Cycle Tourism Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
The Global Cycle Tourism Market was valued at USD 130.6 billion in 2023 and is projected to depict a CAGR of 8% from 2024 to 2032, largely fueled by heightened awareness of healthcare and wellness. As global health consciousness rises, activities like cycling and sports are gaining traction. The World Health Organization (WHO) underscores the benefits of such activities, noting their role in mitigating risks of diabetes, cardiovascular diseases, depression, and colon cancer. Yet, it's concerning that physical inactivity ranks as the fourth leading global mortality risk, accounting for 3.2 million deaths annually and paving the way for non-communicable diseases like diabetes, stroke, and cancer.
Alarmingly, many nations are witnessing dwindling levels of physical activity. In this context, cycle tourism stands out as a compelling choice for health-conscious travelers, seamlessly merging travel with exercise. This trend is poised to significantly bolster the market during the forecast period. The overall cycle tourism industry is classified based on tourism, group, age group, gender, duration, destination, and region.
Market segmentation by gender reveals that males constituted approximately 60% of the market share in 2023, with projections suggesting they will surpass USD 150 billion by 2032. This male dominance can be linked to a pronounced inclination towards adventure and physically demanding pursuits. The surge in mountain biking, long-distance road cycling, and other rigorous cycling endeavors among male tourists underscores this trend. The competitive nature of cycling, coupled with an adventurous spirit, draws many men into the fold of cycle tourism. Tourism segmentation highlights adventure cycling, road cycling, mountain biking, leisure cycling, and more.
In 2023, mountain biking claimed roughly 35% of the market share. Local governments and private entities are investing in trail networks, positioning their regions as prime spots for mountain biking aficionados. These initiatives encompass well-marked trails and essential amenities like repair services, bike rentals, and guided tours. Such infrastructure not only attracts seasoned mountain bikers but also entices newcomers, fueling the segment's growth.
Europe commanded a dominant 45% of the market share in 2023, with expectations of significant expansion through 2032. The continent boasts a robust cycling infrastructure, highlighted by dedicated bike lanes and extensive networks like EuroVelo. Nations such as the Netherlands, Denmark, and Germany are celebrated for their cyclist-friendly urban landscapes, making bike exploration both easy and enticing for tourists. This established infrastructure, coupled with Europe's rich tapestry of cultural and scenic offerings — from France's vineyards and Italy's historical trails to Spain's coastal routes-positions Europe as a premier destination for cycle tourism.
Alarmingly, many nations are witnessing dwindling levels of physical activity. In this context, cycle tourism stands out as a compelling choice for health-conscious travelers, seamlessly merging travel with exercise. This trend is poised to significantly bolster the market during the forecast period. The overall cycle tourism industry is classified based on tourism, group, age group, gender, duration, destination, and region.
Market segmentation by gender reveals that males constituted approximately 60% of the market share in 2023, with projections suggesting they will surpass USD 150 billion by 2032. This male dominance can be linked to a pronounced inclination towards adventure and physically demanding pursuits. The surge in mountain biking, long-distance road cycling, and other rigorous cycling endeavors among male tourists underscores this trend. The competitive nature of cycling, coupled with an adventurous spirit, draws many men into the fold of cycle tourism. Tourism segmentation highlights adventure cycling, road cycling, mountain biking, leisure cycling, and more.
In 2023, mountain biking claimed roughly 35% of the market share. Local governments and private entities are investing in trail networks, positioning their regions as prime spots for mountain biking aficionados. These initiatives encompass well-marked trails and essential amenities like repair services, bike rentals, and guided tours. Such infrastructure not only attracts seasoned mountain bikers but also entices newcomers, fueling the segment's growth.
Europe commanded a dominant 45% of the market share in 2023, with expectations of significant expansion through 2032. The continent boasts a robust cycling infrastructure, highlighted by dedicated bike lanes and extensive networks like EuroVelo. Nations such as the Netherlands, Denmark, and Germany are celebrated for their cyclist-friendly urban landscapes, making bike exploration both easy and enticing for tourists. This established infrastructure, coupled with Europe's rich tapestry of cultural and scenic offerings — from France's vineyards and Italy's historical trails to Spain's coastal routes-positions Europe as a premier destination for cycle tourism.
