Bicycle Dealership and Repair in the US - Industry Market Research Report
- May 2017 •
- 29 pages •
- Report ID: 286521
Steep incline: Despite rising demand, competition from mass merchants will limit growth
Bicycle Dealership and Repair in the US
The Bicycle Dealership and Repair industry fared well over the five years to 2017. Attracted by the health and environmental benefits of cycling, many individuals turned to bicycles as an alternative mode of transportation. In addition, rising per capita income and increased participation in sports drove sales for industry products, particularly specialty bikes. Looking ahead, as consumers earn higher incomes and are better able to afford luxury items like specialty bicycles, sales and profit for dealers are expected to grow. To this end, IBISWorld estimates that industry revenue will grow over the five years to 2022.
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.