Bicycle industry Bicycle industry The Bicycle Industry or Cycling Industry can broadly be defined as the industry concerned with bicycles and cycling. It includes at least bicycle manufacturers, part or component manufacturers, and accessory manufacturers. It can also include distributors, retailers, bicycle organizations, bicycle event promoters, and bicycle related service providers. The Global Bicycle Industry generales sales for over $45 bn in 2017 and is forecasted, according to analist consensus, at 6-0% p.a. over the next 5yr In 2016 in the United States, it generated $6 billion of revenue and in Europe, it generated €14 bn in revenues. Besides advocating for greater
Butterfly Trek Madone Butterfly Trek Madone The Butterfly Trek Madone, an artwork utilizing a bicycle by Damien Hirst, became the world's most expensive bicycle when it was bought at auction for $500,000. It was designed by Hirst, who used real butterfly wings that were placed onto the actual frame and rims of the bicycle. The bike had been ridden by Lance Armstrong in the 2009 Tour de France. The "Butterfly Trek Madone" currently holds the title of the most expensive bike sold in the world. The second most expensive bike ever sold was the Trek Yoshitomo Nara Speed Concept that was sold for