Covid Breakout trend: Bicycles sell like hotcakes

Sales of bicycles on Carousell, one of the world’s largest and leading marketplaces, have been increasing since the fourth quarter of 2020, with the trend sustaining in the first two months of 2021. A total of 63,345 transactions were made in Hong Kong, Malaysia and Singapore.

As the COVID-19 pandemic spread across the globe in 2020, demand for fitness items started to spike in March 2020, and hit a new peak in August 2020. Demand for bicycles followed suit and also broke out as the new trend regionally. Average monthly transactions also grew by about 44% in the second half of 2020 compared to the first half, with an average of over 6,000 sold each month. The trend continues to show promising growth for users intending to list unused bicycles or merchants wanting to ride on this trend.