Pedal power: Industry revenue is growing strongly as cycling becomes more popular

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.


Industry Analysis & Industry Trends

Over the past five years, cycling has boomed in popularity across various population demographics in Australia. Commuters have increasingly moved towards cycling and away from driving or taking public transport to work. The uptake of cycling has not been limited to weekday commuting, with consumers also increasingly cycling for leisure. As a result, the Bicycle Retailing and Repair industry has performed strongly over the past five years. Industry revenue is forecast to rise at an annualised 6.3% over the five years through 2016-17, to reach $773.4 million. This includes projected growth of 4.9% in 2016-17, as the strong uptake of cycling continues into the current year.

Industry operators compete with both locally based and international online-only bicycle retailers...

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What is the Bicycle Retailing and Repair industry?

The Bicycle Retailing and Repair industry is in the growth 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 2.7% over the 10 years through 2021-22. This represents an outperformance of overall GDP, which is projected to rise at an annualised 2.6% over the same period. This indicates the industry's contribution to the economy is increasing.

Consumers that shop at local bicycle stores are increasingly purchasing high-value products such as specialty road and time trial bicycles, boosting the average purchase price for new bicycles and contributing to industry revenue growth. An...

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Additional Insights for the Bicycle Retailing and Repair Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Bicycle Retailing and Repair Industry 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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    Products & Brands

    Major products in this industry
    Bicycle retailing
    Bicycle parts and accessories retailing
    Bicycle repair and maintenance services

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    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

  • Products & Markets
    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
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Bicycle Retailing and Repair

  • Basis of Competition
  • Internal competition
  • External competition

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

  • Industry Globalization
    Major Companies
    Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Bicycle Retailing and Repair Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    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.
  • Why buy this report?

    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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