Over the past five years, cycling has undergone a popularity boom across various population demographics. 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 the weekday commute, with consumers also increasingly cycling for recreation. While enthusiasm for cycling is rising, demand for bicycle retailers has been limited by the presence of large-scale online competition. Overall, industry revenue is expected to stagnate over the five years through 2014-15, growing by an annualised 0.1%. A decline of 2.1% is expected during 2014-15, with revenue falling to $801.6 million.
Businesses in this industry are primarily engaged in retailing bicycles, selling bicycle parts and offering repair services. The industry does not include department stores, general sporting goods retailers and online-only operators that sell bicycles.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.