Industry Analysis & Industry Trends
The outlook is brighter for the Bicycle Dealership and Repair Services industry. As the economic recovery continues to gain traction, consumers will allot more disposable income to purchasing quality bicycles, driving industry revenue upward. However, high competition from mass merchandisers and the high costs of imported goods will temper growth, keeping both revenue and profit low... purchase to read more
Industry Report - Starting a New Business Chapter
As evidenced by a large number of small operators in this industry (nonemployers make up an estimated 48.0% of bicycle specialty stores and about 95.0% of bicycle repairers), barriers to entry for this industry are low. Nonetheless, the initial cost of establishing or purchasing a retail outlet and its inventory can be expensive and may be a barrier for new entrants. Potential entrants require a line of credit for the purchase of store inventory, which can be extensive, depending on the type of bicycle stocked and retailed.
Dealerships also need to have established relationships with suppliers to guarantee a consistent and reliable supply of quality products, which may also be a barrier for new entrants... purchase to read more