Retail in Asia

In Sectors

More Thais turn to two wheels to boost bicycle sales

Thailand’s bicycle market remains on course to grow, albeit at a slower pace, with demand spurred by myriad cycling events.

Sakchai Pattarapreechakul, president of NCC Management & Development Co, said the market value of bicycles and accessories in Thailand was expected to grow by 10 percent this year to THB6.5 billion (USD177.6 million), with accessories representing 20 percent.

The number of Thai cyclists is expected to surge from 2.7 million in 2014 to 3.2 million this year.

(Source: Bangkok Post)