[vc_row full_width=”stretch_row_content_no_spaces” bg_type=”bg_color” ult_hide_row=”ult_hide_row_value” ult_hide_row_tablet=”tablet” ult_hide_row_tablet_small=”xs_tablet” ult_hide_row_mobile=”mobile” ult_hide_row_mobile_large=”xl_mobile” bg_color_value=”#a0bb28″][vc_column css=”.vc_custom_1584121803127{padding-top: 0px !important;padding-bottom: 0px !important;}”][vc_custom_heading text=”Reports & Insights” font_container=”tag:h5|text_align:center|color:%23ffffff” use_theme_fonts=”yes” css=”.vc_custom_1585929532362{padding-top: 80px !important;}”][vc_custom_heading source=”post_title” font_container=”tag:h1|text_align:center” use_theme_fonts=”yes” css=”.vc_custom_1585237383230{padding-top: 20px !important;padding-bottom: 50px !important;}”][/vc_column][/vc_row][vc_row full_width=”stretch_row_content_no_spaces” bg_type=”image” parallax_style=”vcpb-default” bg_image_new=”id^3284|url^https://www.sportinginsights.com/wp-content/uploads/2019/12/news-main-green-bac.jpg|caption^null|alt^null|title^news-main-green-bac|description^null” bg_image_repeat=”repeat-x” bg_image_size=”initial” ult_hide_row=”ult_hide_row_value” ult_hide_row_tablet=”tablet” ult_hide_row_tablet_small=”xs_tablet” ult_hide_row_mobile=”mobile” ult_hide_row_mobile_large=”xl_mobile”][vc_column css=”.vc_custom_1584121803127{padding-top: 0px !important;padding-bottom: 0px !important;}”][vc_single_image image=”4639″ img_size=”full” alignment=”center”][/vc_column][/vc_row][vc_row full_width=”stretch_row_content_no_spaces” bg_type=”bg_color” ult_hide_row=”ult_hide_row_value” ult_hide_row_large_screen=”large_screen” ult_hide_row_desktop=”desktop” css=”.vc_custom_1584120950502{margin-top: -35px !important;}”][vc_column][vc_custom_heading source=”post_title” font_container=”tag:h1|text_align:center” use_theme_fonts=”yes” css=”.vc_custom_1584985812282{padding-top: 50px !important;padding-bottom: 50px !important;background-color: #a0bb28 !important;}”][/vc_column][/vc_row][vc_row css=”.vc_custom_1585929565728{border-bottom-width: 1px !important;border-bottom-color: #a3a3a3 !important;border-bottom-style: solid !important;border-radius: 1px !important;}”][vc_column css=”.vc_custom_1584121886892{padding-top: 0px !important;}”][vc_row_inner][vc_column_inner width=”5/6″]
[/vc_column_inner][vc_column_inner width=”1/6″][vc_column_text]Reports & Insights[/vc_column_text][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row gap=”35″][vc_column width=”2/3″][vc_column_text]A research series conducted by Sports Marketing Surveys and Human Powered Solutions will map the impact of the Coronavirus on reshaping bike buying habits in the USA and predict what supply and demand trends the industry can expect next.
A three-wave consumer research project will now progress with SMS working alongside the founders of Human Powered Solutions and veterans of mapping the U.S. market, Jay Townley and Brad Hughes. Together the team is well placed to compare this exciting period against prior ‘booms’.
“We are including the probable waves of economic stimulus affecting American consumer bicycle buying and use between the second quarter of 2020 and the second quarter of 2021. The focus of the three waves of the study is to determine the actual attitudes and intentions of consumers either actively participating or returning to cycling relative to new bicycles, used bicycles and e-Bikes, bike share usage and indoor cycling,” said Brad Hughes, Managing Director and a founding partner of Human Powered Solutions.
Jay Townley, Resident Futurist for Human Powered Solutions added: “Right now some bicycle industry executives and managers are predicting a second bike boom as sales of new and used bicycles, e-Bikes and indoor trainers are off the charts and demand for service work is at all-time highs. With more Americans riding bicycles some cities have turned streets over to bicycling and walking only.
“However, retail inventories are being depleted and the supply chain is essentially disrupted. There is a high probability that new bicycles will be in short supply and many models and brands will be out of stock for an extended period,” Townley said.
There is caution in the industry that should things return to ‘normal’, that the demand will once again fall quickly behind supply and that boom time ordering could therefore prove flawed. The bike industry is now moving its weight behind campaigns to retain temporary safe cycling infrastructure and fund new and permanent lanes in a bid to keep active travel appealing to new cyclists.
