As per the current market research conducted by the CMI Team, the global Cycling Tourism Market size is expected to record a CAGR of 8.6% from 2023 to 2032. In 2023, the market size is projected to reach a valuation of USD 125.1 Billion. By 2032, the valuation is anticipated to reach USD 262.7 Billion.
Cycling Tourism Market: Growth Factors and Dynamics
- Health and Wellness Trends: The growing focus on health and wellness has spurred interest in cycling tourism. Travelers seek active and eco-friendly experiences, contributing to the market’s growth as cycling aligns with a healthy lifestyle.
- Infrastructure Development: Improved cycling infrastructure, including dedicated trails, bike lanes, and cycling-friendly accommodations, enhances the appeal of destinations for cycling tourists. Governments and businesses invest in such infrastructure to attract cycling enthusiasts.
- Adventure and Experiential Travel: The rise of adventure and experiential travel has boosted cycling tourism. Travelers seek unique and immersive experiences, and cycling allows them to explore diverse landscapes and cultures firsthand.
- Sustainable and Eco-Friendly Practices: The emphasis on sustainable and eco-friendly travel has driven the cycling tourism market. Cycling is a low-impact and environmentally conscious mode of transportation, aligning with the preferences of environmentally conscious travelers.
- Promotion of Cycling Events: The promotion of cycling events, including races, festivals, and charity rides, has fueled market growth. These events attract participants and spectators, contributing to the economic impact of cycling tourism in various regions.
- Digital Innovation and Connectivity: Digital advancements, such as cycling apps, online communities, and GPS navigation tools, have facilitated trip planning and connectivity for cycling tourists. These technological enhancements make it easier for cyclists to discover new routes, connect with fellow enthusiasts, and share their experiences, driving the market forward.
- Cultural and Culinary Integration: Cycling tourism has evolved to incorporate cultural and culinary experiences. Travelers seek destinations where cycling adventures seamlessly blend with opportunities to explore local culture, and heritage sites, and savor regional cuisine, creating a holistic and enriching travel experience.
- Customization and Tailored Tours: The demand for personalized travel experiences has driven the growth of customized and tailored cycling tours. Tour operators and travel agencies offer flexible itineraries, catering to various skill levels and preferences, allowing cyclists to create bespoke journeys that align with their specific interests and fitness levels.
Get Free Sample Copy @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=40551
Cycling Tourism Market: Partnership and Acquisitions
- In 2021, Intrepid Travel introduced new adventure tour packages in the U.S., blending outdoor athletic activities such as cycling and walking with curated itineraries featuring sightseeing and culinary experiences. The initiative aims to provide travelers with immersive and diverse adventures that cater to both active pursuits and cultural exploration.
- In 2023, TProfile collaborated with G Adventures, enriching its content for travel agents. The partnership enables TProfile to integrate G Adventures’ diverse portfolio of global tours, spanning from Antarctic expeditions to hiking adventures in Peru, into its dynamic, real-time content, providing an extended range of offerings to its network of travel agents.
- In 2021, SpiceRoads Cycling unveiled a bicycle tour package in Colombia, Latin America, showcasing the region’s natural beauty and diversity. Recognizing Colombia’s vibrant cycling culture, the tour aims to allow tourists to appreciate the country’s enthusiasm for bicycling and experience the joy of riding in its stunning landscapes.
Cycling Tourism Market: COVID-19 Analysis
The COVID-19 pandemic has had a significant impact on the Cycling Tourism Market, with the industry experiencing both positive and negative effects. Here are some of the key impacts:
- Travel Restrictions and Safety Concerns: The pandemic led to widespread travel restrictions and safety concerns, deterring cyclists from undertaking long-distance or international cycling tours. Uncertainty about the virus and restrictions affected the overall demand for cycling tourism.
- Event Cancellations and Postponements: Many cycling events, including races, festivals, and group tours, were cancelled or postponed due to the pandemic. This affected the scheduled itineraries and plans for cycling tourists, leading to a decline in participation.
- Domestic and Regional Focus: Cycling tourism is expected to recover initially through a focus on domestic and regional markets. Travelers may opt for shorter trips within their own countries or neighbouring regions, where they feel more confident about safety and are subject to fewer travel restrictions.
- Safety Measures and Guidelines: Implementing stringent safety measures and guidelines for cycling tours will be crucial. Tour operators and destinations need to communicate and adhere to health protocols, including hygiene practices, social distancing, and sanitation, to instil confidence among cyclists.
List of the prominent players in the Cycling Tourism Market:
- DuVine Cycling + Adventure Co.
- Backroads
- Trek Travel
- Exodus Travels
- G Adventures
- Butterfield & Robinson
- com
- Intrepid Travel
- Explore Worldwide
- REI Adventures
- Thomson Bike Tours
- Cycle Europe
- Serious Cycling
- La Fuga
- Ciclismo Classico
- Others
Table of Contents: https://www.custommarketinsights.com/report/cycling-tourism-market/#table-of-contents
Read More@
https://www.linkedin.com/pulse/latestglobal-breathable
https://www.linkedin.com/pulse/according-cmi-global-electric-motor-market-size-share-wankhade-jazmf/
About Us:
Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.
Custom Market Insights provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey.
Contact Us:
USA Corporate Office
CMI Consulting LLC
1333, 701 Tillery Street Unit 12, Austin, TX, Travis, US, 78702
Sales & Support +1 801 639 9061
Email : support@custommarketinsights.com
Website : https://www.custommarketinsights.com/