Bicycle industry

The Global Bicycle Industry generates sales for over $45 billion in 2017 and is forecasted, according to analyst consensus, at 6-0% per annum over the next 5 years.

Besides advocating for greater safety, comfort, and convenience for bicyclists, many members of the industry promote bicycles for poverty alleviation.

Experiments done in Africa (Uganda and Tanzania) and Sri Lanka on hundreds of households have shown that a bicycle can increase the income of a poor family by as much as 35%.

[5][6][7] Transport, if analyzed for the cost-benefit analysis for rural poverty alleviation, has given one of the best returns in this regard.

The bicycle, in that sense, can be one of the best means to eradicate poverty in poor nations.