This Bicycle Tourism Industry Overview market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Bicycle Tourism Industry Overview market.
Bicycle tourism typically means independent cycle trips which are done for adventure and pleasure. Bicycle tourism entirely finishes the need of sports or exercise as cycling itself is a great source of exercise. Bicycle tourism can be either single or multi-day trips. In some cases bicycle tourism can extend to even months depending on the distance covered. Bicycle tours are generally planned either by participants themselves or organised by cycling clubs. Bicycle tourism is a delightful adventure irrespective of hitches like bad, dusty roads and lack of signposts throughout the journey. Till a few years back, the bicycle was assumed as a means of transportation for the poor, while the rich or aristocrats abandoned it for a car. However, since last few years, irrespective of financial status, many people are adopting cycling not only for transportation purposes but also for extended adventure tours.
Bicycle Tourism: Benefits
Market Growth Analysis
Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.
Bicycle tourism: Drivers and Restraints
One of the important factors that is driving the growth of bicycle tourism is increasing awareness about rising pollution across the globe. Increasing pollution levels is a matter of serious concern. Majority of air and noise pollution occur due to vehicles. More and more people are now voluntarily coming forward and using bicycles as their daily means of transportation and tourism through cycling is also a part of it. One of the latest trends in bicycle tourism is the rise in the system of bike share. This system enables users to pick up a bicycle from a docking station for a fee. Tourists find this system very convenient and inexpensive. Many new types of bicycles such as road bicycle, mountain bicycle, cruiser bicycle etc. are entering the market. Electric bicycles are increasingly being preferred by tourists for long tours. The usage of boat bicycles is also increasing, which is boosting the global bicycle tourism industry. Rising number of bicycle tourism events are also helping boost the growth in bicycle tourism. Cape Town Cycling Tour, Tour of Flanders Sportive, The Dragon Ride, Paris-Roubaix Challenge are some of the cycling events worldwide that have been very successful. Many more such events are conducted across the globe and this is creating robust development in the bicycling tourism sector. The major restraint in the bicycle tourism industry is that it is not easy. Bicycle tourism is not for the faint hearted.
Bicycle Tourism: Outlook
Increasing awareness among people about rising levels of pollution will increase the growth of the bicycle tourism sector. Rising traffic problems due to private vehicles such as cars and scooters will also encourage people to use bicycles for tourism.
Bicycle Tourism: Tour Operators
Backroads, EcoBike, Escape Adventures, DuVine Adventures and Butterfield and Robinson are some of the bicycle tour companies across the globe.
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The report offers a 360° view – bringing to the fore key drivers, restraints, opportunities, and challenges prevailing in the sector. To offer readers actionable insights, detailed information on historical trends, current scenario, and future projections is provided in the report.
The report specifically focusses on the leading companies operating in this sector, highlighting their key developmental strategies. A holistic analysis of the leading players is highlighted to help decision makers understand the overall competitive landscape.
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Frequently Asked Questions
What research methodology is used to develop the Bicycle Tourism Industry Overview report?
- FMI utilizes three branched methods to derive market measurements used to compile any report study (data derivation, triangulation and validation).
- These approaches include accumulating data from both primary and secondary sources
- Primary research involves interviews with industry operators and FMI's network of contacts spanning the world's value chain of the Bicycle Tourism Industry Overview. This is supported by a comprehensive literature analysis of information gathered through secondary sources
- Analysis of several middle market stakeholders for country-wise data
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In addition to up-to-date market figures and customized of the Bicycle Tourism Industry Overview, FMI offer consulting services to help businesses within industry navigate challenges and take well-informed decisions amidst the breakneck competition.
How do you define competitors based on market structure? What aspects about a competitor are included in the company profile section?
- Most of the competitors are segregated according to their market share in 'Tier' wise statures.
- Global market participants are scrutinized and global competition metrics are included with numerous competitor profiles referring to their business background and go-to market strategies.