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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

The Bicycle Dealership and Repair market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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 - Starting a New Business Chapter

While the falling number of industry enterprises opens opportunity for new entrants, market conditions are difficult for all independent bicycle dealers. Competition against mass merchandisers offering similar products and services is high, and seasoned cyclists return to trusted dealers with their business, making it difficult for a new dealer to develop brand recognition. On top of this, the initial costs for a brick-and-mortar shop, including rent and equipment, can be heavy and require loans, raising the pressure for a new dealer to quickly break-even and obtain sustainable profit margins to cover costs... 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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