Bicycle industry
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- 4 chapters
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Through Industry (economics), Bicycle and Cycling
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.
In 2016 in the United States it generated $6 billion of revenue, and in Europe it generated €14 billon in revenues.
Manufacturing
Bicycle manufacturers
Bicycle component manufacturers
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Distribution
Bicycle and component distributors
- Bicycle Technologies International
- Quality Bicycle Products
- J&B Importers
Local bicycle and component retailers
A bike shop or bicycle shop is a business specializing in bicycle sale, maintenance and parts.
Bike shops may be small businesses, chain, mail-order or online vendors. Local bike shops (sometimes abbreviated LBS) are a key component of the bicycle industry and, in recognition of the value that local bike shops provide, some manufacturers only sell their bicycles through dealerships. In the UK and Ireland, the expression independent bicycle dealers (IBDs) is also used.
Services and events
Touring
Racing
Trade
- Interbike
- Frostbike
- Eurobike
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%. 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.
World Bicycle Relief, which specializes in large-scale, comprehensive bicycle distribution programs to aid poverty relief and disaster recovery initiatives in developing countries around the world, includes among its sponsors such notable companies as Accell Group, Bicycle Technologies International, Giant Bicycles, GT Bicycles, Quality Bicycle Products, Shimano, SRAM Corporation, Specialized Bicycle Components, and Trek Bicycle Corporation.