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
Annual Growth 14-19
Forecast Growth 19-24
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 Products Chapter

    Operators in the Bicycle Retailing and Repair industry stock a range of bicycles, bicycle parts and accessories. Industry firms also offer bicycle repair and maintenance services. Sales made online from pure-play online operators are excluded from the industry.Bicycle retailingBicycle sales account for most industry revenue. Industry operators sell different types of bicycles, though most retailers focus on high-value products that target cycling enthusiasts. The most popular types of bicycles include mountain bikes, road bikes, hybrid bikes, BMX bikes and cruiser bikes. Demand for bicycles has grown over the past five years, due to rising health consciousness and an increase in cyclist numbers. How...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 concerns 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
  • 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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    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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