NEWARK, Del, Oct. 26, 2022 (GLOBE NEWSWIRE) — As per a recent market analysis by Future Market Insights (FMI), Bicycle Tourism market is poised to reach a valuation of US$ 345.1 Mn in 2022. Sales are projected to increase at a 14% CAGR, with the market size reaching US$ 1291.3 Mn 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.
Request a Report Sample to Gain Comprehensive Insights@ https://www.futuremarketinsights.com/reports/sample/rep-gb-3170
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.
Impact of COVID-19 on the Bicycle Tourism Market:
The tourism sector was the one which got tremendously hit by the pandemic. The regulations imposed by various nations for the safety of people was very strict. This made the working of tourism market very difficult as a result the tourism companies had to shut down. This made it next to impossible for the tourism market to get back on track.
People were annoyed by being locked down in the walls of their homes and wished to satisfy their urge to go out in some or the other way. Now that the things are getting back to normal, a considerably high rise is seen in the amount of tourists. The pandemic also forced people to be more concerned about their health which increased the use of bicycles as a mode of travel. As a result, great incline is seen among the tourists opting for Bicycle tourism.
For any Queries Linked with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-3170
Who is winning?
Leading players in the Bicycle Tourism Market are Backroads, EcoBike, Escape Adventures, DuVine Adventures, Butterfield and Robinson, World Expeditions, Spice Roads, Exodus, Intrepid, G Adventures, Himalayan Glacier Adventure and Travel Company, Sarracini Travel, Arbutus Routes, Austin Adventures among others.
Get More Valuable Insights
Future Market Insights, in its new offering, provides an unbiased analysis of the Bicycle Tourism market, presenting historical demand data (2017-2021) and forecast statistics for the period from 2022-2032. The study divulges compelling insights on the Bicycle Tourism by Type (Road Cycling, Mountain Biking, Family Cycling and Touring/Expedition) Booking Channel (Phone Booking, Online Booking & In Person Booking) Tourist Type (Domestic & International) Tour Type (Independent Traveller, Packaged travellers, Tour Group) Age Group (15-25 Years, 26-35 Years, 36-45 Years, 46-55 Years, 56-65 Years, 66-75 Years) & Region – Forecast to 2017 – 2032.
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.1.1. Who Is Travelling?
1.1.2. How Much Do They Spend?
1.1.3. Direct Contribution of Tourism To GDP
1.1.4. Direct Contribution of Tourism To Employment
1.2. Tourism Evolution Analysis
1.3. FMI Analysis and Recommendations
2. Market Introduction
2.1. Total Spending (US$ Mn) and Forecast (2022-2032)
2.2. Number of Bicycle Travelers (Mn) and Forecast (2022-2032)
2.3. Total Spending Y-o-Y Growth Projections (2022-2032)
2.4. Number of Bicycle Travelers Y-o-Y Growth Projections
Click on the Below Link to Buy this Report@ https://www.futuremarketinsights.com/checkout/3170
Have a Look at Related Research Reports of Travel and Tourism Market Insights
Alternative Tourism Market Size: Alternative Tourism Market by Type, Booking Channel, Tourist, Tour, Age Group & Region – Forecast 2022 – 2032
Ornithology Tourism Market Trends: Ornithology Tourism Market by Booking Channel, Tourist Type, Tour, Age Group & Region – Forecast 2022 – 2032
Caribbean Cruises Market Sale: Caribbean Cruises Market by Cruise destinations Type, Booking Channel, Tourist, Age Group & Region – Forecast 2022 – 2032
Micro Hotel Market Type: Micro Hotel Market by Hotel Type, Booking Channel, Tourist Type, Tour Type, Consumer Orientation, Age Group & Region – Forecast 2022 – 2032
Hong Kong Outbound Tourism Market Share: Hong Kong Outbound Tourism Market by Purpose, Booking Channel, Tour Type & Forecast to 2022 – 2032
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
