2025 Bicycle Trip Market Outlook: Key Indicators Shaping Growth Through 2034

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What Will the Bicycle Trip Industry Market Size Be by 2025?

The size of the bicycle trip market has seen fast-paced expansion in the last few years. The market is projected to rise from a value of $1.46 billion in 2024 to an increased worth of $1.67 billion in 2025, representing a compound annual growth rate (CAGR) of 14.8%. The significant growth observed during the historic period can be linked to an increased consciousness of health and wellness, a cultural shift towards greener modes of transport, the impact of urbanization and traffic congestion, the roll-out of government-backed cycling infrastructure projects and the rise of bike-sharing initiatives.

What's the Long-Term Growth Forecast for the Bicycle Trip Market Size Through 2029?

The bicycle trip industry is projected to witness an accelerated growth in its market size in the upcoming years, reaching $2.91 billion by 2029 with a compound annual growth rate (CAGR) of 14.9%. This predicted growth in the forecasted time frame can be linked to the amplified emphasis on eco-tourism and sustainable journeys, the implementation of more biking tourism initiatives, favorable policies promoting bicycle commuting, and the launch of bike and bicycle-cozy accommodations. In the forecast period, the major trends include incorporation of technology, multi-day biking events, the impact of social media, bikepacking and adventurous cycling, incorporation of electric bikes, and technological advancements in bicycles.

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What Are the Key Growth Drivers Fueling the Bicycle Trip Market Expansion?

The bicycle trip market is moving ahead due to the growing trend of adventure tourism. Adventure tourism entails travel for exploration and engaging in adventurous activities, with cycling tourism falling under this category. As per a survey conducted by the Adventure Travel Trade Association, which is an international association of adventure tourism businesses in the US, it was declared in May 2022 that 82 percent of the total 142 businesses surveyed anticipate their revenues in 2022 to surpass or match those of the previous year. Consequently, the rise in adventure tourism is bolstering the bicycle trip market's growth.

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What Are the Key Trends Driving Bicycle Trip Market Growth?

One significant trend that is gaining momentum in the bicycle trip market is product innovations. Dominant players in the field are breaking ground with innovative products like Brompton's foldable bicycles to solidify their market presence. As an illustration, Brompton, a UK-based manufacturer specializing in foldable bikes, unveiled their lightest bike collection in February 2022. Among the new offerings were the pioneering T-line, featuring a superlight titanium bike weighing just 16.4 pounds, and the P-line, comprising a superlight steel foldable bike. Brompton also launched the C-line, an array of electric bikes, and the A-line, a series of entry-level foldable bikes.

How Is the Bicycle Trip Market Segmented?

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

Subsegments:

1) By Multi-Day Bicycle Trips: Guided Multi-Day Tours, Self-Guided Multi-Day Tours, Adventure Multi-Day Trips

2) By Overnight Bike Trips: Weekend Getaways, Short Escape Trips, Camping Bike Trips

3) By Long-Distance Bicycle Trips: Cross-Country Tours, Long-Distance Challenges, Transcontinental Rides

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Which Companies Are Leading the Charge in Bicycle Trip Market Innovation?

Major companies operating in the bicycle trip market include 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

Which Regions Are Leading the Global Bicycle Trip Market in Revenue?

Europe was the largest region in the bicycle trip market in 2024. 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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