Report Content
CHAPTER 1 METHODOLOGY & SCOPE
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates and calculations
1.2.1 Base year calculation
1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definitions
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Market 360° synopsis, 2021 - 2032
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.2 Supplier landscape
3.2.1 Activity operators
3.2.2 Cycle travel agencies
3.2.3 Accommodation providers
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Most visited cycle tourism spots, by region
3.6 Patent analysis
3.7 Key news and initiatives
3.7.1 Partnership/Collaboration
3.7.2 Merger/Acquisition
3.7.3 Investment
3.7.4 Product launch & innovation
3.8 Regulatory landscape
3.9 Impact forces
3.9.1 Growth drivers
3.9.1.1 Growing interest of people in health and fitness
3.9.1.2 Increasing investment in cycling infrastructure and dedicated bike trails.
3.9.1.3 Rising demand for eco-friendly and sustainable travel options
3.9.1.4 Expanding adventure tourism sector
3.9.2 Industry pitfalls & challenges
3.9.2.1 Inconsistent cycling infrastructure across regions
3.9.2.2 Seasonal dependency and weather conditions
3.10 Growth potential analysis
3.11 Porter’s analysis
3.12 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
CHAPTER 5 MARKET ESTIMATES & FORECAST, BY TOURISM, 2021-2032 ($BN)
5.1 Key trends
5.2 Mountain biking
5.3 Road cycling
5.4 Leisure cycling
5.5 Adventure cycling
5.6 Others
CHAPTER 6 MARKET ESTIMATES & FORECAST, BY GROUP, 2021-2032 ($BN)
6.1 Key trends
6.2 Groups/Friends
6.3 Couples
6.4 Family
6.5 Solo
CHAPTER 7 MARKET ESTIMATES & FORECAST, BY GENDER, 2021-2032 ($BN)
7.1 Key trends
7.2 Male
7.3 Female
CHAPTER 8 MARKET ESTIMATES & FORECAST, BY AGE GROUP, 2021-2032 ($BN)
8.1 Key trends
8.2 Below
8.3 18–30
8.4 30-50
8.5 Above
CHAPTER 9 MARKET ESTIMATES & FORECAST, BY DURATION, 2021-2032 ($BN)
9.1 Key trends
9.2 Short trips (1-3 days)
9.3 Medium trips (4-7 days)
9.4 Long trips (8+ days)
CHAPTER 10 MARKET ESTIMATES & FORECAST, BY DESTINATION, 2021-2032 ($BN)
10.1 Key trends
10.2 Domestic
10.3 International
CHAPTER 11 MARKET ESTIMATES & FORECAST, BY REGION, 2021-2032 ($BN)
