Wheels in motion: Rising health consciousness has boosted demand for the industry

Cycling has become more popular across various population demographics over the past five years. Commuters have increasingly moved towards cycling and away from driving or taking public transport to work. Consumers have also increasingly taken up cycling for leisure activities, in addition to the weekday commute. As a result, revenue for the Bicycle Retailing and Repair industry has risen over the past five years. Industry revenue is expected to increase at an annualised 0.9% over the five years through 2018-19, to reach $684.8 million. This includes an anticipated revenue decrease of 6.0% in the current year, principally due to lower prices.Industry operators compete with both locally based and international online-only bicycle retailers...read more.

Industry Statistics & Market Size
Revenue
$685m
Annual Growth 14-19
0.9%
Forecast Growth 19-24
Profit
Employment
3,499
Businesses
1,397
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Consumers have increasingly taken up cycling for leisure, supporting the industry
  • Enterprise and establishment numbers have risen due to increasing demand for new bicycles
  • The popularity of cycling is anticipated to continue supporting industry revenue growth
  • Industry Report - Industry SWOT Analysis Chapter

    The Bicycle Retailing and Repair industry is in the mature stage of its economic life cycle. Industry value added, which measures an industry's contribution to the overall economy is forecast to grow at an annualised 2.3% over the 10 years through 2023-24. This represents a slight underperformance in comparison with overall GDP, which is projected to rise at an annualised 2.7% over the same period. This is indicative of a mature industry.Changes to the industry's product offering tend to be limited to design as opposed to new product development. The design, quality and features of bicycles and related accessories tend to change depending on technological developments. However, the overall product remains relatively unchanged. As ...purchase to read more.

    Additional Insights for the Bicycle Retailing and Repair Industry

    IBISWorld has determined the most important Key Success Factors for the Bicycle Retailing and Repair are:

  • Ability to control stock on hand
  • Having a clear market position
  • Experienced work force
  • IBISWorld analysts also discuss how external factors such as Health consciousness and Real household discretionary income in the Bicycle Retailing and Repair industry impact industry performance..

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    What's in this report

    What is the Bicycle Retailing and Repair Industry?

    Industry companies primarily retail bicycles, sell bicycle parts and offer associated repair services. The industry does not include department stores, general sporting goods retailers and online-only operators that sell bicycles.

    Industry Products
  • Bicycle retailing
  • Bicycle parts and accessories retailing
  • Bicycle repair and maintenance services
  • Industry Activities
  • Bicycle retailing
  • Bicycle part and accessory retailing
  • Bicycle repair services
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Health consciousness
  • Real household discretionary income
  • Consumer sentiment index
  • Demand from online shopping
  • Public concern over environmental issues

  • Current Performance
  • Consumer trends
  • Trading landscape
  • Online competition
  • Cycling culture
  • Chart: Revenue Growth

  • Industry Outlook
  • Commuter cycling
  • Cycling infrastructure
  • Competitive pressures
  • Table: Bicycle Retailing and Repair Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Retail Property Operators
  • Telecommunications Services
  • Toy and Sporting Goods Wholesaling

  • Products & Services
  • Bicycle retailing
  • Bicycle parts and accessories retailing
  • Bicycle repair and maintenance services
  • Chart: Bicycle Retailing and Repair Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • People aged 35 to 54
  • People aged 15 to 34
  • People aged 55 and over
  • Chart: Major Market Segmentation for the Bicycle Retailing and Repair 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 Retailing and Repair

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Bicycle Retailing and Repair Industry

  • Industry Globalization
    Capital Intensity
  • Chart: Level of Capital Intensity for the Bicycle Retailing 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 Retailing and Repair Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Hybrid Bikes
  • Bicycles that combine the features of a mountain bike and road bike.
  • Point Of Sale (Pos)
  • Technology that incorporates a cash register with an electronic payment system to allow instantaneous transactions through one device.
  • Radio Frequency Identification (Rfid)
  • Wireless computer chips that can track products through the supply chain and contain information about source, destination and price.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Bicycle Retailing and Repair market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry 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
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    This report on Bicycle Retailing 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 Retailing 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 Retailing 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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