Consumer spend in U.S. bike market flattens, but remains strong
May 18, 2022
Data released by the Bureau of Economic Analysis has revealed the U.S. bike market to be experiencing a post spike lull in spending on bicycle goods, though interest remains above pre-pandemic levels.
The inflation-adjusted data put American expenditure on bicycles and accessories in 2020 at $7 billion, up by a healthy slice on the prior year’s $6.1 billion. The peak came in 2021, when total spend in the U.S. bike market nearly hit $8 billion with a particularly strong spell in Q2 of 2021. Cycling Industry