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This question is about bicycle industry statistics.
What trends are currently affecting the bicycle industry?
Several trends are affecting the bicycle industry. This includes technology that has lowered the cost of entry as well as added convenient accessories to the bicycle community. For example, thanks in part to technological improvements, consumers are better able to find a bike that fits their needs for relatively low costs.
Other trends that are affecting the bicycle industry include the rise of urbanization, which has placed commuters in environments that make bicycling the most practical option of travel. Rising gasoline prices, as well as greater consumer awareness of green living, are also affecting the bicycling industry.
More consumers are looking to reduce their bills and carbon footprint, and bicycling provides an answer to both questions.
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