According to a study conducted in Europe, cycling generates global benefits worth €150 billion annually.
Forget cruise lines and five-star hotels—cycle tourism is where the real money is. In the EU alone, cycle tourism is a booming sector, valued at an impressive €44 billion.
Cargo bikes could replace up to 25% of commercial deliveries and 77% of private logistics trips in urban areas.
Those who cycle to shop contribute to a total consumption volume of €111 billion in the EU.
The value of the bicycle market in Europe was €13.2 billion in 2016, and it’s expected to grow at an annual rate of 5.5% until 2022.
LEARN MORE ABOUT THE AMAZING HEALTH BENEFITS OF CYCLING!