Machine Design

“Just One Word, Son . . . Bicycles.”

With projected annual growth of about 5.3% for the 2001-2010 period, the world bicycles market could surpass $61 billion by 2010, according to a report by Global Industry Analysts Inc.

Asia-Pacific, with a 47% market share last year, forms the largest market. The region is also expected to record annual growth of 6.3% during the same decade.

Adult bicycles account for about 44% of the total. And the sports bikes market is forecast to grow by 6.15% annually from 2001-2010. Mountain bikes and all-terrain bicycles make up two thirds of total sales.

Global Industry Analysts Inc. publishes off-the-shelf market research.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish