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