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Cycle Tourism Market Share

Report ID: GMI11220
Published Date: Sep 2024
Report Format: PDF

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Cycle Tourism Market Share

Travel + Leisure Holdco and Intrepid travel hold a significant market share in the cycle tourism industry in 2023. Travel + Leisure Holdco focuses on expanding its portfolio by introducing a wide range of cycling tours catering to different skill levels and interests, such as leisure cycling, road cycling, and mountain biking. This diversification appeals to a broader audience, including families, adventure enthusiasts, and fitness-focused travelers.

Intrepid Travel emphasizes expanding its cycling tour offerings into emerging markets in Asia, Africa, and South America, where interest in cycle tourism is growing. These regions offer unique landscapes and cultural experiences that appeal to adventure cyclists. The company partners with local operators to create authentic and immersive cycling experiences that highlight the cultural and natural beauty of these regions.

Cycle Tourism Market Companies

Major companies operating in the cycle tourism industry are:

Austin Adventures
Backroads
Butterfield & Robinson
Exodus Travels Limited.
G Adventures
Intrepid Travel
SpiceRoads Cycling
Travel + Leisure Co.
Trek Travel
World Expeditions

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of cycle tourism reached USD 130.6 billion in 2023 and is set to grow at over 8% CAGR between 2024 to 2032, led by the growing healthcare and wellness awareness.

The male segment held over 60% share in 2023 and is expected to cross USD 150 billion by 2032, attributed to their stronger preference for adventure and physically challenging activities.

Europe market accounted for 45% share in 2023, as it offers a diverse cultural and scenic experiences.

Austin Adventures, Backroads, Butterfield & Robinson, Exodus Travels Limited., G Adventures, Intrepid Travel, SpiceRoads Cycling, Travel + Leisure Co., Trek Travel, and World Expeditions.