Bicycle Trip Global Market Report 2024

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%. In the historic period, the growth of bicycle trips was influenced by several factors. These included heightened awareness regarding health and wellness, a societal shift towards sustainable modes of transportation, increasing urbanization leading to traffic congestion, government initiatives aimed at developing cycling infrastructure, and the 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%. In the forecast period, the anticipated growth in bicycle trips is expected to be driven by a heightened focus on eco-tourism and sustainable travel practices. This growth will be further propelled by the expansion of bike tourism initiatives and supportive policies promoting biking as a commuting option. Additionally, there will be an introduction of accommodations tailored to cater to the needs of cyclists. Some major trends in this period will involve the integration of technology, the rise of multi-day bicycle events, the influence of social media on cycling, the popularity of bikepacking and adventure cycling, the incorporation of electric bicycles, and advancements in bicycle technology.

The bicycle trip market is experiencing growth driven by the increasing popularity of adventure tourism. Adventure tourism involves people traveling to explore new cultures and engage in adventurous sports, with cycling tourism being a notable component. A survey conducted by the Adventure Travel Trade Association in May 2022 revealed that 82% of the 142 business operators surveyed anticipated higher or equal revenues in 2022 compared to 2021. This surge in adventure tourism activities is contributing to the forward momentum of the bicycle trip market.

The growth of the bicycle trip market is further fueled by the rising number of sports activities. Sports activities encompass a diverse range of physical and competitive pursuits undertaken by individuals or teams for exercise, entertainment, or competition. Engaging in bicycle trips as a sport activity provides various physical, mental, and environmental benefits, including improved muscle strength, joint health, coordination, balance, flexibility, and an enhanced immune system. Notably, in September 2022, a report by Travel Weekly indicated that 175 million people traveled for amateur or collegiate sports in 2021, marking an 82% increase from the previous year. This significant rise in sports-related travel is a key driver behind the growth of the bicycle trip market.

A prominent trend in the bicycle trip market is the emphasis on product innovations by major industry players. Companies are introducing innovative products, such as Brompton's foldable bicycles, to maintain their market position. In February 2022, Brompton, a UK-based manufacturer of foldable bikes, launched its lightest-ever lineup of foldable bikes. This included the T-line with a superlight 16.4-pound titanium bike and the P-line with a superlight steel foldable bike. Additional product lines introduced were the C-line, featuring electric bikes, and the A-line, consisting of entry-level foldable bikes. Product innovations such as these contribute to the overall dynamism and competitiveness of the bicycle trip market.

Major players in the bicycle trip market are strategically focusing on innovative products, such as the Galactic 27.5T, to drive revenues and enhance their market presence. The Galactic 27.5T is a magnesium bicycle equipped with dual disc brakes and a front suspension system featuring lock-in and lock-out capability. This bicycle is designed to deliver a smooth and fashionable riding experience, introducing a modern touch to the riding community. In September 2023, Tata Stryder, an India-based bicycle manufacturer, launched the Galactic 27.5T. The Contino Galactic 27.5T model boasts twin disc brakes, front and rear derailleurs for smooth shifting, a front suspension fork with lock-in/lock-out technology, and 21 speeds, providing versatility on various terrains. Magnesium frames, known for their strength and lightweight characteristics, make them well-suited for off-road riding, including mountain bikes, fat bikes, BMX bikes, and high-performance city bikes. Tata Stryder's new range introduces eight models with multiple speed options, catering to diverse preferences.

In March 2021, Lindblad Expeditions Holdings, a US-based adventure tourism operator, made a strategic move by acquiring a majority stake in DuVine Cycling + Adventure Co. and Off the Beaten Path LLC. This acquisition is positioned to expand Lindblad's portfolio in adventure tourism, specifically in the realms of cycling tourism and domestic expeditions. DuVine Cycling + Adventure Co., based in the US, is recognized as a luxury cycling and adventure tourism operator. Off the Beaten Path, operating out of France, is an active travel operator specializing in domestic adventure travel. This acquisition aligns with Lindblad Expeditions Holdings' commitment to diversifying its offerings and strengthening its position in the adventure tourism sector.

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.

Europe was the largest region in the bicycle trip market in 2023. The regions covered in the bicycle trip market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the bicycle trip market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The principal categories of bicycle trips encompass multi-day excursions, overnight ventures, and long-distance expeditions. Multi-day trips denote journeys spanning beyond a single day. Participation in bicycle trips transcends age barriers, with involvement across categories including 18-30 years, 31-50 years, and those above 50 years. Such trips find application in both individual and group settings.

The bicycle trips market research report is one of a series of new reports that provides bicycle trips market statistics, including bicycle trips industry global market size, regional shares, competitors with a bicycle trips market share, detailed bicycle trips market segments, market trends and opportunities, and any further data you may need to thrive in the bicycle trips industry. This bicycle trips market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.