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Bangladesh manufacturers riding on lower labor costs at home and growing demand for bicycles internationally have become the third largest exporter of the item in the world.
The domestic market of bicycles is also looking up following the rise in demand for the same, particularly among young population, industry insiders said.
The bicycle industry has experienced tremendous growth in the recent years. This expansion can be traced to two factors. Firstly, bicycles provide a quick and easy way around the unbearable traffic jam in major cities. Secondly, the rise of some community groups, like BDCyclists, has specially contributed to transforming riding a bicycle into a trend.
Besides, the concern for the environment is forcing less-polluting measures and bicycling as a mode of alternate transport is fast emerging as a popular option. The need for greater fitness is creating a movement towards cycling as a regular means of keeping fit.
It might not be apparent initially, but a cycling revolution is quietly underway in Dhaka and other major cities in the country for the past couple of years. This new revolution is turning out to be good for business, driving the creation of a new supply chain for bicycles and accessories as more commuters take to two wheels. The market has seen an upward trend in customers due to an increased interest in leisure cycling like weekend biking and mountain biking. The Bangladeshi customers are now aware of developments in the international cycle industry and are demanding bicycles with world class features and accessories. It is a good time to start bicycle business in Bangladesh.
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