Bicycle Trip Market Growing Trends, Revenue, Leading Players and Demand Forecast 2023-2032| SpiceRoads Cycling, Epic Road Rides, Explore Worldwide Ltd., Intrepid Group Pty Limited, Bicycle Adventures

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Bicycle Trip Global Market Report 2023 identifies Increasing adventure tourism as the major driver for the bicycle trip market's growth in the forecast period. 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.

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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Major competitors in the bicycle trip market are SpiceRoads Cycling, Epic Road Rides, Explore Worldwide Ltd., Intrepid Group Pty Limited, Bicycle Adventures, Exodus Travels Limited, G Adventures, Backroads, DuVine Cycling + Adventures Co., Endurance Sportswire Inc., Ace Adventure, Arizona Outback Adventure, Arbutus Routes, Colombia Bike Tours, CycleGreece and ROW Adventures.

A key trend in the bicycle trip market includes Product innovations. Major companies operating in the bicycle trip market are introducing innovative products such as Brompton foldable bicycles to sustain their position in the market. For instance, in February 2022, Brompton, a UK-based manufacturer of foldable bikes, introduced its lightest-ever lineup of foldable bikes. The new products launched included an innovative T-line, which includes a superlight 16.4-pound titanium bike, and a P-line, a superlight steel foldable bike. Other product lines launched included the C-line, which is a line of electric bikes, and the A-line, which is a line of entry-level foldable bikes.

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The bicycle trip market is segmented -
• 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.

The Business Research Company's "Global Bicycle Trip Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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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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