Young Brunette Girl Reveals In The Forest With A Bicycle

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)
• Manufacturing
The global bicycle market is $61 billion in 2011. 130 million bicycles are sold every year globally and 66% of them are made in China.