Has COVID-19’s bicycle boom reached its peak?

Has COVID-19’s bicycle boom reached its peak?

With the collaboration of

Statista





18 May 2022







































When COVID-19 restrictions hit the United States in March 2020, millions of Americans rediscovered bicycles in the face of gym and public transportation closures.

Consumer spending on bicycles and accessories peaked at $8.3 billion in 2021, adjusted figures from the US Bureau of Economic Analysis show.

As restrictions began to lift in Q3 2021, bicycle spending started to decrease, whilst still remaining higher than pre-pandemic levels.



When the Covid-19 pandemic hit the United States in March 2020, forcing gyms to shutter and public transportation to suspend operation, millions of Americans re-discovered bicycles as a safe, socially-distanced form of physical exercise and transportation. The bike boom hit retailers unprepared, causing new bicycles to become a scarce commodity, exacerbated by the fact that global bicycle supply was also constrained due to Covid-19.

According to inflation-adjusted figures published by the U.S. Bureau of Economic Analysis, Americans spent $7.0 billion on bicycles and accessories in 2020, up from $6.1 billion the year before. The trend