Smooth ride: Manufacturers will rely on high-end bikes for renewed growth

The Bicycle Manufacturing industry recovered slowly over the five years to 2017. Strong international competition hampered growth during the period; however, increases in disposable income and consumer confidence have led to rising demand for industry products, benefiting industry revenue. Inexpensive imports produced with low-cost labor have also been challenging the industry. Domestic producers have been responding by closing facilities or relocating facilities abroad to compete with foreign manufacturers, particularly in Asian countries. Over the five years to 2022, the industry is expected to experience a slight resurgence by increasing its production of high-quality products that are purchased by customers who are willing to pay a premium for such specialization...purchase to read more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22
Market Share of Companies

Industry Threats & Opportunities

  • Inexpensive imports produced with low-cost labor have also been challenging the industry
  • Economic recovery and increased consumer confidence led to strong demand for bicycles
  • Imported bicycles are anticipated to remain lower cost than those manufactured domestically
  • Industry Report - Industry Investment Chapter

    The Bicycle Manufacturing industry carries a low level of capital intensity. For every $1.00 spent on wages, the average industry operator will invest roughly $0.07 in capital. In general, capital investment has grown over the past five years, with increasing import competition and a growing trade deficit leading industry companies to invest in laborsaving technologies that produce greater cost efficiencies.Capital intensity varies according to the scale of the operation. Many of the smaller operators in this industry rely more heavily on labor, such as family-owned businesses, where financial limitations can inhibit capital investment capacity. For...purchase to read more.

    Additional Insights for the Bicycle Manufacturing Industry

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

  • Ability to expand and curtail operations rapidly in line with market demand
  • Access to high quality inputs
  • Development of new products
  • IBISWorld analysts also discuss how external factors such as Trade-weighted index and Per capita disposable income in the Bicycle Manufacturing industry impact industry performance..

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    What's in this report

    What is the Bicycle Manufacturing Industry?

    This industry manufactures bicycles. These products are used for transportation, leisurely travel and competitive racing.

    Industry Products
  • Road bikes
  • Mountain bikes
  • Hybrid/cross bikes
  • Other bikes
  • Industry Activities
  • Manufacturing bicycles
  • Manufacturing bicycle frames
  • Designing bicycles
  • Manufacturing bicycle parts
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Trade-weighted index
  • Per capita disposable income
  • Demand from bicycle dealership and repair
  • Consumer Confidence Index
  • Number of adults aged 20 to 64
  • Time spent on leisure and sports

  • Current Performance
  • Competition abroad
  • Demographic factors
  • Consumer economy response
  • Premium bikes
  • Chart: Revenue Growth

  • Industry Outlook
  • Looking elsewhere
  • Higher fuel prices support growth
  • Profit trends
  • Table: Bicycle Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Bicycle Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Bicycle Dealership and Repair
  • Consumers

  • Key Selling Industries
  • Aluminum Manufacturing
  • Plastics Wholesaling
  • Rubber Product Manufacturing

  • Products & Services
  • Other bikes
  • Hybrid/cross bikes
  • Mountain bikes
  • Road bikes
  • Chart: Bicycle Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Riders aged 35 to 54
  • Riders aged 18 to 34
  • Riders aged 55 to 64
  • Riders aged 65 to 74
  • Other ages
  • Exports
  • Chart: Major Market Segmentation for the Bicycle Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Bicycle Manufacturing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Bicycle Manufacturing Industry

  • Industry Globalization
    Trek Bicycle Corporation,
  • Table: Trek Bicycle Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Bicycle Manufacturing 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 Manufacturing Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (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
    Carbon Fiber
  • A synthetic material that enables a bike frame to be extremely lightweight and strong.
  • Independent Bicycle Dealer (Ibd)
  • A single-location or independently owned bicycle shop that sells high-end bikes and conducts repairs.
  • Road Bike
  • A type of bicycle built for use on paved roads, usually characterized by mid-range drivetrains, drop handlebars and an aerodynamic profile.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Bicycle Manufacturing Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Bicycle Manufacturing industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    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 Manufacturing:
    • 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 Manufacturing 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 Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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