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 - Industry Key Buyers Chapter
The Bicycle Dealership and Repair industry has a low level of industry concentration, with the top players generating an estimated 25.2% of industry revenue in 2014. The industry is highly fragmented, and is made up of a large number of small companies. According to the US Census Bureau, nonemployers, or owner-operator companies that do not employ any hired workers, account for about 48.0% of bicycle specialty retailers and about 95.0% of bicycle repairers.
Over the past five years, industry concentration has been on the rise, primarily due to increased external competition. External competitors, mainly mass merchandisers like Walmart and Target, have increasingly eroded industry demand by providing heavily discounted prices for entry-level bicycles... purchase to read more