11.1 Key trends
11.2 North America
11.2.1 U.S.
11.2.2 Canada
11.3 Europe
11.3.1 UK
11.3.2 Germany
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 Russia
11.3.7 Nordics
11.3.8 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.2 India
11.4.3 Japan
11.4.4 South Korea
11.4.5 ANZ
11.4.6 Southeast Asia
11.4.7 Rest of Asia Pacific
11.5 Latin America
11.5.1 Brazil
11.5.2 Mexico
11.5.3 Argentina
11.5.4 Rest of Latin America
11.6 MEA
11.6.1 South Africa
11.6.2 UAE
11.6.3 Saudi Arabia
11.6.4 Rest of MEA
CHAPTER 12 COMPANY PROFILES
12.1 Adventure Centre
12.2 Arbutus Routes
12.3 Arizona Outback Adventure
12.4 Austin Adventures
12.5 Backroads
12.6 Bicycle Adventures
12.7 Butterfield & Robinson
12.8 Colombia Bike Tours
12.9 CycleGreece
12.10 Dreamride
12.11 Exodus Travels Limited.
12.12 Freewheel Holidays
12.13 G Adventures
12.14 Himalayan Glacier Adventure and Travel Company
12.15 Intrepid Travel
12.16 Sarracini Travel
12.17 SpiceRoads Cycling
12.18 TDA Global Cycling
12.19 Travel + Leisure Co.
12.20 World Expeditions
CHAPTER 1 METHODOLOGY & SCOPE
1.1 Research design
1.1.1 Research approach
1.1.2 Data collection methods
1.2 Base estimates and calculations
1.2.1 Base year calculation
1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
1.4.1 Primary sources
1.4.2 Data mining sources
1.5 Market definitions
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Market 360° synopsis, 2021 - 2032
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.2 Supplier landscape
3.2.1 Activity operators
3.2.2 Cycle travel agencies
3.2.3 Accommodation providers
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Most visited cycle tourism spots, by region
3.6 Patent analysis
3.7 Key news and initiatives
3.7.1 Partnership/Collaboration
3.7.2 Merger/Acquisition
3.7.3 Investment
3.7.4 Product launch & innovation
3.8 Regulatory landscape
3.9 Impact forces
3.9.1 Growth drivers
3.9.1.1 Growing interest of people in health and fitness
3.9.1.2 Increasing investment in cycling infrastructure and dedicated bike trails.
3.9.1.3 Rising demand for eco-friendly and sustainable travel options
3.9.1.4 Expanding adventure tourism sector
3.9.2 Industry pitfalls & challenges
3.9.2.1 Inconsistent cycling infrastructure across regions
3.9.2.2 Seasonal dependency and weather conditions
3.10 Growth potential analysis
3.11 Porter’s analysis
3.12 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
CHAPTER 5 MARKET ESTIMATES & FORECAST, BY TOURISM, 2021-2032 ($BN)
5.1 Key trends
5.2 Mountain biking
5.3 Road cycling
5.4 Leisure cycling
5.5 Adventure cycling
5.6 Others
CHAPTER 6 MARKET ESTIMATES & FORECAST, BY GROUP, 2021-2032 ($BN)
6.1 Key trends
6.2 Groups/Friends
6.3 Couples
6.4 Family
6.5 Solo
CHAPTER 7 MARKET ESTIMATES & FORECAST, BY GENDER, 2021-2032 ($BN)
7.1 Key trends
7.2 Male
7.3 Female
CHAPTER 8 MARKET ESTIMATES & FORECAST, BY AGE GROUP, 2021-2032 ($BN)
8.1 Key trends
8.2 Below
8.3 18–30
8.4 30-50
8.5 Above
CHAPTER 9 MARKET ESTIMATES & FORECAST, BY DURATION, 2021-2032 ($BN)
9.1 Key trends
9.2 Short trips (1-3 days)
9.3 Medium trips (4-7 days)
9.4 Long trips (8+ days)
CHAPTER 10 MARKET ESTIMATES & FORECAST, BY DESTINATION, 2021-2032 ($BN)
10.1 Key trends
10.2 Domestic
10.3 International
CHAPTER 11 MARKET ESTIMATES & FORECAST, BY REGION, 2021-2032 ($BN)
11.1 Key trends
11.2 North America
11.2.1 U.S.
11.2.2 Canada
11.3 Europe
11.3.1 UK
11.3.2 Germany
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 Russia
11.3.7 Nordics
11.3.8 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.2 India
11.4.3 Japan
11.4.4 South Korea
11.4.5 ANZ
11.4.6 Southeast Asia
11.4.7 Rest of Asia Pacific
11.5 Latin America
11.5.1 Brazil
11.5.2 Mexico
11.5.3 Argentina
11.5.4 Rest of Latin America
11.6 MEA
11.6.1 South Africa
11.6.2 UAE
11.6.3 Saudi Arabia
11.6.4 Rest of MEA
CHAPTER 12 COMPANY PROFILES
12.1 Adventure Centre
12.2 Arbutus Routes
12.3 Arizona Outback Adventure
12.4 Austin Adventures
12.5 Backroads
12.6 Bicycle Adventures
12.7 Butterfield & Robinson
12.8 Colombia Bike Tours
12.9 CycleGreece
12.10 Dreamride
12.11 Exodus Travels Limited.
12.12 Freewheel Holidays
12.13 G Adventures
12.14 Himalayan Glacier Adventure and Travel Company
12.15 Intrepid Travel
12.16 Sarracini Travel
12.17 SpiceRoads Cycling
12.18 TDA Global Cycling
12.19 Travel + Leisure Co.
12.20 World Expeditions
