People could not exercise due to the closure of gym, park etc. in the lockdown. To maintain their fitness, people have now started buying bicycles, which has led to a boom in bicycle sales. Due to this boom, there may be a shortage of bicycles around the world.
Cycle sales have skyrocketed decades later due to the Coronavirus Pandemic. Due to Covid-19, people are taking bicycles to go to the office, and then some people have started using bicycles for their fitness. In the lockdown, people could not exercise due to the closure of the gym, park etc. To maintain their fitness, people have now started buying bicycles, which has led to a boom in bicycle sales. Due to this boom, there may be a shortage of bicycles around the world. Jay Townley, who analyzes the trend of cycling industry trends, said the US has seen the biggest jump in bicycle sales in the last two months since the oil crisis of the 1970s.
He said, people are very nervous and they are buying bikes like toilet paper. In the beginning of the epidemic, there was a competition to buy essential things like toilet paper and hand sanitizer. Now people are crowding to buy the same cycle.cen
Government is spending 60% on buying bicycles in Italy
In Italy, the government is paying 60% of the expenditure on buying bicycles up to $ 575. Bike shop owners in the Philippine capital say that demand is stronger than Christmas. Many countries are making new transport policies. This trend is echoed around the world, as better cities are known for car-clogged roads like Manila and Rome. To increase interest in cycling, we install bike lanes, while public transport remains closed. Municipal authorities in London plan to go ahead by banning cars from some central areas.
90% of US dependent on China for bicycles
Townley said that there has been some shortage due to the trend of cycling, which will take a few weeks, maybe months. Especially in the US which is dependent on China for 90% of its bicycles. Mass production was stopped due to the Corona virus and is now resuming.