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
Specialized Bicycle Components ASI and the Canadian shop owner was resolved in December 2013, and Specialized vowed to be more cautious in its pursuit of trademark violators going forward. In 2014, Specialized forced bicycle builder Neil Pryde to change the name of their Alize bike model. Many riders in recent years have used Specialized bicycles in the North American and European professional cycling circuits. In 2016, the professional road teams sponsored by Specialized are Etixx–Quick-Step, Astana Pro Team, Tinkoff, Boels–Dolmans and Axeon–Hagens Berman. Mountain bike riders sponsored by Specialized include the downhill world champion Loïc Bruni, who rides for the Specialized Gravity Team,