Bicycle and Components; Seen A Sharp Increase in Sales Due To the Outbreak COVID-19
In recent times, there has been an increase in the demand for bicycle and components around the world due to the increasing use of bicycles as part of fitness activities and a growing number of health conscious consumers, especially during the COVID-19 (global pandemic). Moreover, the observed increase in cycling (worldwide) is being encouraged as a safe and healthy form of outdoor recreation during the pandemic. Both cycling and walking have increased during the pandemic as people travel and socially distance, suggesting that these activities are already becoming a more common element of daily life. For example, according to the UK Bicycle Association, bicycle sales increased by 63% year-on-year, between April and June 2020. Cycling is both a popular way to commute as well as a recreational activity. Moreover, according to the German Bicycle Industry Association (ZIV), the sales of bicycle and components in Germany increased by 16.9 percent in 2020 compared to the year before...