The industry is highly influenced by the prosperity of US consumers; therefore, the recession caused steep declines in industry revenue as consumers held back on discretionary purchases. An increase in low-cost imports has also caused manufacturers to close facilities or relocate abroad to compete. Over the next five years, the industry is expected to focus on creating high-quality products that command premium prices. In addition, concerns over the environmental impacts of motor vehicles are expected to promote greater use of bicycles. Major and ecofriendly cities are promoting bike commuting by creating dedicated and safer bike lanes, aiding the industry.
This industry manufactures bicycles. These products are used for transportation, leisurely travel and competitive racing.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.