Bicycle industry
The bicycle industry or cycling industry can broadly be defined as the
The Global Bicycle Industry generates sales for over $45 billion in 2017 and is forecasted, according to analyst consensus, at 6-0% per annum over the next 5 years.[1]
In 2016 in the United States it generated $6 billion of revenue,[2] and in Europe it generated €14 billon in revenues.[1]
Manufacturing
Bicycle manufacturers
Bicycle component manufacturers
Distribution
Bicycle and component distributors
Local bicycle and component retailers
Services and events
Touring
Racing
Trade
Advocacy
Besides advocating for greater safety, comfort, and convenience for bicyclists, many members of the industry promote bicycles for poverty alleviation. Experiments done in Africa (Uganda and Tanzania) and Sri Lanka on hundreds of households have shown that a bicycle can increase the income of a poor family by as much as 35%.[5][6][7] Transport, if analyzed for the cost-benefit analysis for rural poverty alleviation, has given one of the best returns in this regard. For example, road investments in India were a staggering 3-10 times more effective than almost all other investments and subsidies in rural economy in the decade of the 1990s. What a road does at a macro level to increase transport, the bicycle supports at the micro level. The bicycle, in that sense, can be one of the best means to eradicate poverty in poor nations.
Publications
Notable publications about bicycles and cycling include:
See also
- French bicycle industry
- List of bicycle manufacturers
- List of bicycle part manufacturers
- Local bike shop
References
- ^ a b "Cycling Sales to Grow by 38% to 56 Billion euros in 2024". Bike Europe.
- ^ "Topic: Cycling". Statista.
- ^ "Sheldon Brown's Glossary: LBS". Retrieved 2001-01-21.
- ^ "Welcome to the ACT website". Archived from the original on 2006-12-05. Retrieved 2007-01-15.
- ^ "Bicycle: The Unnoticed Potential". BicyclePotential.org. 2009. Archived from the original on 25 June 2011. Retrieved 2011-07-09.
- . Retrieved 2011-07-09.
- ^ "Project Tsunami Report Confirms The Power of Bicycle" (PDF). World Bicycle Relief. Archived from the original (PDF) on 2010-12-26. Retrieved 2011-07-09.
External links
- Bicycle trade news US point of view
- Bicycle trade news UK point of view