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Posted in Sports
According to an article written on bikeradar.com, the bicycling area of sporting goods is now the largest sporting goods market in the world in terms of revenue. This fact comes to us from a survey by a multinational market research company, NPD Group. Worldwide sales last year totaled nearly $46 billion, an increase of four percent from 2010. Cycling accounted for 15% of all sporting goods revenue. This includes all things having to do with cycling– bikes, parts, accessories, rental, maintenance, and clothing. Not only is this an incredible finding for those already doing business within the cycling industry, but in places where sales are high, there are many positive factors associated with an increase in cycling. It’s a form of exercise, transportation, and recreation. It lessens destructive exhaust fumes being put into the air, and it leads to an overall more healthful society.
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Posted in Business, Sports