Bike Industry Imports Slumped in 2022; Still Hold 97% of U.S. Market
Imports take 97% of the US bicycle market. China dominates but Cambodia, Vietnam shares grow as tariffs bite.
Imports take 97% of the US bicycle market. China dominates but Cambodia, Vietnam shares grow as tariffs bite.
The United States bike industry is in the midst of an unprecedented boom, triggered by the COVID pandemic. Bike sales rose sharply in the spring of 2020, as gyms, yoga studios and other exercise centers shut down and Americans sought outdoor activities like biking, a relatively safe form of exercise. In 2021, the sales surge…