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 SWOT Analysis Chapter
The Bicycle Dealership and Repair industry is in the declining 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 1.7%. Gross domestic product is expected to grow at an average annual rate of 2.7% over the same period, indicating that the industry is growing at a slower rate than the economy as a whole. Limited changes in technology, stable product markets and declining consumption further reflect characteristics of a declining 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