🚀 The Belgian cycling economy is booming!
📈 Valued at nearly €1 billion in 2022, it has seen an impressive growth of almost 90% over the past 8 years! This boom has also led to the creation of over 17,400 jobs, a significant increase from fewer than 10,000 in 2019. The Covid-19 crisis in 2020 stimulated growth in the two-wheeler sector.
🚲 The sectors impacted are diverse, including bicycle production and sales, cyclo-logistics, leasing, shared bikes, cycle tourism, infrastructure, insurance, and more.
📝 These insights come from a study by Transport & Mobility Leuven, commissioned by the SPF Mobilité et Transports, and reported in L'Echo. The study evaluates the employment and net added value generated by all economic activities involving two-wheelers.
🙌 The cycling economy presents substantial growth potential, and we’re excited to be part of this journey!
Connecting the cost savings to the investment. Great job!