How big is the bicycle industry?

How big is the bicycle market?

By the latest valuation of the cycling industry (Source BAGB, 2018) our industry is worth £5.4 billion to the UK and is one of few growth industries in the context of the Covid-19 outbreak. The same dataset showed the industry to be in some from responsible for 64,000 jobs.

How big is the bicycle industry in the US?

The Bicycles market in the U.S. is estimated at US$9.5 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$16.5 Billion by the year 2026 trailing a CAGR of 7.7% over the analysis period.

How much is the bike industry worth?

The global cycling market will grow to $44.4 billion from 2018 to 2022, according to figures revealed by Research and Markets.

How many cyclists are in the world?

According to information obtained by Agency Press from data, it turned out that there are approximately 1 billion bicycles in the world. While the exact figure is not given, many of the bicycles (450 million) were found to be in China.

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How big is the used bike market?

(BRAIN) – The used bike market is a $2.4 billion business in the U.S., with 7.5 million owners, according to a new study by Gluskin Townley Group, LLC.

How many bikes are sold every year?

Overall, industry sales of bicycles seem to be stable at around 15 to 20 million bicycle units annually, plus parts, accessories and service, which historically is a very healthy number for the industry.

How many bike shops are in the United States?

To end the suspense, Georger’s list of shops includes more than 7,000 bicycle retailers in the U.S. — that’s nearly twice the number some sources have quoted in recent years.

How big is the cycling industry in the UK?

The Sports Marketing Surveys powered BA sales data suggests that the UK cycling market has grown its economic worth, reaching £2.31 billion in 2020, up 45% on the Covid ‘boom’. Mechanical bikes accounted for 45% of total market value, reaching an estimated £1,030 million.

How much is the mountain biking industry worth?

Mountain bike sales in the US were valued at $1,464,000,000. As of 2021 364,000 bicycles are produced daily. These statistics mean that 15,000 bikes are produced an hour.