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Bicycle Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Bicycle Manufacturing Market Research Report | Consumer Goods & Services | Leisure Product Manufacturing | Mar 2015

Smooth ride: Manufacturers will rely on high-end bikes for renewed growth

IBISWorld’s Bicycle Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Trek Trek market share
Industry Statistics & Market Size
Revenue
$926m
Annual Growth 10-15
-2.0%
Annual Growth 15-20
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Profit
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Employment
2,206
Businesses
44
Industry Analysis & Industry Trends

The industry is highly influenced by the prosperity of US consumers; as such, the recession caused steep declines in industry revenue as consumers held back on discretionary purchases. An increase in cheap imports has also caused manufacturers to close facilities or relocate abroad to compete. Over the next five years, the industry is expected to double down on creating high-quality products that consumers are willing to pay a premium for. In addition, concerns over the environmental impacts of motor vehicles are expected to promote greater use of bicycles.... purchase to read more

Industry Report - Industry Analysis Chapter

The Bicycle Manufacturing industry had its route interrupted by strong international competition and a drop in consumer spending the five years to 2015, with revenue expected to decline 2.0% annually on average over the period to $926.2 million. This rate includes an expected increase of 2.1% in 2015. Tough economic conditions kept consumers away from their local bicycle shops, as many consumers with constrained incomes were discouraged from making discretionary purchases. In response to dwindling demand, many industry firms consolidated and relocated facilities overseas to control costs and reach growing market segments abroad. However, parts of the industry have refocused efforts toward the high-end market, recently attracting a new, wealthier consumer base and pushing up sales... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Bicycle Manufacturing Industry?

This industry manufactures bicycles. These products are used for transportation, leisurely travel and competitive racing.

Industry Products
Road bikesMountain bikesHybrid/cross bikesOther bikes
 
Industry Activities
Manufacturing bicyclesManufacturing bicycle framesDesigning bicyclesManufacturing bicycle parts


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