Bicycle Dealership and Repair in the US - Industry Market Research Report

Bicycle Dealership and Repair in the US - Industry Market Research Report

  • March 2021 •
  • 35 pages •
  • Report ID: 286521 •
  • Format: PDF
Handle it: Health consciousness and environmental awareness will likely keep dealerships in demand

Abstract

Bicycle Dealership and Repair in the US
Operators in the Bicycle Dealership and Repair industry sell new bicycles, bicycle parts and accessories and provide maintenance and repair services. Used bike shops and mass merchandisers that retail bicycles are excluded from this industry. Over the five years to 2019, the industry has picked up speed as cycling has gained popularity as a leisure activity, workout method and eco-friendly mode of transportation. This positive momentum, combined with increases in disposable income and heightened health consciousness among consumers, have led to rising revenue for the industry. Despite rising demand, external competition for bicycle sales from mass merchandisers, which can provide less expensive bicycles from low-cost brands, has steadily increased during the five-year period. While big-box retailers can offer significant discounts on standard bicycles, independent bicycle dealers (IBDs) have grown due to their greater expertise and personal attention. Industry revenue is expected to continue on an upward trajectory over the five years to 2024, as increasing consumer activity and spending are expected to result in higher demand for industry products and services. As disposable income and health consciousness are forecast to continue growing, consumers are expected to dedicate more of their discretionary income to recreational purchases, driving demand for industry products and services.

Operators in this industry sell new bicycles, bicycle parts and accessories. Industry operators often also provide repair and maintenance services. Used bicycle stores and mass merchandisers that retail bicycles are excluded from this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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