The number of Australians riding bicycles has surged in recent years. However, businesses selling, manufacturing, repairing and servicing bikes fared poorly in the early part of the current performance period as much industry activity involves the wholesale and manufacture of new bikes. The global financial crisis resulted in a drop in sales of children's bikes. Despite mixed fortunes, the industry overall has grown at a compound annual rate of 0.7% in the five years through 2012-13.
Industry revenue is expected to grow by 0.3% in 2012-13 to reach $1.93 billion.
This industry is involved in the manufacture, importing, exporting, wholesaling and retailing of bicycles and cycling accessories. The industry also includes operators who provide specialised bicycle services such as maintenance, repairs, bicycle parking and bicycle tours.
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.