6.Bike Sales, Service and Rentals
Given the health and environmental benefits, it’s no wonder that bicycling has become the second most popular outdoor activity in America by frequency of participation. According to peopleforbikes:
- U.S. bike commuting has grown 47 percent nationwide and 73 percent in the largest cities over a 10-year period. North American cities are trying hard to increase the number of people using bikes rather than cars to commute to work.
- Americans spend $81 billion on biking annually, generating 770,000 jobs.
Anything that’s healthy, popular, good for the environment and heavily promoted by government is a pretty good business bet. In addition to pedal-only powered bikes, E-bikes have become very popular. E-bikes can be pedaled without electric power or use electric power to assist, and sales are expected to hit close to 50 million units by 2018. Regular pedal bikes can be converted to E-bikes with a kit that allows replacement of the front or back wheel hub with one containing a small electric motor and adding a battery and cabling.
If cycling is your passion and you want to become an entrepreneur, this may be the perfect business opportunity for you.