The Most Popular Model of Bicycle

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The most popular model of bicycle, and most popular model of vehicle of any kind, in the world is the Chinese Flying Pigeon, with some 500 million in service. Bicycles were introduced in the 19th century in Europe and now number more than a billion worldwide, twice as many as automobiles. They are the principal means of transportation in many regions. They also provide a popular form of recreation, and have been adapted for such uses as children's toys, general fitness, military and police applications, courier services and bicycle racing. US market: That aside, it goes on to report that 95% use their bikes for health and leisure purposes, and the rest use it for transportation purposes. That means 5% use their bikes for commuting. Asia-Pacific it is used primarily for commuting Further, it states that Asia-Pacific region is the largest bicycle market worldwide in 2007, with a 47% share. Interestingly, the report notes that China and India are both moving toward “automobile-centered transportation systems.” All You Wanted to Know About the Bicycle Industry in India India produces approximately 10% of the world annual bicycle production, which is estimated at 125 Million units. The annual domestic demand of bicycles in India is approximately 10 million units out of which around 2.5 million units is a government demand for the various welfare schemes. Exports out of India are largely to Africa and the less developed economies and negligible to western markets. Major players in the domestic bicycle industry are Hero Cycles, TI, Avon & Atlas with 40%, 22% & 17% & 10% of share of volume respectively. Most cycles manufactured & sold in India are in the low price bracket of Rs. 2,500 to 3000. The market for the premium or the lifestyle bikes targeted towards the lifestyle consumer is just about emerging. The definition of high end bikes it self

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