Leading Players of Global Cycle Tourism Market Arizona Outback Adventure, Arbutus Routes, Austin Adventures, Backroads etc.
(TRAVPR.COM) UNITED STATES - September 23rd, 2021 - According to the new report published by Industry Research Place Global Cycle Tourism Market is valued at USD 311.64 Million in 2020 and is expected to reach USD 681.23 Million by 2026 with the CAGR of 13.95 % over the forecast period.
This report analyses the global market for Cycle Tourism. The report will enable the user to understand and gain insights into the current and forecast market situation. The market is comprehensively analyzed by geography to give complete information on the global scenario. The qualitative and quantitative data provided in this study can help user understand which market segments, regions are expected to grow at higher rates, factors affecting the market and key opportunity areas. The report also includes competitive landscape of key players in the industry along with emerging trends in the market.
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Global Cycle Tourism Market COVID-19 impact Analysis
Round the world, the number of people walking and cycling has risen to unprecedented levels during the COVID-19 pandemic. For example, the number of kilometers travelled by bike in Switzerland doubled during the country’s partial lockdown, while counting stations in Philadelphia saw the number of cyclists increase by an average of 150%. Government leaders are currently taking steps to encourage this development through new infrastructure projects and funding, such as the UK government’s new GBP 2 billion [USD 2.5 billion] proposal to improve and expand pedestrian and cycling infrastructure domestically.
In association to other sectors, cycling could generate more local jobs and more jobs for workers with lower qualification levels. Compared to highway projects, investments in cycling infrastructure create more jobs per dollar spent. Promoting active transportation is also an opportunity to boost property values and retail revenues, encouraging an economic recovery from the crisis and assisting develop livable, equitable, and healthier communities.
This report highlights the impact of the Covid-19 pandemic on Global Cycle Tourism Market. By combining data from a range of industry sources, as well as predictive modeling and market trend analysis, we provide an evidence-based set of projections that will allow organizations to plan their strategies more effectively. The report gives in depth analysis of short term and long term impacts of epidemic on the industry.
The COVID 19 impact assessment of Global Cycle Tourism Market is divided into following sections:
Section1: Pre Lockdown
This part of the report looks at how market changed throughout early 2020, as the spread of COVID-19 intensified on different geographies.
Section2: During Lockdown
This part of the report collects data from across the sector to know how people have responded to lockdown. It analyses the impact of the epidemic on the workforce in the industry and disruption in various regions and countries
Section3: Post Lockdown
This part of the report project what sector recovery could look like and summarizes ways in which the business landscape could shift.
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Key Players
1.Arizona Outback Adventure
2.Arbutus Routes
3.Austin Adventures
4.Backroads
5.Colombia Bike Tours
6.CYCLEGREECE
7.Dreamride
8.DUVINE ADVENTURES
9.Fresh Tracks Canada
10.ROW Adventures.
- Others
Above mentioned companies were scrutinized to assess competitive landscape of Global Cycle Tourism Market. Report provides company profiles of each player. Each profile include company product portfolio, business overview, company governance, company financials, business strategies, manufacturing locations and production facilities, company sale, recent developments and strategic collaborations & partnerships, new product launch, company segments, application diversification and company strength and weakness analysis.
Market Segmentation
- Type
- Solo
- Friends
- Group
- Couple
- Family
- Age Group
- 18–30 years
- Above 30
- Above 50
- Channel of Sales
- Direct Company Website
- Travel Agents
- Social Media
On the basis of type Global Cycle Tourism Market is divided into solo, friends, group, couple and family. Solo segment dominated the Type segment and was worth of USD 155.78 Billion in 2020 and it is expected to reach USD 344.54 Billion in 2026.
On the basis of Age group Global Cycle Tourism Market is divided into s 18–30 Years, Above 30 and Above 50. Above 30 segment dominated the Type segment and was worth of USD 170.82 Billion in 2020 and it is expected to reach USD 373.07 Billion in 2026.
The channel of sale segment includes Direct Company Website, Travel Agents and Social Media. Travel Agents segment dominated the Application segment and was worth of USD 134.28 Billion in 2020 and it is expected to reach USD 293.83 Billion in 2026.
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Market Trends in Recent Years
E-bikes
Electric bicycles, or e-bikes, assist cyclist with a small rechargeable batteries.
E-bikes are predominantly fit for holidays, as they facilitate people who do not share the same level of fitness to enjoy cycling activities together. It enables easy longer distance per daytrip, and navigates routes with uphill sections more easily. This makes a broader range of destinations available to a wider range of cyclists, including senior cycling tourists.
