The Bicycle Trip Global Market Report 2023 by The Business Research Company, provides bicycle trip market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-yearforecast period – 2023-2032.

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According to The Business Research Company’s Bicycle Trip Global Market Report 2023, the market size is expected to grow from $1.01 billion in 2022 to $1.16 billion in 2023 at a compound annual growth rate (CAGR) of 15.12%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global bicycle trip market size is expected to grow to $2.02 billion in 2027 at a CAGR of 14.77%.

Increasing adventure tourism is driving the bicycle trip market forward. Adventure tourism refers to the movement of people from one place to another for the purpose of exploring new cultures and trying adventurous sports. Cycling tourism is a type of adventure tourism.

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The bicycle trip market is segmented:

1) By Type: Multi-Day Bicycle Trips, Overnight Bike Trips, Long-Distance Bicycle Trips

2) By Age Group: 18-30 Years, 31-50 Years, Above 50 Years

3) By Application: Solo, Group

Top Major Players:
SpiceRoads Cycling
Epic Road Rides
Explore Worldwide Ltd.
Intrepid Group Pty Limited
Bicycle Adventures

Europe was the largest region in the global bicycle trip market in 2022.

Product innovations are a key trend gaining popularity in the bicycle trip market. Major companies operating in the bicycle trip market are introducing innovative products such as Brompton foldable bicycles to sustain their position in the market. For instance, in February 2022, Brompton, a UK-based manufacturer of foldable bikes, introduced its lightest-ever lineup of foldable bikes. The new products launched included an innovative T-line, which includes a superlight 16.4-pound titanium bike, and a P-line, a superlight steel foldable bike. Other product lines launched included the C-line, which is a line of electric bikes, and the A-line, which is a line of entry-level foldable bikes.

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The bicycle trip market report table of contents includes:

1. Executive Summary
2. Bicycle Trip Market Characteristics
3. Bicycle Trip Market Trends And Strategies
4. Bicycle Trip Market - Macro Economic Scenario
5. Bicycle Trip Market Size And Growth
…………………………………………………………………..
26. Africa Bicycle Trip Market
27. Bicycle Trip Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Bicycle Trip Market
29. Bicycle Trip Market Future Outlook and Potential Analysis
30. Appendix

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