The world’s bicycle industry is a tough sell.
The average price of a bike in the US fell 5% in March from a year earlier, as more people opted for electric and hybrid bikes instead.
But as the cycle share market continues to grow, there is a growing fear that manufacturers are getting ahead of themselves and that consumers will buy only electric bikes.
As such, there are more than 60 bike companies in the United States and in Europe, according to the US-based Bicycle Retailers Association.
While it may seem like a simple decision to make, the fact is that a large part of the cycle-share market is now dominated by small and medium-sized companies.
The BRS says the number of companies has increased from 10 in 2011 to more than 40 now.
There are also several hundred online companies, including bike shops, bike rental firms, bike clubs, and bike rental bikes.
But in the face of increasing demand, bike companies are also struggling to keep up with demand.
“When people have access to the internet, they can buy things online,” says Andrew Leach, chief executive of BRS.
“There’s a lot of growth potential there.
But we are also in a period of uncertainty about the cycle sharing market, which is why it’s very difficult to predict what will happen in the future.”
This uncertainty is one reason why some bike retailers have begun to sell off their inventory, or have been sold off.
In December, American bike retailer Cycle World bought Outpost, a bike sharing company based in Virginia.
The move meant that Cycle World was able to sell the inventory, which was worth around $4.3 million.
Cycle World’s inventory includes many bike models, including the brand new electric and electric hybrid bikes that have become popular in Europe and the US.
But Cycle World has also sold off many bikes, including a couple of models that had previously been sold by Bike World.
The new cycle share companies also offer some more conventional bikes, such as those designed to go for less than $400, which are more expensive to buy and sell online.
Cycle Nation, a company that makes a range of electric and conventional bikes that come in various sizes and styles, is one of the most successful cycle shops in the country.
The company, which sells about 40 bikes a week, says it is struggling to stay afloat financially.
“The majority of our business is spent on rent, food and maintenance,” says chief executive David Hallett.
“We have to get the bikes back in the shop.
We are not a retail chain.”
In the past, the company has sold some of its bikes to bike sharing companies, but not all of its inventory has been used to make those bikes.
So the company is selling its bikes online and by renting them from bike sharing firms.
“It’s a little bit of a struggle for us,” says Halletti.
“But the bikes are very popular.”
In January, Cycle Nation bought the online bike rental service Green Bikes for about $500,000, but it says it will still have to sell its inventory in order to survive.
It also announced that it would be closing its shop in early March, to make room for a new location.
Cycle Nations biggest problem with selling its inventory online is that it’s not a very secure way to store bikes, says Hillett.
The bike store can’t make sure that its inventory is secure, because bikes are typically returned at the end of the day, and sometimes at the last minute.
So while the bikes can be sold at a discount, it may not be as cheap as it should be.
“Our main concern is that people have an incentive to try to get these bikes online before they buy them,” Halleett says.
“If people are not confident in their ability to use the bike, then it may be cheaper to rent them out online.”
And that’s where Cycle Nation’s problems come into play.
Leach says that his company, too, has been struggling to meet demand for bikes.
“For us, the biggest thing we are trying to do is make sure our inventory is safe,” he says.
It has made some investments in its bike storage, though it has not yet made any new hires to help keep the business running.
“You’re going to have to rely on a lot more people to maintain the inventory,” says Leach.
CycleNation’s inventory was purchased in December, so it will be difficult to find it again.
For now, CycleNation is looking to get more bikes in its shop.
Leache says he will start selling his inventory online in February.
He has also opened up a bicycle repair shop in an area of Fairfax County where Cycle Nations inventory was stored.
And he is planning to launch a bike-sharing business in Fairfax County.
But he says that will not be enough to cover his costs and to keep his business afloat.
Leacys business plan for Cycle Nation was