Bicycle Retailing in the UK - Industry Market Research Report

Hitting the brakes: Cost-of-living pressures put revenue in reverse as consumers cut back on spending

Revenue is expected to decline at a compound annual rate of 1.6% over the five years through 2023-24 to £1.7 billion. The cycling market boomed over the past few of years, driven by the onset of the COVID-19 pandemic and a hike in the number of people taking up cycling to exercise, get out and about with the family or for commuting. When COVID-19 first hit, marked by lockdowns and social restrictions, sales experienced a dip, but they've bounced back ever since.

Companies in this industry sell new bicycles, bicycle parts and accessories. Industry operators often also provide repair and maintenance services. Mass merchandisers that retail bicycles and second-hand bike shops are excluded from this industry.

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.