[Irvine, CA] - The National Bicycle Dealers Association (NBDA) is proud to announce its partnership with Human Powered Solutions (HPS) to conduct the 2023 Specialty Bicycle Retail Study. The study will be a comprehensive analysis of the specialty bicycle retail industry and will provide valuable insights to help bicycle dealers better understand their market and adapt to changing industry trends. It covers the 2022 calendar year and includes projections from retailers about their views of the market.
The study will cover a wide range of topics, including sales and revenue trends, consumer demographics, popular brands and models, and emerging technologies. Many key aspects of bicycle retailers are covered in-depth, including the location and size of the store, product category mix, brands carried, marketing, technology, and challenges in business.
"The specialty bicycle retail industry is constantly evolving, and it is critical for dealers to have access to the latest data and insights to stay competitive," said Heather Mason, President of the NBDA. "We are thrilled to partner with Human Powered Solutions to conduct this study and provide our members with the information they need to succeed."
Human Powered Solutions is a leading market research firm with expertise in the bicycle industry. Their team of experts will work closely with the NBDA to design and execute the study, ensuring that it provides meaningful insights for specialty bicycle retailers.
"We are excited to partner with the NBDA on this important initiative," said Jay Townley, of Human Powered Solutions. "This is the most important survey the NBDA has undertaken since the pandemic because it takes the temperature and records the vital signs of the bike shop channel of trade in the United States."
The 2023 Specialty Bicycle Retail Study survey is now open, and the NBDA invites all retailers to participate. The more retailers to lend insight the more accurate the results. Valuing both your time and the knowledge you will bring to this Survey, the NBDA will give you, with our compliments, the complete Report that Human Powered Solutions (HPS) will prepare from the Survey results. The Report has a resale value of $399. The study, expected to be released in the summer of 2023, will be available to NBDA members and other stakeholders in the bicycle industry.
The Survey can be taken online here.
About the National Bicycle Dealers Association (NBDA)
The National Bicycle Dealers Association is a non-profit organization that represents the interests of specialty bicycle retailers in North America. The NBDA provides education, advocacy, and networking opportunities for its members, and works to promote the benefits of cycling to the wider public.
About Human Powered Solutions (HPS)
Human Powered Solutions is a market research firm specializing in the bicycle industry. The firm provides customized research solutions to help bicycle manufacturers, distributors, and retailers make informed business decisions. Their team of experts has decades of experience in the bicycle industry and a deep understanding of industry trends and dynamics.
