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
Trek Bicycle Corporation American team riding an American made bicycle. Armstrong went on to win a record-setting seven-consecutive Tours de France, all of them aboard Trek bicycles. He did at some points ride a Litespeed bike, painted and badged as a Trek. In 2012, all of Armstrong's Tour victories were rescinded after Armstrong was found to have violated anti-doping regulations. In 1998, Trek established its Advanced Concepts Group (ACG), a collection of engineers and technicians dedicated to technologies development. The leading edge of Trek's design and engineering efforts, ACG is perhaps best known for a number of products introduced and used by Lance