Pedaling Prosperity: Bicycle Trip Market Expands with Surging Trends and Unexplored Segments

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Bicycle Trip Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The bicycle trip market size has grown rapidly in recent years. It will grow from $1.17 billion in 2023 to $1.35 billion in 2024 at a compound annual growth rate (CAGR) of 15.5%. The growth in the historic period can be attributed to rise in health and wellness awareness, cultural shift towards sustainable transportation, urbanization and traffic congestion, government initiatives for cycling infrastructure, emergence of bike-sharing programs..

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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Market Segmentation:
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

Major Driver - Adventure Tourism Surge Fuels Growth In Bicycle Trip Market
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.

Competitive Landscape:
Major companies operating in the bicycle trip market report 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, ROW Adventures, Life Time Fitness Inc., EcoBike, Escape Adventures, Butterfield & Robinson, Trek Travel LLC, Tourissimo, Hero Cycles Ltd., Merida Industry Co Ltd., Derby Cycle, Mobility Holdings Ltd., Trek Bicycle Corporation, Giant Bicycles, Accell Group NV, Specialized Bicycle Components Inc., Cannondale Bicycle Corporation, Santa Cruz Bicycles, Yeti Cycles, Pivot Cycles, Ibis Cycles, Kona Bikes, Gary Turne Bicycles, Scott Sports, Orbea, Bicycle Manufacturing Company, Cicli Pinarello SpA, Colnago Ernesto & C. Srl .

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Top Trend - Innovative Product Offerings Is A Catalyst For Growth In The Bicycle Trip Market

Product innovations are a key trend gaining popularity in the bicycle trip market. 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.

The Table Of Content For The Market Report 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
…..
27. Bicycle Trip Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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