The market for cheap, traditional bicycles cannot expand unless the market for high-performance competition bicycles expands.

High-performance bicycles are likely to be improved more as a result of technological innovations developed in small workshops than as a result of technological innovations developed in major manufacturing concerns.

Bicycle racers do not generate a strong demand for innovations that fall outside what is officially recognized as standard for purposes of competition.

The technological conservatism of bicycle manufacturers results primarily from their desire to manufacture a product that can be sold without being altered to suit different national markets.

The authorities who set standards for high-performance bicycle racing do not keep informed about innovative bicycle design.