Number of cycles in india

	A	E	H	J	K	L	M	N	O	P	Q
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2	ASSUMPTIONS		Estimate the Number of cycles in india
3	-Population of India is assumed to be 140 Cr.		Step 1. Dividing The Population of India into Urban-Rural
4	-Children will possess more cycles as compared to adults due to recreational and commute purposes.		Population Of India	140
5	- Adults who are eligible to drive and ride will possess a lower number of cycles due to their main purpose being fitness and commute to work.		Division On the Basis of Age	3-16	17-34	35-50	51-65+
6	- Richer classes have them mainly for fitness but as we go lower, the need for cycles as a mode of commute to and from from work becomes more apparent.		Population %	17.60%	34.10%	19.70%	28.60%
7	- Adults belonging to a higher age group and senior citizens also possess cycles mainly for fitness(for richer classes) and for commute (for lower classes).		Population (in crores)	24.64	47.74	27.58	40.04
8			Division On the Basis of Annual Income						Division On the Basis of Annual Income
9	STRUCTURE		<5 Lakh (52%)	12.81	24.82	14.34	20.82		<5 Lakh	52%
10	Total Population Of India		5-15 Lakh (28%)	6.90	13.37	7.72	11.21		5-15 Lakh	28%
11	X		>15 Lakh (20%)	4.93	9.55	5.52	8.01		>15 Lakh	20%
12	Division On The Basis Of Age		Step 2. Calculate The No. of People willing to or required to buy a cycle on the basis of age and income
13	X		Age/Economic Class	>15 Lakh	5-15 Lakh	<5 Lakh	Total
14	Division on The Basis OF Income		3-16	90%	50%	20%	10.45
15	X		Number(In Crores)	4.44	3.45	2.56	10.45		Cycle Type	Age Of Cycle
16	%Opting for Cycles from above division		17-34	40%	20%	20%	11.46		Road Bikes	10
17	X		Number(In Crores)	3.82	2.67	4.96	11.46		Mountain Bikes	8
18	Division based on Types Of Cyles required		35-50	20%	15%	20%	5.13		Cyclocross Bikes	8
19	=		Number(In Crores)	1.10	1.16	2.87	5.13		BMX Bikes	6
20	Total Cycles In India		51-65+	10%	5%	5%	2.40		Kids' Bikes	3
21	÷		Number(In Crores)	0.80	0.56	1.04	2.40
22	Average Age of Cycles		Total				27.03
23	=		Step 3. Calculate The No. of People Buying Different types of cycles depending on their age and requirement
24	Total Cycles Sold In India in 1 year		Cycle Type	3-16 Years			17-34 Years
25			Cycle Type	>15 Lakh	5-15 Lakh	<5 Lakh	>15 Lakh	5-15 Lakh	<5 Lakh
26			Road Bikes	20%	25%	27%	50%	60%	65%
27	BROWNIE POINTS		Road Bikes	0.9856	0.8624	0.6918912	1.9096	1.604064	3.227224
28	- Yulu Bikes on metro stands or elsewhere can also be taken and their Minimum Age Limit is 13-16 years		Mountain Bikes	20%	12%	12%	17%	15%	13%
29	- Cycles Scraped after not being in use or having anomalies can be reduced.		Mountain Bikes	0.88704	0.413952	0.3075072	0.649264	0.401016	0.6454448
30			Cyclocross Bikes	10%	10%	10%	17%	12%	10%
31	SANITY CHECK		Cyclocross Bikes	0.44352	0.34496	0.256256	0.649264	0.3208128	0.496496
32	Total Market share of Cycles in India	Statista	BMX Bikes	15%	12%	10%	15%	12%	10%
33			BMX Bikes	0.66528	0.413952	0.256256	0.57288	0.3208128	0.496496
34			Kids's Bikes	45%	41%	41%	1%	1%	1%
35			Kids's Bikes	1.99584	1.414336	1.0506496	0.038192	0.0267344	0.0496496
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37			Cycle Type	35-50 Years			51-65+ Years			Total	Total/ Avg Age
38			Cycle Type	>15 Lakh	5-15 Lakh	<5 Lakh	>15 Lakh	5-15 Lakh	<5 Lakh	Total	Total/ Avg Age
39			Road Bikes	50%	65%	65%	60%	70%	70%
40			Road Bikes	0.5516	0.752934	1.864408	0.48048	0.392392	0.728728	14.0513212	1.40513212
41			Mountain Bikes	15%	15%	12%	12%	12%	10%
42			Mountain Bikes	0.16548	0.173754	0.3441984	0.096096	0.0672672	0.104104	4.2551236	0.53189045
43			Cyclocross Bikes	23%	15%	19%	23%	14%	15%
44			Cyclocross Bikes	0.253736	0.173754	0.5449808	0.184184	0.0784784	0.156156	3.902598	0.48782475
45			BMX Bikes	11%	4%	3%	4%	3%	4%
46			BMX Bikes	0.121352	0.0463344	0.0860496	0.032032	0.0168168	0.0416416	3.0699032	0.5116505333
47			Kids's Bikes	1%	1%	1%	1%	1%	1%
48			Kids's Bikes	0.011032	0.0115836	0.0286832	0.008008	0.0056056	0.0104104	4.6507244	1.550241467
49										29.9296704	4.48673932
50			Therefore, Total No. of Cycles In India are 29.93 Cr
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