Demand will remain high, supply low at Minnesota bike shops in 2021

Interest in biking grew in 2020 thanks for the COVID-19 pandemic.
Author:
Publish date:

The COVID-19 pandemic resulted in record numbers of people taking an interest in biking, and Minnesota bike shops are continuing to feel the effects.

Erik’s Bike Board Ski, which operates stores throughout the Midwest with locations in Minnesota and Wisconsin, recently advised customers to buy their bikes early this year. Erik’s anticipates inventory of bikes and bike parts will remain tight this year, even with weekly shipments.

The store also recommends pre-ordering items if they are not in stock. Pre-orders will arrive within 60-150 days.

"Bike sales definitely took off, I would say April into May last season — and really never let off," Erik’s Bike Board Ski regional manager Chris Rogers recently told MPR.

The tight supply comes as the market for bikes, parts and accessories has grown nationwide in the past year, with the shutdowns of 2020 encouraging more people to take up the outdoor pursuit.

According to market researcher NPD Group, April sales were up 75% in 2020 compared to the previous year, reaching $1 billion. April sales are usually between $550 and $575 million.

In fact, 2020 was likely the biggest year for biking in the U.S. since 1973, according to the Union Cycliste Internationale. Ridership on pavement, on dirt, at parks and other categories was up by 20% or more, per a UCI June report.

With ridership soaring, cities like Minneapolis also took steps to make room for the influx of bikes. Last spring, Minneapolis closed parkways to cars to allow walkers and cyclists more room to spread out. 

In its Monday newsletter, Axios noted that the bike supply shortage is likely to hit mom-and-pop retailers harder than the major chains like Target, Walmart, and Dick's Sporting Goods, which are at the "front of the line" for inventory.

What's more, the impact of the pandemic on the supply chain is likely to mean consumers are paying 30% more for bikes than they would have done 18 months ago.

Follow Bring Me The News on News Break

Next Up

Rocco Baldelli

Twins-Angels postponed Saturday and Sunday due to COVID

Outfielder Kyle Garlick and one other player tested positive on Saturday.

51116674647_a9a72eac98_k

Curfew set at 11 p.m. in Brooklyn Center, Champlin Saturday

More protests are expected in Brooklyn Center.

Image from iOS (1)

Victim killed in multi-vehicle crash that closed Hwy. 62 ID'd as woman, 23

The four-vehicle crash closed the eastbound highway for several hours.

protest, Daunte Wright, Brooklyn Center

Photographer reports being maced and punched by police, other journalists detained

It came just hours after a court order prevented law enforcement from using force against the news media.

51119874206_73072b910b_k

Police move in swiftly to make arrests on 6th night of Daunte Wright protests

What started out peaceful took a turn as the night drew in.

Michelle missing outing

Man pleads guilty in 2019 murder of Outing woman

Joshua Emil Karjala's sentencing is set for June.

Related

firewood bike coop

Popular Grand Marais bike shop closing for good

Bike shops saw a boost from the pandemic, but it left some without access to inventory.

Screen Shot 2019-08-14 at 12.00.42 PM

Dinkytown bike shop to close for good next month

The owner of Varsity Bike blamed a changing retailer environment, both online and in Minneapolis.

tour de tonka

Annual Tour de Tonka bike ride is going virtual this year

"We simply cannot overcome the realities of COVID-19 fast enough for TDT to take place in 2020," event organizers said.

e-bike

Nice Ride wants to scrap dockless bikes, replace with e-bikes

The bike-share company has submitted its plans for 2020 in Minneapolis.

minnesota state fair

Planning for the 2021 Minnesota State Fair is underway

The fair suffered huge financial losses due to COVID-19, but organizers are moving forward with planning "different scenarios" for this summer.

Screen Shot 2020-12-14 at 12.40.05 PM

Twin Cities Auto Show announces 'The Neighborhoods' theme for 2021

The show will take place at the Minnesota State Fairgrounds this year to make the event more COVID-friendly.

Scales

Minnesota's obesity rate unchanged between 2018 and 2019

There is extra concern over obesity amid the COVID-19 pandemic.

target

Target will close stores on Thanksgiving Day 2021 after great sales in 2020

The retailer saw "tremendous grow" in its Drive Up, Order Pickup and same-day delivery services.