£1.6bn
£XX.Xm
10,968
2,285
£XXX.Xm
Bicycle retailers’ revenue is expected to decline at a compound annual rate of 3.7% over the five years through 2024-25 to £1.6 billion. The cycling market has been extremely volatile over the past few years, driven by the onset of the COVID-19 pandemic, a hike in the number of people taking up cycling for exercise and the fall off due to the cost-of-living crisis. After COVID-19 first hit, 2020-21 was marked by lockdowns and social restriction; sales experienced a dip, then bounced back briefly in 2021-22 as cycling became more popular after the initial lockdown period ended. This was followed by consecutive revenue slumps in the two years through 2023-24 as the cost-of-living crisis changed consumer spending habits.
Industry revenue has declined at a CAGR of 3.7 % over the past five years, to reach an estimated £1.6bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2025 | Revenue (£m)
2025 |
---|---|---|
Halfords Group plc | 403.8 | |
Evans Cycles Ltd | 56.5 | |
Rutland Water Cycling Ltd | 15.1 |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including e-bikes, Functional bicycles and Performance bicycles. e-bikes is the largest segment of the Bicycle Retailing in the UK.
More active lifestyles mean sales of functional bicycles accelerate
Companies in this industry sell new bicycles, bicycle parts and accessories. They often also provide repair and maintenance services.
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SIC 47.64 - Bicycle Retailing in the UK
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Bike retailers battle fierce competition. Many are folding or being acquired by rivals due to difficult operating conditions, heightened competition and economic downturns de...
Learn about an industry's products and services, markets and trends in international trade.
Sales of functional bikes creep upwards. This is due to individuals taking up cycling as a way of exercise, for days out with the family or as an alternative means of commuti...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The South East is popular with cyclists. There are nine protected Areas of Outstanding Natural Beauty within and bordering the region, making it an attractive place to cycle.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Larger bike retailers sell in multiple locations. This gives them economies of scale, which helps them pay less for products, letting them offer lower prices and keeping them...
Learn about the performance of the top companies in the industry.
Halfords offers extra services to entice customers. The company provides free six-week checks, bike care plans and personalised on-demand fittings at the time of purchase.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Bike retailers jump on the wellness trend. Growing health consciousness provides an opportunity for stores. Cycling is considered both a sport and means of transport, so peop...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit comes under pressure. Soaring inflation pushed up price competition, with the cost-of-living crisis leading buyers to seek out deals, trade down to cheaper brands or f...
Including values and annual change:
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Key data sources in the UK include:
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The market size of the Bicycle Retailing in the UK industry in United Kingdom is £1.6bn in 2024.
There are 2,285 businesses in the Bicycle Retailing in the UK industry in United Kingdom, which has declined at a CAGR of 0.8 % between 2019 and 2024.
The market size of the Bicycle Retailing in the UK industry in United Kingdom has been declining at a CAGR of 3.7 % between 2019 and 2024.
Over the next five years, the Bicycle Retailing in the UK industry in United Kingdom is expected to grow.
The biggest companies operating in the Bicycle Retailing market in United Kingdom are Halfords Group plc, Evans Cycles Ltd and Rutland Water Cycling Ltd
Functional bicycles and Performance bicycles are part of the Bicycle Retailing in the UK industry.
The company holding the most market share in United Kingdom is Halfords Group plc.
The level of competition is high and increasing in the Bicycle Retailing in the UK industry in United Kingdom.