The Bicycle Manufacturing industry recovered slowly over the five years to 2017. Strong international competition hampered growth during the period; however, increases in disposable income and consumer confidence have led to rising demand for industry products, benefiting industry revenue. Inexpensive imports produced with low-cost labor have also been challenging the industry. Domestic producers have been responding by closing facilities or relocating facilities abroad to compete with foreign manufacturers, particularly in Asian countries. Over the five years to 2022, the industry is expected to experience a slight resurgence by increasing its production of high-quality products that are purchased by customers who are willing to pay a premium for such specialization.
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.