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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 2014

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

IBISWorld’s Bicycle Dealership and Repair 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
There are no companies with a dominant market share
Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 09-14
1.8%
Annual Growth 14-19
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Profit
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Employment
18,683
Businesses
3,691
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 2019, industry value added, or the industry's contribution to the overall economy, is expected to increase at an average annual rate of 2.4%. GDP is expected to grow at an average annual rate of 2.5% over the same period, indicating that the industry is growing at only a slightly slower rate than the economy as a whole. Limited changes in technology, stable products, slow growth in company numbers and acceptance in the market reflect the characteristics of a mature industry.

Technological change within the industry is mostly limited to information technology for e-commerce, point-of-sales systems and inventory management... 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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