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Bicycle Trip Market Share

Report ID: GMI12244
Published Date: Nov 2024
Report Format: PDF

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Bicycle Trip Market Share

Intrepid Travels and Backroads hold a significant market share of around 10% in the bicycle trip industry. Intrepid Travel emphasizes sustainability and is focused on being a carbon-neutral company. The company prioritize eco-friendly cycling tours that are in line with their responsible travel approach, which is highly attractive to environmentally conscious consumers. This strategy includes selecting routes and accommodations that minimize the ecological impact, especially in nature-focused destinations.

Backroads has tapped into the growing trend of family and multigenerational travel. The company provides family-focused cycling tours with itineraries that meet different age groups and fitness levels, allowing families to enjoy active travel together. This focus helps the company to attract a broader demographic, from young children to grandparents and gain a significant market share in the market.

Bicycle Trip Market Companies

Major players operating in the bicycle trip industry include:

Backroads
Butterfield & Robinson
DuVine
Epic Road
Exodus Travels
G Adventures
Intrepid Travels
Tour Radar
Travel Leisure
Trek Travel

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of bicycle trip reached USD 1.4 billion in 2024 and is set to grow at a 13.6% CAGR from 2025 to 2034, driven by rising investments in cycling infrastructure.

In 2024, the group segment held over 40% of the market share and is expected to exceed USD 1.5 billion by 2034, propelled by the growing interest in group adventure and wellness activities.

Europe dominated the market with a major share of over 45% in 2024, due to extensive cycling routes and government support for sustainable tourism.

The key players in the industry include Backroads, Butterfield & Robinson, DuVine, Epic Road, Exodus Travels, G Adventures, Intrepid Travels, Tour Radar, Travel Leisure, and Trek Travel.