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 Products Chapter
Hybrid bicycles are expected to generating 32.0% of revenue. Hybrid bicycles combine, or cross, features of road bicycles and mountain bicycles, and are designed for general-purpose utility and commuting on a variety of surfaces, including paved and unpaved roads, paths and trails. Similar to mountain bicycles, the mature nature of hybrid bicycles has kept this product segment's sales stable over the past five years.
Mountain bikes, which generally use 26-inch wheels and are designed for off-road use, are estimated to make up the second-largest bicycle segment, accounting for 29.0% of industry revenue... purchase to read more