South Korea Bicycle Trip Market Size, Share, and COVID-19 Impact Analysis, By Type (Solo, Group, Couple, and Family), By Tour Type (Single Day and Multi Day), By Age Group (31-50 Years,18-30 Years, and Above 50 Years), and South Korea Bicycle Trip Market, Industry Trend, Forecasts to 2035

South Korea Bicycle Trip Market Insights Forecasts to 2035

• The South Korea Bicycle Trip Market Size Was Estimated at USD 72.2 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 15.73% from 2025 to 2035
• The South Korea Bicycle Trip Market Size is Expected to Reach USD 360.0 Million by 2035

According to a research report published by Spherical Insights & Consulting, The South Korea Bicycle Trip Market Size is anticipated to reach USD 360.0 Million by 2035, growing at a CAGR of 15.73% from 2025 to 2035. The adventure and tourist industry has experienced rapid growth in recent years and is expected to continue to expand.

Market Overview

The bicycle trip market refers to the industry centered around travel and tourism using bicycles for recreation, commuting, or adventure. It includes guided tours, self-planned cycling vacations, and bike rentals. Key benefits include eco-friendly transportation, health and wellness promotion, cost-effectiveness, and the ability to explore destinations more intimately. Opportunities arise from rising environmental awareness, growing interest in sustainable tourism, and expanding cycling infrastructure. Technological advancements like e-bikes and GPS-enabled routes also enhance the experience. Governments worldwide support this market through initiatives such as building dedicated cycling lanes, funding tourism campaigns, offering bike-sharing programs, and promoting green travel. These efforts aim to reduce carbon emissions, encourage healthy lifestyles, and boost local tourism and economic development through sustainable travel options.

Report Coverage

This research report categorizes the market for South Korea bicycle trip market based on various segments and regions forecasts revenue growth, and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea bicycle trip market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment South Korea bicycle trip market.

Driving Factors

The increasing environmental awareness and the global push for sustainable transportation. Growing health consciousness encourages consumers to choose cycling for fitness and recreation. Expansion of cycling infrastructure, such as dedicated bike lanes and trails, enhances safety and accessibility. Technological advancements, including electric bikes, make cycling easier and more appealing to a broader audience.

Restraining Factors

High costs of bicycle equipment and maintenance can make cycling less accessible, particularly in resource-constrained regions. Additionally, the lack of standardized infrastructure across destinations can lead to inconsistent experiences for cyclists. Safety concerns, such as traffic accidents and theft, can deter potential cyclists from participating in tours. Seasonal weather conditions may limit the feasibility of cycling trips in certain areas, affecting year-round demand.

Market Segmentation

The South Korea bicycle trip market share is classified into type, tour type, and age group.

• The couple segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea bicycle trip market is segmented by type into solo, group, couple, and family. Among these, the couple segment held a significant share in 2024 and is expected to grow at a substantial CAGR during the forecast period. Couple vacations are very popular. Couples riding bicycles are the main application for double-seated bikes. Bicycles with two seats are common for sports, leisure travel, and outdoor excursions. Hand-crafted honeymoon packages for couples include value-added features like decorated bicycles, meals included in the package, customizing experiences per request, and more.

• The single day segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea bicycle trip market is segmented by tour type into single day and multi day. Among these, the single day segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. One-day cycling tours, which arrange one-day cycling excursions to neighboring locations from the city centers, are very common in urban regions. Other kinds of one-day excursions include nighttime tours, heritage cycle rides, nature cycle rides, and so forth.

• The 31-50 years segment dominated a share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea bicycle trip market is segmented by age group into 31-50 years, 18-30 years, and above 50 years. Among these, the 31-50 years segment dominated a share in 2024 and is expected to grow at a significant CAGR during the forecast period. The ages of 31 and 50 had the most disposable income. Compared to other age groups, this one has a greater spending potential. Furthermore, the rising prevalence of lifestyle problems like obesity, diabetes, and others, this age group is becoming more conscious of fitness and leading a healthy lifestyle.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea bicycle trip market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Taekwang Industrial
• KBMP Co., Ltd. (Bio Polymer Co.)
• Samsung Fine Chemicals
• HNB Bio Co., Ltd.
• BISON Medical (Seoul)
• Laseroptek
• ASTERA Systems (Asterasys)
• Lutronic Vision
• KCC Corporation
• Hyosung Chemical
• Lotte Chemical Corporation
• Lotte Fine Chemical
• Kolon Industries
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea bicycle trip market based on the below-mentioned segments:

South Korea Bicycle Trip Market, By Type

• Solo
• Group
• Couple
• Family

South Korea Bicycle Trip Market, By Tour Type

• Single Day
• Multi Day

South Korea Bicycle Trip Market, By Age Group

• 31-50 Years
• 18-30 Years
• Above 50 Years