Bike theft is the No. 1 crime on the streets of the world, according to the latest FBI data, with the FBI estimating the global market for stolen bikes in 2015 at $11.5 billion, with a per capita value of $4,732.
That is nearly twice as much as the $1.1 billion value of bike thefts in 2012, according a new report from the Bureau of Justice Statistics (BJS).
The number of bikes stolen in the United States has soared to a new record in 2015, with more than 10,000 bikes stolen and more than 6,000 reported stolen each day.
The bike theft problem has been on the rise for years, according the report, but has only recently become an epidemic.
According to the FBI, in 2014 there were 4.7 million reported bike thefts, up from 3.6 million in 2013.
The number of bike thieves increased by more than 4,000 in 2015.
In 2015, about 80 percent of bike theft was committed by a stranger, with thieves often driving to a location and getting in the way of law enforcement officers trying to stop the vehicle, the BJS report said.
The report also revealed that there were 3,500 bike thefts at transit hubs across the United State in 2015 and more robberies were reported at the transit hubs than any other year in BJS history.
The Bureau of Transportation Statistics (TxBIS) estimates that in the U.S. more than 1 million people are affected by bike theft.
The rate of bike-related injury was at its highest level since 2009, according with the report.