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Bicycles, Motorcycles & Parts (3751-BC)

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Bicycles, Motorcycles & Parts (3751-BC)

Overview of Bicycles, Motorcycles & Parts (3751-BC)

— Bicycles, Motorcycles & Parts - Growth for the Motorcycle, Bike and Parts Manufacturing industry has slowed over the past five years, largely because the aging of the population has reduced demand for motorcycles, the industry's largest revenue source. Despite a downtrend in the overall market for bicycles, there has been a resurgent growth in the market for high-end racing bikes, and accessories. The approximately 4,000 specialty bicycle retailers commanded approximately 13% of the bicycle market in terms of unit sales in 2015, but 49% of the dollars, a dominant dollar share. In terms of the motorcycle market, there has been continued development of alternative cycles such as three-wheelers, and ATV's, and snowmobiles, which have become more prevalent in recent years. The global market for motorcycles, including electrically-powered machines, is forecast to expand 7.2 percent annually to 134.5 million units in 2016, when industry revenues will reach $90 billion. Professional Plastics supplies a variety of materials used for motorcycle fairings (windshields), structural components, electrical components, and wear-resistant bearings and rollers. We also provide value-added services such as cnc routing, thermoforming, drape forming and polishing.

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