High gear: Despite rising demand, competition from mass merchants will limit growth

Operators in the Bicycle Dealership and Repair industry sell new bicycles, bicycle parts and accessories and provide maintenance and repair services. However, used bike shops and mass merchandisers that retail bicycles are not included in this industry. Over the five years to 2018, the industry has gained speed as cycling has increased in popularity as a leisure activity, workout method and eco-friendly mode of transportation. This trend, coupled with increases in disposable income and heightened health consciousness among consumers, has led to rising revenue for the industry. Despite rising demand, external competition for bicycle sales from mass merchandisers, which can provide less-expensive bicycles from low-cost brands, steadily increased during the five-year period...purchase to read more.

Industry Statistics & Market Size
Revenue
$4bn
Annual Growth 13-18
1.9%
Forecast Growth 18-23
Profit
Employment
115,791
Businesses
17,556
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Competition from mass merchandisers is expected to hamper sales
  • An increase in demand for industry services led to operators growing their businesses
  • Revenue depends on positive recreational spending conditions and physically active consumers
  • Industry Report - Industry Investment Chapter

    The Bicycle Dealership and Repair industry exhibits a low level of capital intensity. Most dealerships are labor intensive, reflective of industry operators' reliance on qualified personnel for bicycle sales and repair. The industry consists of many small operators with only one or two establishments. Generally, the smaller the establishment, the lower the capital intensity, as these operators usually do not need large machines and equipment. This leaves more investment for labor. However, over the past decade, the industry has decreased its labor costs in reaction to lower sales from the recession and are managing with as few employees possible. Running costs for the machinery in a typical dealership are relatively low. In 2018, IBISWorld estimates that the industry spends $0.07 o...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's in this report

    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
  • Comfort bicycles
  • Youth 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
  • Comfort bicycles
  • Youth 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 (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Per capita disposable income (2009-2023)

  • 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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Bicycle Dealership and Repair provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    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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