At a time when the rest of the economy seems to be slowing down, there’s one section of the economy which is racing ahead of the pack, the cycle industry. A study conducted by The Cycle Show has revealed some interesting figures…
Cyclist spending over £1,000 each year:
According to figures released by the Cycle Show, cyclists in London are spending more than ever on their bikes with an average spend of over £1,000 in the last financial year, nearly double the amount on the year before.
Andrew Brabazon, show director of Cycle Show which takes place at Earls Court this October said:
“Where other sectors of the economy are slowing down, the cycle trade has found an extra gear as people get on their bikes to work”
Boy’s toys drive the market:
Furthermore, it seems that the biggest spenders on cycling are men, with the figures revealing a gender gap in spending of over £250. Furthermore with accessories and clothing the leading items purchased it seems that perhaps, amongst cyclists at least, it’s time to re-evaluate the old stereotypes about men having an aversion to clothes shopping!
Source: Cycle2008
<>
Cycling Oils the wheels of the UK Economy
