Anyone in the market for a bicycle this spring best be forewarned: Demand is strong and supply is tight — a trend that began as the COVID-19 pandemic took hold last year.
Bike sales surged in 2020 as cycling proved to be the perfect socially distanced outdoor activity, and as gyms and health clubs shut down while the virus raged.
This year, the story is much the same.
"It's pretty wild," said Erik Saltvold, owner of Erik's Bike Shop Inc., a Minneapolis-based chain of 30 stores throughout the Midwest. "Demand definitely hasn't slowed down, especially since early-season warm weather has accelerated it."
Bike sales in the United States increased 69% in 2020 compared with the previous year, with electric bike sales surging 147% in the same period, according to the NPD Group, a Port Washington, N.Y.-based research firm.
Most bikes sold in the United States are made in Asia, where sluggish production persisted as some manufacturing plants shut down because of COVID and shipping schedules often proved unpredictable.
"We have product that's sitting offshore," Saltvold said. "Then once the product gets here, there's a shortage of trucks to bring it here because not as many people are available to work due to COVID."
Heather Mason, president of the National Bicycle Dealers Association, predicted the bike supply will remain constrained through 2023. "It's like one thing on top of another," she said.