Industry Analysis & Industry Trends
While revenue for the Bicycle Dealership and Repair industry has grown over the part five years, many dealers had difficulty staying in business during the recession. The industry has fared well overall as cycling has gained popularity for its health and environmental benefits, and as rising disposable income has encouraged consumer purchases. However, despite rising consumer demand, external competition for bicycle sales from mass merchandisers, which can provide less expensive bicycles from low-cost brands, has steadily increased. While this competition is expected to continue to temper sales somewhat over the next five years, 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... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Bicycle Dealership and Repair industry has a very low level of industry concentration, with no major industry players dominating industry revenue in 2016. The industry is highly fragmented, and is made up of a large number of small independent dealerships conducting business from only one or two establishments. The National Bicycle Dealers Association reported that 84.0% of specialty bicycle retailers had one location, while 92.8% had no more than two locations.
Over the past five years, industry concentration has remained low as operators are primarily single-location shops or niche stores that cater to specific demographics or categories. Over the five years to 2016, the total number of enterprises has increased at an average annual rate of 2.2% to 13,927.
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