Top Market Shifts Transforming the Cycling Tourism Market Landscape: Key Insights

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What Is the Expected CAGR for the Cycling Tourism Market Through 2025?
Over the past few years, there has been a significant increase in the size of the cycling tourism market. This market is expected to expand from $115.44 billion in 2024 to $125.53 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.7%. Factors contributing to the growth in the historic period include a rise in eco-friendly travel, growing awareness about health, development in cycling infrastructure, a surge in adventure tourism, and government backing for sustainable transportation methods.

What's the Projected Size of the Global Cycling Tourism Market by 2029?
The cycling tourism market is projected to experience significant expansion in the coming years, surging to $175.28 billion by 2029 with a compound annual growth rate (CAGR) of 8.7%. This expected growth in the forecast timeframe can be linked to the rising adoption of e-bikes, advancement in digital and virtual cycling platforms, heightened emphasis on health tourism, development of bike-friendly facilities, and increasing environmental consciousness. Key trends anticipated in the forecast period encompass a growing interest in green and sustainable travel habits, extended cycling facilities and safety provisions, the rise of dedicated cycling events and festivals, the creation of cycling routes and experiences with specific themes, and the growth of cooperative alliances between tourism departments and local enterprises.

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Top Growth Drivers in the Cycling Tourism Industry: What's Accelerating the Market?
The escalating inclination towards environmentally conscious travel is predicted to stimulate the expansion of the cycling tourism market. This type of travel focuses on limiting the adverse environmental effects and promoting sustainable activities, largely by reducing carbon emissions, preserving resources, and aiding local ecosystems. The preference for environmentally friendly travel is gaining momentum due to an increased understanding of environmental issues and a burgeoning interest among tourists to cut down their carbon emissions and endorse sustainable operations. Cycling tourism enhances eco-friendly travel by introducing a sustainable, low-carbon method to discover locations while lessening the environmental detriment. For instance, the World Travel & Tourism Council (WTTC), a UK-based platform for the travel and tourism sector, indicated in January 2023 that there has been a surge in consumer demand for sustainable tourism, with 69% of the 2023 travelers actively seeking out environmentally friendly travel alternatives, and almost 60% had opted for sustainable travel options over the past two years. Hence, the escalating inclination towards environmentally conscious travel will likely spur the growth of the cycling tourism market.

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Which Fast-Growing Trends Are Poised to Disrupt the Cycling Tourism Market?
Focusing on innovative experiences such as adventure biking, key players in the cycling tourism industry are honing their tactics to support sustainable tourism and enhance travellers' experiences. Private cycling tours offer bespoke itineraries designed for individuals or smaller groups, with the flexibility to adapt to their unique interests and preferences. In February 2024, for example, LifeCycle Adventures - a cycling tour operator based in the US - introduced fresh cycling tours across Croatia. This company provides high-end personalized tours, giving patrons the choice of guided or self-navigated experiences using hybrid, road, and e-bikes. Their tours traverse the awe-inspiring coastlines of the Istrian Peninsula, as well as its quaint hilltop towns and historical farmsteads, with options to prolong the tour to include Venice and Trieste. Ideally timed for spring and the transition periods into and out of summer, these tours meld picturesque landscapes with rich cultural experiences.

What Are the Main Segments in the Cycling Tourism Market?
The cycling tourism market covered in this report is segmented -

1) By Type Of Cycling: Road Cycling, Mountain Biking, Urban Cycling, Touring And Adventure Cycling, Other Type Of Cycling
2) By Type Of Tour: Self-Guided Tours, Guided Tours, Package Tours
3) By Age Group: 18 To 30 Years, 30 To 50 Years, Above 50
4) By Mode Of Booking: Direct, Company Website, Travel Agents, Other Modes Of Booking
5) By Tourist: Solo, Friends Group, Couple, Family

Subsegments:
1) Road Cycling: Competitive Road Cycling, Recreational Road Cycling, Long-Distance Road Cycling
2) Mountain Biking: Cross-Country Mountain Biking, Downhill Mountain Biking, Enduro Mountain Biking, Trail Riding
3) Urban Cycling: City Sightseeing by Bike, Commuter Cycling, Bike-Sharing Programs
4) Touring and Adventure Cycling: Multi-Day Bike Tours, Self-Guided Cycling Tours, Guided Adventure Cycling Trips
5) Other Type of Cycling: Gravel Cycling, Fat Biking, Electric Bike (E-Bike) Tourism

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Which Top Companies are Driving Growth in the Cycling Tourism Market?
Major companies operating in the cycling tourism market are Recreational Equipment Inc., Travel + Leisure Holdco LLC, Intrepid Travel, G Adventures, Explore Worldwide, Backroads, Vermont Bicycle Tours (VBT) Bicycling and Walking Vacations, Trek Travel, Macs Adventure, Exodus Travels, Great Explorations, Saddle Skedaddle, Austin Adventures, Biking Tours Portugal, Ciclismo Classico, Trafalgar, Cycle Europe, Pure Adventures, Bicycle Adventures, Peak Tours, Arbutus Routes, BikeHike Adventures

Which Regions Will Dominate the Cycling Tourism Market Through 2029?
Europe was the largest region in the cycling tourism market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cycling tourism market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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