Market Dynamics:

One of the key drivers for the high growth of the cycle tourism market is the increasing interest from health-conscious travelers. More individuals are consciously seeking adventure activities like cycling tourism that allows them to stay active on vacation while exploring new destinations. Cycling offers multiple health benefits such as reduced risk of cardiovascular diseases, improved heart health, strengthened muscles and bones. Several destinations are promoting cycling-friendly infrastructure and dedicated trails to attract enthusiasts from around the world. Additionally, the shorter travel time has made cycle tourism appealing for shorter weekend gateway trips compared to car rides. The growing working population prefers active holidays instead of lounging to unwind from work, driving the demand for cycling experiences organized by tour operators. This has prompted more private and public investments towards developing comprehensive cycling networks.

Key Takeaways

The Global Cycle Tourism Market Size is expected to witness high growth over the forecast period supported by rising health consciousness. The market size is projected to reach US$ 127.82 Billion by 2023 from US$ 56.12 Billion in 2018, rising at a CAGR of 9.5% during 2023-2030.

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