Business ideas
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10+ Best & Profitable Bicycle Business Ideas in 2023

Starting a business is an exciting journey and one of the most lucrative industries to enter is the bicycle market. With an increasing number of people looking for eco-friendly ways to travel and for fun, starting a bicycle business can be a great way to make money. In 2023, the bicycle market is projected to boom with more opportunities for entrepreneurs wanting to capitalize on this growing trend. The sky's the limit when it comes to different types of businesses related to bicycles, from bike part sales and servicing, to custom builds and guided tours. With this in mind, here are 10+ of the best and most profitable bicycle business ideas you can start up in 2023.

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Updated on:
April 2, 2023
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Table of Contents:

Our List of 10+ Best Bicycle Business Ideas:

1. Bicycle Rental.

A bicycle rental is a business idea that involves renting bicycles to customers for a fee. There are several advantages to owning a bicycle rental business. It is a low cost and low risk venture with the potential for good returns, it allows customers to get around without the need for expensive transportation costs, and it can also help people stay active and healthy.

  • Low cost and low risk venture with potential for good returns
  • Customers have access to affordable transportation options
  • Helps people stay active and healthy
  • Provides an easy-to-access service in an environmentally friendly manner
  • Opportunities to expand the business in many ways, such as offering additional services, products or events related to cycling

2. Bicycle Repair Shop.

A bicycle repair shop is a business idea that can be very beneficial for those who enjoy cycling and need repairs for their bikes. It can be a great way to start a business since there are lots of cyclists in the world, and many might need the convenience of getting their bikes repaired quickly and professionally. Here are some of the benefits of starting a bicycle repair shop:

  • Can offer great service to cyclists who might not have the necessary tools or experience to do their own repairs.
  • Can build relationships with customers over time, as they come back for more repairs.
  • Can provide quality parts, tools, and components at a reasonable price.
  • Can offer discounts on services or parts to build loyalty.

3. Bicycle Tour Operator.

A Bicycle tour operator is a business that organizes and leads guided trips by bike. This could include the rental of bikes and equipment, the design of routes, and providing necessary support services like lodging. It is a great business idea as it can be beneficial to both cyclists and non-cyclists alike.

  • Bicycle tours provide an enjoyable way to explore new areas, while remaining active.
  • Cyclists can benefit from the support that tour operators offer in terms of safety, group rides, and taking care of equipment maintenance.
  • Non-cyclists can enjoy the convenience of having someone take care of the logistics for them which includes routes, places to stay, and transportation.

4. Bicycle Parts & Accessories Retailer.

A Bicycle parts & accessories retailer is a great business idea for those who love cycling and want to share their knowledge and passion with others. Bicycle parts and accessories retailers offer a wide range of products from helmets to handlebars, providing cyclists with the necessary equipment to pursue their hobby. Here are some key benefits of starting such a business:

  • The bicycle industry is growing rapidly, allowing plenty of opportunity for new businesses to emerge.
  • The cost of entry is relatively low, making it easy to get started.
  • It provides customers with a convenient way to purchase the items they need.
  • You will have access to a variety of suppliers, allowing you to keep your inventory fresh.
  • It can be an enjoyable way to earn an income while still having fun.

5. Custom Bicycle Builder.

A Custom Bicycle Builder is a business that specializes in creating custom-made bicycles for customers. This type of business offers consumers the opportunity to get a bike that perfectly fits their size, style, and needs. The benefits of starting a custom bicycle builder business include:

  • The ability to specialize in working with different types of materials, such as wood, metals, or plastics.
  • The opportunity to apply creativity and imagination in the design process.
  • You can offer services such as repairs and customizations.
  • You can develop relationships with clients and builders, and collaborate on projects.
  • You have the chance to work on projects with unique styles and design elements.

6. E-Bike Builder.

A E-bike builder is a business that specializes in customizing and manufacturing electric bicycles. It can be a great business idea for entrepreneurs looking to capitalize on the growing popularity of electric bikes. The following are some reasons why:

  • E-bikes provide an eco-friendly and affordable alternative form of transportation.
  • E-bikes appeal to a broad range of consumers, including commuters, recreational cyclists, and those looking for an easier way to get around.
  • E-bike components can be sourced from manufacturers or from secondhand sources, which helps keep costs down.
  • There is plenty of room for innovation, as new designs and technologies are being released regularly.
  • Customization options such as colors, accessories and battery upgrades allow customers to personalize their e-bike.
  • The market for electric bicycles is growing at a rapid rate and is expected to continue doing so in the future.

7. Bicycle Accessories Designer.

A Bicycle accessories designer is a business person who designs and creates custom accessories for bicycles, such as baskets, panniers, and bags. This type of business is great for entrepreneurs who have an eye for fashion, as well as have a knack for engineering and design. Here are some advantages of starting a bicycle accessories design business:• It can be a low-cost venture to start – No need to invest in expensive materials or tools until you have customers.• It allows you to be creative – You can create unique bike accessories that stand out from the crowd.• You can adjust your pricing based on the quality of the product you create – Higher-quality materials and designs will usually lead to higher prices. • You can target any market – From amateur cyclists to professional athletes. • You can make it a global business – There is no limit to how far you can reach with your products if you use the right marketing channels.

8. Bike Storage Facility.

A bike storage facility is a business that allows customers to securely store their bikes in a sheltered and secure environment. There are many reasons why this would be a good business idea. Here are some of them:

  • It provides a secure and convenient place for people to store their bikes
  • It offers convenience, as the customers don't have to worry about carrying their bike around
  • It can help reduce the amount of bikes being stolen or vandalized
  • It can generate additional income for businesses, as well as providing a useful service to customers

9. Mobile Bicycle Repair Service.

A mobile bicycle repair service is a business that goes to customers’ homes and provides repair services on their bicycles. This offers convenience to customers, as they do not have to transport their bike to a store or garage. It also ensures that the bike can be serviced in their own environment, since the tools and space needed may not be available elsewhere. There are many advantages of a mobile bicycle repair service:

  • Drive to customers - eliminates the need for customers to move the bike
  • No overhead costs – no need for a shop or garage rental
  • Convenient – customers can get repairs done at their convenience
  • Customized services – technicians can offer personalized advice on specific bikes
  • Eco-friendly - less fuel used from transportation of bikes from one location to another

10. Subscription-Based Maintenance Plan.

A Subscription-based maintenance plan is a plan that utilizes ongoing payments to provide ongoing service to customers. The customer pays a monthly or annual fee to receive regular maintenance and support services over the duration of the period, such as product updates and technical assistance. This type of plan provides customers with peace of mind, knowing they will have access to the latest technology, bug fixes, and support when they need it. Additionally, it helps businesses maintain a steady source of income and stabilizes their cash flow. There are several reasons why this type of plan makes for a good business idea:

  • It provides customers with easy access to the latest technology and bug fixes.
  • It offers businesses an easy way to build a long-term relationship with customers.
  • It helps businesses manage their cash flow more effectively.
  • It allows businesses to predict their future revenue more accurately.
  • It allows businesses to easily scale up or down according to changes in customer demand.
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Successful Examples of Bicycle Businesses:

The following are a few examples of successful companies in the bicycle business industry:

  • Trek Bicycles
  • Giant Bicycles
  • Cannondale Bicycle Corporation
  • Specialized Bicycle Components
  • Raleigh Bicycles
  • Diamondback Bikes
  • Scott Sports
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