Steep incline: Despite rising demand, competition from mass merchants will limit growth

The Bicycle Dealership and Repair industry fared well over the five years to 2017. Attracted by the health and environmental benefits of cycling, many individuals turned to bicycles as an alternative mode of transportation. In addition, rising per capita income and increased participation in sports drove sales for industry products, particularly specialty bikes. Looking ahead, 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. To this end, IBISWorld estimates that industry revenue will grow over the five years to 2022...read more.

Industry Statistics & Market Size
Revenue
$342m
Annual Growth 12-17
2.0%
Forecast Growth 17-22
Profit
Employment
3,309
Businesses
1,718
Market Share of Companies
There are no companies with a dominant market share in this industry
What Our Customers Say

Industry Threats & Opportunities

  • Competition from mass merchandisers is expected to hamper sales
  • Recent employment upticks are estimated due to the growing popularity of metropolitan bicycle shops
  • Mass merchandisers are expected to continue to be a source of external competition
  • Industry Report - Industry Key Buyers Chapter

    The Bicycle Dealership and Repair industry exhibits a low level of industry concentration, with no major industry players dominating industry revenue in 2017. The industry is highly fragmented, and is primarily made up of a large number of small independent dealerships conducting business from only one or two establishments. The National Bicycle Dealers Association (NBDA) reported that 84.0% of specialty bicycle retailers operated one location, while 92.8% operated no more than two locations.Over the past five years, industry concentration remained low as operators are primarily single-location shops or niche stores that cater to specific demographics or categories...purchase to read more.

    Additional Insights for the Bicycle Dealership and Repair Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Bicycle Dealership and Repair Industry are

  • Maintenance of excellent customer relations
  • Establishment of brand names
  • Aggressive marketing/franchising
  • IBISWorld analysts also discuss how external factors such as Consumer Confidence Index and Participation in sports in the Bicycle Dealership and Repair industry impact industry performance..

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    What is the Bicycle Dealership and Repair Industry?

    Operators in this industry sell 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 bicycles
  • Road bicycles
  • Hybrid/cross bicycles
  • Other bicycles
  • Industry Activities
  • Retailing new bicycles, bicycle parts and accessories
  • Providing bicycle repair and maintenance services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer Confidence Index
  • Participation in sports
  • Time spent on leisure and sports
  • World price of crude oil
  • Trade-weighted index

  • Current Performance
  • Cycling on the rise
  • Industry structure
  • Competition from mass merchants
  • Chart: Revenue Growth

  • Industry Outlook
  • Consumer conditions
  • Trends
  • Profit and participation
  • Table: Bicycle Dealership and Repair Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Bicycle Dealership and Repair Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Motorcycle, Bike & Parts Manufacturing
  • Sporting Goods Wholesaling

  • Products & Services
  • Hybrid/cross bicycles
  • Mountain bicycles
  • Road bicycles
  • Other bicycles
  • Chart: Bicycle Dealership and Repair Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged between 35 and 54
  • Consumers aged between 18 and 34
  • Consumers aged over 55
  • Chart: Major Market Segmentation for the Bicycle Dealership and Repair Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Bicycle Dealership and Repair

  • Basis of Competition
  • Internal
  • External

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Bicycle Dealership and Repair Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Bicycle Dealership and Repair Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Bicycle Dealership and Repair Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per capita disposable income (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Big-Box Store
  • A retail store that is differentiated by its sheer size and large range of products, including electronics, household goods and other consumer products.
  • Bmx Bicycle
  • A type of bicycle that is used in extreme sports, such as racing and stunts on rough terrain.
  • Hybrid/Cross Bicycle
  • A type of bicycle that is designed for general-purpose utility and commuting on a wide variety of surfaces. It combines road and mountain bike features.
  • Independent Bicycle Dealer (Ibd)
  • A specialized dealer of bicycles that does not participate in mass merchandising.
  • Mountain Bicycle
  • A type of bicycle designed for off-road cycling.
  • Road Bicycle
  • A type of bicycle designed for use on paved roads.
  • Why buy this report?

    IBISWorld’s industry research report on Bicycle Dealership and Repair can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Bicycle Dealership and Repair:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Bicycle Dealership and Repair market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Bicycle Dealership and Repair, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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