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Bicycle Dealership and Repair in the US: Market Research Report

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

Bicycle Dealership and Repair Market Research Report | NAICS 44122b | Oct 2015

High gear: Despite rising demand, competition from mass merchants will limit growth

IBISWorld’s Bicycle Dealership and Repair market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 10-15
2.4%
Annual Growth 15-20
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Profit
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Employment
19,250
Businesses
3,730
Industry Analysis & Industry Trends

While revenue for the Bicycle Dealership and Repair industry has grown over the part five years, many dealers had difficulty staying in business during the recession. The industry has fared well overall as cycling has gained popularity for its health and environmental benefits, and as rising disposable income has encouraged consumer purchases. However, despite rising consumer demand, external competition for bicycle sales from mass merchandisers, which can provide less expensive bicycles from low-cost brands, has steadily increased. While this competition is expected to continue to temper sales somewhat over the next five years, 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... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Bicycle Dealership and Repair industry is in the mature stage of its life cycle. Over the 10 years to 2020, industry value added, or the industry's contribution to the overall economy, is expected to increase at an average annual rate of 2.7%. GDP is expected to grow at an average annual rate of 2.2% over the same period, indicating that the industry is growing at a slightly faster rate than the economy as a whole. Limited changes in technology, stable products, and slow growth in enterprise numbers reflect the characteristics of a mature industry. Recent revenue growth can be attributed to pent-up demand rather than organic growth in the industry itself... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Bicycle Dealership and Repair Industry?

This industry sells 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.

Industry Products
Mountain bicyclesRoad bicyclesHybrid/cross bicyclesOther bicycles
 
Industry Activities
Retailing new bicycles, bicycle parts and accessories Providing bicycle repair and maintenance services


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