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

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

  • May 2018 •
  • 30 pages •
  • Report ID: 286521
High gear: Despite rising demand, competition from mass merchants will limit growth

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. However, used bike shops and mass merchandisers that retail bicycles are not included in this industry. Over the five years to 2018, the industry has gained speed as cycling has increased in popularity as a leisure activity, workout method and eco-friendly mode of transportation. This trend, coupled with increases in disposable income and heightened health consciousness among consumers, has 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, steadily increased during the five-year period. While big-box retailers can offer significant discounts on standard bicycles, independent bicycle dealers (IBDs) experienced growth because they offer more expertise and personal attention. Industry operators are expected to experience a smooth ride over the five years to 2023, as consumer activity and spending is expected to result in heightened 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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Country=UnitedStates Industry=SportingGoods ParentIndustry=ConsumerGoodsAndRetail Date=201805 Topic=Forecast Publisher=Ibisworld Price=1000