There are numerous other factors at play too, namely the weather, people returning to work that were cycling for leisure purposes and an anticipated spike in the second hand market as interest tapers off and cycling conditions deteriorate once more.
“Providing guidance and understanding consumer response to this and related questions is what this three part study of end users is all about – to bring the facts about what the American consumer intends to buy, how much they intend to spend and how they intend to use the bicycles they acquire, new, used, rented or shared!” said Keith Storey, President of Sports Marketing Surveys USA, the research company that will be conducting the three waves of consumer research and writing the reports.
The research pairing would normally price such data at around $100,000 for the report – but by committing to a subscription that includes all three waves of research, brands and companies can obtain the findings for a total cost of $10,489, we’re told.
The research programme will launch in Summer 2020 depending on client sign up.
Enquiries can be made via www.humanpoweredsolutions.com, or by calling Brad Hughes on (US) 805-901-9772.
This article is reproduced from Cycling Industry News[/vc_column_text][/vc_column][vc_column width=”1/3″][vc_custom_heading text=”“The new research will provide the facts about what the American consumer intends to buy, how much they intend to spend and how they intend to use the bicycles they acquire, new, used, rented or shared.“” font_container=”tag:h2|text_align:right|color:%23a0bb28″ use_theme_fonts=”yes”][/vc_column][/vc_row][vc_row full_width=”stretch_row” bg_type=”bg_color” ult_hide_row=”ult_hide_row_value” ult_hide_row_tablet=”tablet” ult_hide_row_tablet_small=”xs_tablet” ult_hide_row_mobile=”mobile” ult_hide_row_mobile_large=”xl_mobile” css=”.vc_custom_1584985850206{padding-top: 50px !important;padding-bottom: 80px !important;}”][vc_column][vc_custom_heading text=”More News Articles” font_container=”tag:h2|text_align:center” use_theme_fonts=”yes” css=”.vc_custom_1584984840576{margin-bottom: 50px !important;}”][vc_row_inner equal_height=”yes” gap=”20″][vc_column_inner width=”1/2″ css=”.vc_custom_1584985747534{margin-right: 50px !important;margin-left: 0px !important;padding-top: 80px !important;padding-bottom: 50px !important;padding-left: 0px !important;background-color: #f1f1f3 !important;}”]
[/vc_column_inner][vc_column_inner width=”1/2″ css=”.vc_custom_1584985698852{margin-right: 50px !important;margin-left: 0px !important;padding-top: 80px !important;padding-bottom: 50px !important;padding-left: 0px !important;background-color: #f1f1f3 !important;}”][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row full_width=”stretch_row” bg_type=”bg_color” ult_hide_row=”ult_hide_row_value” ult_hide_row_large_screen=”large_screen” ult_hide_row_desktop=”desktop” css=”.vc_custom_1584985867190{padding-top: 50px !important;padding-bottom: 80px !important;}”][vc_column][vc_custom_heading text=”More News Articles” font_container=”tag:h2|text_align:center” use_theme_fonts=”yes” css=”.vc_custom_1584984840576{margin-bottom: 50px !important;}”][vc_row_inner equal_height=”yes” gap=”20″][vc_column_inner css=”.vc_custom_1584985879533{margin-right: 0px !important;margin-left: 0px !important;padding-top: 20px !important;padding-bottom: 30px !important;padding-left: 0px !important;background-color: #f1f1f3 !important;}”][vc_empty_space css=”.vc_custom_1584985918509{background-color: #ffffff !important;}”][/vc_column_inner][/vc_row_inner][/vc_column][/vc_row][vc_row full_width=”stretch_row” bg_type=”bg_color” bg_color_value=”#141235″ css=”.vc_custom_1583772993788{padding-top: 30px !important;padding-bottom: 40px !important;}”][vc_column width=”4/6″][ultimate_dual_color dual_before_txt=”Looking for extensive insight and strategic solutions for your organisation?” dual_high_txt=”We can help.” dual_color_align=”left” heading_tag=”h2″ dual_ba_color=”#ffffff” dual_high_color=”#feca31″][/vc_column][vc_column width=”1/6″ css=”.vc_custom_1583772953570{margin-top: 30px !important;}”][vc_single_image image=”2460″ img_size=”full” alignment=”center”][/vc_column][vc_column width=”1/6″ css=”.vc_custom_1583772958281{margin-top: 30px !important;}”][/vc_column][/vc_row]
