Blonde Girl With Pigtails On The Road With A Bicycle And Umbrella

In general, U.S. and European cycle manufacturers used to assemble cycles from their own frames and components made by other companies, although very large companies (such as Raleigh) used to make almost every part of a bicycle (including bottom brackets, axles, etc.) In recent years, those bicycle makers have greatly changed their methods of production. Now, almost none of them produce their own frames.
Many newer or smaller companies only design and market their products; the actual production is done by Asian companies. For example, some 60% of the world's bicycles are now being made in China. Despite this shift in production, as nations such as China and India become more wealthy, their own use of bicycles has declined due to the increasing affordability of cars and motorcycles. One of the major reasons for the proliferation of Chinese-made bicycles in foreign markets is the lower cost of labor in China.
One of the profound economic implications of bicycle use is that it liberates the user from oil consumption (Ballantine, 1972). The bicycle is an inexpensive, fast, healthy and environmentally friendly mode of transport (Illich, 1974)