Cycling: Inc Impact of COVID-19 - UK - April 2020
US $2,463.03 (Excl.Tax)Excl. Tax Buy Now
“The COVID-19 crisis and its economic impact have ushered in a period of unprecedented volatility in the cycling market. The crisis has provided a boost to demand in the immediate term, but bike sales are likely to contract as an anticipated deep recession bites. The likely repercussions of COVID-19 on cycling participation are complex.The UK lockdown is disrupting patterns of behaviour, resulting in lower levels of weekday cycle commuting overall, but a spike in weekend leisure riding. Release from lockdown and a return to the workplace will trigger a further shift from crowded public transport to bikes. Once spending recovers from the impact of recession, the long-term market potential is strong. Cycling is uniquely placed to benefit from growing health & wellness and environmental trends – both of which may be boosted by the COVID-19 crisis - and a broader urban mobility revolution which includes e-bikes and e-scooters.”
– John Worthington, Senior Analyst
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