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Posted in Sports
According to an article posted on bikeradar.com, the cycling area of sporting goods is now the dominant sporting goods market in the world in terms of money brought in each year. This fact comes to us from a survey by a multinational market research company, NPD Group. Worldwide sales in 2011 totaled nearly $46 billion, an increase of four percent from 2010. Cycling accounted for 15% of all sporting goods money earned. This means all things pertaining to cycling– bikes, parts, accessories, rental, tune ups, and apparel. Not only is this goodnews for those already doing business within the cycling industry, but in countries where revenue is flourishing, there are many fantastic factors associated with an increase in cycling. It’s a form of exercise, transportation, and recreation. It reduces harmful exhaust fumes being put into the air, and it leads to an overall healthier society.
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Posted in Business, Sports