety have a significant negative effect on the bicycle tourism industry, influencing the choices made by tourists on where to go. Certain problems, such as heavy traffic, bad road conditions, and the potential for unfavorable interactions with other drivers, may impede cyclists from going to certain places.

Market Segmentation

The global cycle tourism market share is classified into type, age group, and channel of sales.

• The groups/friends segment is expected to hold the largest share of the global cycle tourism market during the forecast period.   

Based on the type, the global cycle tourism market is categorized into groups/friends, couples, family, and solo. Among these, the groups/friends segment is expected to hold the largest share of the global cycle tourism market during the forecast period. Friends/Groups A group of friends or people who share similar interests can go together and enjoy riding and destination exploration as part of cycle tourism. It provides a chance for companionship, mutual experiences, and the ability to take advantage of bicycle routes and activities in a social setting. Riding a bike together is a romantic and private travel experience known as couples cycle tourism.  

• The 18 to 30-years segment is expected to grow at the fastest CAGR during the forecast period.   

Based on the age group, the global cycle tourism market is categorized into 18 to 30 years, 31 to 50 years, and above 50 years. Among these, the 18 to 30-years segment is expected to grow at the fastest CAGR during the forecast period. Young adults looking for adventure, exploration, and social interaction—especially those between the ages of 18 and 30—represent a significant market for cycling tourism. This group's motivation stems from the chance to meet new people, travel to new places, and engage in cross-cultural exchanges. Their inclination for demanding routes, group cycling events, and physically demanding activities fits in nicely with the increasing desire for adventure and experience-based travel, which makes them an important market sector for the growth of the cycling tourism market.

• The direct segment is predicted to dominate the global cycle tourism market during the forecast period.  

Based on the channel of sales, the global cycle tourism market is categorized into direct, travel agent, and marketplace booking. Among these, the direct segment is predicted to dominate the global cycle tourism market during the forecast period. Tour operators can provide personalized cycling experiences by customizing their offers to match individual consumer requirements and preferences through direct sales. Through this direct communication, tour operators may answer any questions or concerns and offer comprehensive information about bicycle routes, lodging choices, and tour itineraries. In addition, tour operators can establish enduring relationships with clients through direct sales, which promotes consumer loyalty and customer loyalty.

Regional Segment Analysis of the Global Cycle Tourism Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Europe is projected to hold the largest share of the global cycle tourism market over the forecast period.

Europe is projected to hold the largest share of the global cycle tourism market over the forecast period. The number of bicycle tourists has exploded in the UK, Germany, France, and other economies. Large networks of bike lanes, routes, and pathways are found throughout Europe. It is easier to explore because of this infrastructure, which prioritizes cycling comfort and safety and is usually separate from automobile traffic. In Europe, riding a bicycle is a common way to get around, pass the time, and participate in sports. This results in a populace that is more inclined to ride, which is even better for the industry. Furthermore, e-bikes close the fitness gap, making cycling tourism accessible to all abilities. The potential client base can be greatly increased with the introduction of e-bikes. Tourists who might not have considered bicycle tours before may now explore these magnificent destinations at their leisure and enjoy the benefits of bike tourism. This improved accessibility could encourage participation from people of all ages, revitalizing the European bike tourism industry.

North America is expected to grow at the fastest CAGR growth of the global cycle tourism market during the forecast period. Countries in North America are making significant investments in bicycle infrastructure, such as bike lanes and trails, in an effort to promote sustainable tourism. By making targeted investments, North America want to promote eco-friendly travel choices and encourage both locals and visitors to choose cycling as their primary form of transportation. This strategy not only helps environmentally conscious projects but also makes the area more appealing as a sustainable vacation destination overall.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global cycle tourism market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• SpiceRoads Cycling
• Sarracini Travel
• Arbutus Routes
• Intrepid Travel
• REI Adventures
• Ride and Seek
• Austin Adventures
• World Expeditions
• Travel + Leisure Holdco, LLC
• Exodus Travels Limited.
• Intrepid Travel
• G Adventures
• Himalayan Glacier Adventure and Travel Company
• Others

Key Market Developments

• In July 2023, A Japanese bicycle tour firm called Cycle Japan was bought by Ride & Seek. Through the acquisition, their selection of bike tours has expanded, and they now offer an extended Samurai Tour that visits both historic locations and traditional Japanese inns.

• In December 2022, adventure travel packages in the United States were introduced by Intrepid Travel. The new tours mix outdoor physical activities like walking and cycling with itineraries that emphasize food and scenery.  

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global cycle tourism market based on the below-mentioned segments: 

Global Cycle Tourism Market, By Type

• Groups/Friends
• Couples
• Family
• Solo

Global Cycle Tourism Market, By Group

• 18 to 30 Years
• 31 to 50 Years
• above 50 years

Global Cycle Tourism Market, By Channel of Sales

• Direct
• Travel Agent
• Marketplace Booking

Global Cycle Tourism Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa