2020 US bicycle sales increased 64% to $5.4bn due to pandemic-induced cycling surge, but supply chain issues and reduced demand led to price cuts for excess stock.

Early in the pandemic, a surge in cycling interest boosted US bicycle sales by 64% to $5.4bn in 2020. However, pandemic-related supply chain issues led to shops selling all their inventory and struggling to restock. Inventory has since caught up, but with fewer people needing new bikes, manufacturers have been forced to slash prices to clear excess stock. Bike shops have experienced a challenging business environment, although there are some bright spots in gravel and e-bike sales.

May 17, 2024
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