Bicycle Tourism Market Spins with 14% Annual Growth, Eyeing US$ 1291.3 Million by 2032

People around the world are getting more and more aware about the environment and looking for various ways to reduce the carbon footprint in order to save the degradation of environment. This has diverted people towards the use of bicycles, more sustainable mode of transport.

Bicycle tour is an efficient way of tourism which involves exercising while being fun and adventurous. After the pandemic era, people are also getting more health conscious and looking for options to be in shape along with feeding their desire to explore different parts of world.

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People want a break from their monotonous schedule after staying at their homes for a considerably high amount of time. The tour companies are coming up with new tour packages which include extra activities to satisfy the customer’s needs.

These packages are often preferred by tour groups wanting to utilize every bit of their energy to fulfil their hunger of tourism which include camping events, hiking events, yoga, meditation and many other activities. Furthermore, there has been a hike in the inflation after the pandemic and war which caused the increase in fuel prices and made the travellers choose bicycles as the primary mode of transport.

These factors has caused a tremendous impact on the bicycle tourism market by drawing traveller’s attention towards the benefits of utilizing bicycles as a mode of tourism. This trend is expected to grow in coming years as the need of sustainable travel and scarcity of fossil fuels will keep on rising.

“Rising awareness about sustainability and travellers getting more health conscious expected to boon the Bicycle tourism Market.“Says an FMI analyst.

Key Takeaways:

Based on type of tourism, Touring/ Expedition predicted to account for a dominant share of Travelers in the market through 2032.
By booking channel, the online booking segment is anticipated to hold a noteworthy share of nearly ~60%.
In terms of age group, demand in the youngsters in the age group 15-25 years and 26-35 years will continue gaining traction through 2032.
Based on packages, Bicycle tourism travelers will continue to opt tour group deals over the normal travel deals.

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Leading players in the Bicycle Tourism Market