The annual Cape Town Cycle Tour remains a flagship event, generating over R500 million in economic impact and attracting over 30,000 participants, a significant portion of whom are tourists. Beyond major events, the Western Cape's leisure cycling market alone is estimated to reach R4.4 billion annually. Nationally, the cycling retail market (bikes, accessories, apparel, maintenance) is approximately R2.5 billion annually, with a consistent year-on-year growth of 5-8%.