Bicycle Trip Market Report 2025

The bicycle trip market size has grown rapidly in recent years. It will grow from $1.46 billion in 2024 to $1.67 billion in 2025 at a compound annual growth rate (CAGR) of 14.8%. 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 $2.91 billion in 2029 at a compound annual growth rate (CAGR) of 14.9%. 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.

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 growing participation in sports activities is anticipated to drive the expansion of the bicycle trip market in the future. Sports activities encompass a diverse range of physical and competitive pursuits that individuals or teams engage in for exercise, enjoyment, or competition. Bicycle trips, as a form of sport activity, provide various physical, mental, and environmental benefits, including improved muscle strength and tone, joint health, coordination and balance, flexibility, and enhanced immune function. For instance, a 2023 report by the Sports & Fitness Industry Association (SFIA), a US-based organization focused on sports and fitness, revealed that 242 million Americans (about 78.8% of the population) participated in sports or fitness activities at least once in 2023. This marks a 2.2% increase from the previous year, continuing a decade-long upward trend in participation. Thus, the rising number of sports activities is propelling 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 July 2024, SpiceRoads Co Ltd., a Thailand-based company, formed a partnership with Sustainable Travel International. Through this collaboration, SpiceRoads intends to enhance its portfolio by leveraging Sustainable Travel International's expertise in offering bicycle trips. Sustainable Travel International is a US-based company that specializes in cycling tours.

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.

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. 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.

A bicycle trip constitutes a form of adventure tourism wherein individuals embark on extended journeys, either alone or in groups, traveling via bicycles for varying durations, ranging from days to potentially years. These trips cater to cycling enthusiasts seeking unique travel experiences.

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 bicycle trip market includes revenues earned by entities by providing services such as guided bicycle trips, self-guided bicycle trips, and self-supported bicycle trips. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

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.