Time:2020-06-12| Author:Admin
As people are encouraged to maintain social distance to prevent COVID-19, the two-wheel business has once again witnessed a sales boom around the world.
"If it's available, buy it," said a Texas-based bicycle shop owner in the US introducing his thriving business in a recent CNN Business report. "Bikes are like the new toilet paper," he said.
According to the market research company NPD Group, US adult leisure bike sales jumped 121 percent in March on a yearly basis, and children's bike sales (including those for bicycle motocross bikes) were up 56 percent compared to March 2019.
In addition, data from AliExpress, Alibaba's business-to-customer site selling to overseas markets, show bicycle sales in the Spanish market surged more than 22 times in May compared with the same period last year, and sales in Italy and the UK increased about four times, as reported in a Wednesday report by China News Service.
The surge in global orders has allowed new players to flood into China's bicycle market. The country witnessed over 50,000 related newcomers from January to May this year, up 41.08 percent year-on-year, as per business registration data reported by China News Service.
- from ChinaDaily.com.cn
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