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Bicycle Trip Global Market 2023 - Latest Trends, Technological Advancement, Growth Drivers And Forecast To 2032
Bicycle Trip Market
Bicycle Trip Market Size, Growth Rate, And Forecast
The global bicycle trip market size is expected to grow from $1.01 billion in 2022 to $1.16 billion in 2023 at a compound annual growth rate (CAGR) of 15.12%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global bicycle trip market size is expected to grow to $2.02 billion in 2027 at a CAGR of 14.77%.
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Bicycle Trip Market Drivers
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.
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Bicycle Trip Market Segments
• By Type: Multi-Day Bicycle Trips, Overnight Bike Trips, Long-Distance Bicycle Trips
• By Age Group: 18-30 Years, 31-50 Years, Above 50 Years
• By Application: Solo, Group
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the Bicycle Trip market.
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Bicycle Trip Market Key Players
Major competitors in the Bicycle Trip market include SpiceRoads Cycling, Epic Road Rides, Explore Worldwide Ltd., Intrepid Group Pty Limited, Bicycle Adventures, Exodus Travels Limited.
The Business Research Company's "Global Bicycle Trip Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Bicycle Trip Market Include:
1. Executive Summary
2. Bicycle Trip Market Characteristics
3. Bicycle Trip Market Trends And Strategies
4. Bicycle Trip Market - Macro Economic Scenario
5. Bicycle Trip Market Size And Growth
...............
26. Africa Bicycle Trip Market
27. Bicycle Trip Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Bicycle Trip Market
29. Bicycle Trip Market Future Outlook and Potential Analysis
30. Appendix
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