Cycling Industry Predictions – What Will Change in 2021

raluca 2021-02-19
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The year 2020 was pretty rough for a vast majority of businesses, however, we are likely to feel the true aftermath during this year. This also goes for the cycling industry, considering how manufacturing, shipping, and even harvesting jobs were greatly affected. Luckily, people still love cycling just like they love Best Online Casinos – the hobby will continue to exist and bring joy to people. So, let’s take a deeper dive into the cycling industry predictions for 2021, and figure out what we can expect.  

Supply Shortage

In the event that you were planning on getting a brand new bike or simply new parts, you should brace yourself for an unpleasant surprise. The industry as a whole has suffered a major disruption in the supply chain, and a lot of brands canceled their orders due to wide uncertainty. However, the demand for bikes did not go down, since people really needed some outdoor activity. 

The problem is that factories could not meet that demand as workers were forced to go home, and when they returned there was a massive backlog filled with orders. So, everything will be delayed for some time, which means you should order things as soon as possible, considering a massive delay in delivery. Furthermore, worldwide delivery is also overburdened, so you are likely to wait for months before you get your order.  

Lack of New Models  

Due to the factors mentioned in the previous section, the production of new bikes will also be delayed. The products are usually launched every 2 or 3 years because the new bike models also need to be tested. So every new model that was conceived during 2018 and 2019 was set to be released in either 2020 or 2021. Since all of that was delayed, we are likely to see those models in the year 2022. That being said, maybe there were models that the brand already tested as they started working on them during 2017. If that is the case we might see a limited number of new models in the year 2021. 

What About Domestic Brands? 

Not all of the brands manufacture their bikes overseas, so you might think that they won’t be affected by the delay. This, unfortunately, isn’t true. In order to produce the parts they still need raw materials, and since those are often imported, the delay will affect them as well. In the event that a certain country is manufacturing bike parts using domestic raw materials then they will be less affected by the whole situation.  

Brexit

Another complication that is looming on the horizon is Brexit, as we are yet to see how it will affect sales. Many brands are likely to wait and see how the situation develops before they reach a decision on bringing their product to a particular market. There might be new rules and regulations in place which could complicate things so everyone is still cautious about it.

Category: Cycling
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