Increased customization
Widely cycling tourists all the time more demand customized cycling journeys instead of unvarying programs. This trend applies especially to more proficient cyclists and more mature tourism source markets in northern and Western Europe. These cyclists like their holidays to be tailored to their own wishes and requirements, such as their special interests, fitness level, group size, schedule and/or budget.
Family or multi-generational trips
Family-friendly trips are in great demand among adventure travellers, including cycling travellers. A popular type of family holiday is multi-generational travel, where grandparents, parents and children travel together. Many seniors see travel as an excellent way to create unforgettable memories with their children and grandchildren. E-bikes make cycling holidays especially suitable for family travel.
Cycling experiences as an add-on
Cycling tourism experiences are increasingly added as part of a holiday programme. Travellers like to combine cycling with other (adventurous) activities, wellness experiences or cultural holidays. River cruises for example, take along bicycles to offer passengers the chance to explore the shores. Bicycle trips are also increasingly added to city trips as one-day excursions, or longer.
Connecting travelers and millennials through social media pages and groups
Travel agencies have been promoting their adventure tourism via many platforms like direct selling, advertisement, coupons, and included packages in other deals. But the trending cycling tourism market has come from social media users because of the vlogs the social media influencers upload on YouTube, Facebook, Instagram, and other social media sites. The millennials are attracted more towards adventure tourism by seeing the fun and excitement involved in the video. In addition, many social media pages for cycling tourism gather interested people forms group and book plans for the interested riders.
Recent Developments in Global Cycle Tourism Market
Fitness and Nutrition Companies to Combine in $3 Billion SPAC Merger
Beachbody will combine in a three-way merger with blank-check company Forest Road Acquisition Corp. and Myx Fitness, which makes connected bicycles
ECF and Eco-Counter join forces to communicate EuroVelo data
The European Cyclists’ Federation (ECF) and Eco-Counter have signed the first ever Memorandum of Understanding (MoU) between the two organisations. The agreement will see the two work together closely in collecting, analysing and communicating data related to the EuroVelo network on the European level.
Adventure tour operator Exodus Travels has acquired its sister company, self-guided holiday specialist Headwater Holidays
Announcing the purchase, Exodus issued a statement noting “huge potential for growth within the self-guided market” that the deal represented. Founded in 1985, Headwater Holidays operates self-guided trips, predominantly to European destinations. Itineraries are for all levels of fitness, with walking, cycling, winter cross-country skiing and activity holidays available. Both Exodus Travels and Headwater are Association of Touring and Adventure Suppliers (ATAS) members and part of the Travelopia group, the collection of specialist travel brands once owned by travel industry giant TUI, which sold the group in February of last year to KKR (Kohlberg Kravis Roberts & Co L.P.) a New York City-based private equity firm.
Industry veteran Tony Karklins and partner buy Time Sport from Rossignol
The Rossignol Group has sold Time Sport's frame and bike business to the Cardinal Cycling Group, whose partners include French engineer Martial Trigeaud and American Tony Karklins, who is the founder of Allied Cycle Works and the former managing director of Orbea USA.
Pocket Outdoor Media acquires Rock and Ice, Trail Runner, and Gym Climber
Pocket Outdoor Media — the owner of BRAIN, VeloNews, Triathlete, VeloPress, VeloSwap, and Rol Massif in the cycling world — is expanding its portfolio to acquire Rock and Ice, Trail Runner, and Gym Climber magazines, all formerly produced by Big Stone Publishing.
Trek buys Mike Olson's retail empire, with stores in California, Oregon and New Mexico
Trek has agreed to buy at least a dozen of Mike Olson's bike shops, including the six Trek Bicycle Superstore locations in the San Diego area and in Albuquerque, New Mexico, one Nytro Multisport store in Encinitas, California, and the six-store Bike Gallery chain in the Portland area.
Report Coverage
- An overview of the Global Cycle Tourism Market
- In depth analysis of market dynamics and major factors such as drivers, restraints, opportunities and trends influencing the global market
- Global Cycle Tourism Market revenue data historic and forecast analysis (2016 to 2026)
- Characterization and quantification of the market segments for Cycle Tourism Market
- Market share analysis of key market participants and their competitive landscape
Important Questions Answered by Global Cycle Tourism Market Report
- What is the impact of COVID 19 epidemic on the Global Cycle Tourism Market?
- Which is mostly affected region, country?
- Which is the current largest and fastest-growing region?
- What is the market size and growth rate of the Global Cycle Tourism Market?
- What are current factors affecting the growth of market?
- What are Key trends and opportunity areas?
- Within Cycle Tourism Market, which segments are fastest growing & emerging strongly? What are the drivers and restraints for each segment? What are vendor competencies by segment?
- What are the major strategies adopted by leading market companies?
- What are company challenges and essential success factors by market segment?
- How company offerings and supply chain capabilities are shifting to meet emerging market needs?
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