And bicycle manufacturing in the United States is also fading fast.
Husqvarna's Novo hub competed well with imports, but bicycle manufacturing was discontinued in the early 1960s.
The Gräf brothers started a bicycle service workshop in Vienna in 1893, quickly branching out into bicycle manufacturing.
His father, Adam Opel, founded the Opel firm as a manufacturer of sewing machines, then expanded into bicycle manufacturing.
They were both keen on bicycle manufacturing.
Portland is also the hub of American bicycle manufacturing; as a whole it generated over $68 million in revenue in 2007 alone.
The gross cycling contribution of £2.9bn for the economy takes into account factors such as bicycle manufacturing, cycle and accessory retail and cycle-related employment.
Ludhiana is Asia's largest hub for bicycle manufacturing and produces more than 50% of India's bicycle consumption of more than 10 million each year.
Another area of industry where Connecticut excelled was in bicycle manufacturing, and its spin-off, the earliest automobile manufacturing.
Since 1890 the bicycle manufacturing and trading company of August Stukebrok developed into the largest mail order business in Germany.