1. Cycling And Australia
Economy

2. Cycling has been a major part of the
Aussie Lifestyle and one of the few
positive effects of the COVID epidemic
as well. There has been a sharp rise in
bicycle ridership. Over the past 18
months, a large number of Australians
have resorted to cycling for both their
fitness and social needs as gyms,
swimming pools, and other health
facilities have been frequently closed.

3. First off, cycling has produced employment possibilities in a number of sectors,
including retail, maintenance, and bike manufacturing. According to the
Australian Bureau of Statistics, the cycling business in Australia employs more
than 20,000 people and brings in more than $2 billion annually. This sector also
includes bike-sharing programs, which offer an affordable and environmentally
friendly mode of transportation in urban areas and have generated new
employment possibilities in the management and maintenance of bicycles.
The study, which was published today, claims that Australia’s economy
benefited from cycling to the tune of $6.3 billion in 2020. According to this
statistic, “economic activity directly produced by bike riders, organisations,
municipal and state governments provision of infrastructure to events, research,
sport, and recreational cycling” is included.

4. Australia Economy

5. The “direct value increase” of cycling to Australia’s GDP was calculated to be
$3.4 billion.
The study, which was published today, claims that in 2020 cycling helped the
Australian economy in the amount of $6.3 billion. This statistic takes into
account that economic activity is directly produced by bicycle riders,
organisations, and local and state governments’ supply of infrastructure to
events, research, and sport and recreational cycling.
Meanwhile, it was calculated that cycling contributed $3.4 billion in “direct value
increase” to Australia’s GDP. That is equal to or greater than the contribution
made by the Australian business and more than three times the contribution
made by the Australian motorsport industry.

7. Key findings are as follows:
● Governments invested more than $428 million in cycling-related initiatives and
infrastructure.
● There were 60,330 direct and indirect jobs supported nationwide by a total of $16.8
billion in direct and indirect economic contributions.
● 5.8 million (29%) of adult Australians spent money on products and services linked to
cycling.
● Australians rode at least once a week and spent money on it—3.3 million people.
● All cyclists who made purchases paid an average of $990 each.
● The bulk of buyers had annual household incomes between $50,000 and $150,000.
● Children’s bicycles made up 28% of all bicycle purchases.
● In 2020, 1.7 million bikes valued at $1.5 billion were bought.
● Cycle tourism contributed $1.168 billion to the immediate economic output.
● While 82% of those questioned said they rode their bikes for fitness and exercise, 41%
said they rode their bikes for transportation, whether it be to work, school, or the store.

8. EY and We Ride point out that while the economic benefits of cycling were taken
into account for their study, there are other benefits as well.
It is acknowledged that the physical activity benefits of cycling participation support
wider health and well-being, and social and productivity benefits to the Australian
economy, even though this research concentrates on the economic contribution of the
industry. By easing traffic and offering a sustainable transportation choice, cycling as
a method of transportation can also help local communities.

9. Furthermore, it has been demonstrated that
cycling lowers healthcare costs by encouraging
physical exercise and lowering the prevalence
of chronic illnesses. Regular cycling can help
people manage their weight, reduce stress, and
improve their cardiovascular health, all of which
can result in reduced healthcare costs for both
the individual and the healthcare system.
Cycling also encourages mental health and
well-being, which is crucial in lowering the price
of treating mental diseases.

10. Additionally, cycling is good for the environment and for
everyone’s well-being. Cycling has a positive effect on public
health because it reduces air pollution, carbon emissions, and
traffic congestion. Cycling is a sustainable mode of
transportation that lowers the carbon footprint of people and
the economy as a whole. Lower air pollution has been related
to lower rates of cancer and respiratory disease.

11. The growing interest in environmentally
friendly transportation and the growing
knowledge of cycling’s health advantages
have both benefited the Australian cycling
business. We can anticipate more economic
benefits in the future as Australia’s cycling
sector continues to expand. To guarantee
the sustainability and expansion of the
industry, it is crucial for the government and
companies to keep funding cycling
infrastructure and promotion.