INNOVATION AT YOUR FINGERTIPS
Updated: 10/2018
Tuvalum
Spain / Valencia , Spain
Pitch
Growing at over 100% annually, the market for second-hand bikes is rapidly scaling across Europe.
Why
Few second-hand goods sites
Manufacturers don't sell used bikes online. Difficult to find websites for trading second-hand bicycles.
Fraud issues
Many marketplaces sell items that may not correspond with images and product descriptions advertised.
Security problems
Trustworthy intermediaries and escrow accounts are needed to manage transactions and payments properly.
Market
€673 million
The market value for bicycles in Spain for 2017, with 5% year-on-year growth. At the global level, the market is projected to reach US$17 billion.
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