7 Bicycle Manufacturer Success Stories [2024]

Pat Walls

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Updated: November 19th, 2023

Become A Bicycle Manufacturer

The global bicycle market will reach a CAGR of 8.2% in the next decade. Leisure needs, government initiatives, and increasing health consciousness among all ages are reasons bicycles have become a popular transportation method. Experts expect that that industry will continue growing at a significant rate globally.

Starting a bicycle manufacturing business can be rewarding and profitable. To start a bicycle business, consider your target market and research the competition. Narrow down the niche, create a website, and market your business.

Here are some real life success stories of starting a bicycle manufacturer:

1. Yuba Cargo Bikes ($12M/year)

Ben Sarrazin, Founder and CEO of the Yuba Group, came up with the idea for his load-carrying bicycle business after witnessing how bikes could improve the lives of small businesses and families in remote areas. Despite having little money and no industry experience, Sarrazin invested everything he had into Yuba Bicycles and has since built a $15M company that has put over 50,000 cargo bicycles on the road.

How much they make: $12M/year
How much did it cost to start: $6K
Current team size: 30

How I Turned My Love For Bikes Into A $12M/Year Electric Cargo Bike Business

Yuba Group has pioneered the field of an entirely new segment in the cargo bicycle industry, with a 15-year-old company that has put over 50,000 cargo bicycles on the road, becoming a $15M company.

About

Ben started Yuba Cargo Bikes over 17 years ago

Revenue

Ben grew the business to $1M/month

Costs

It cost Ben $6000 to start the business

Read this case study

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Becoming A Bicycle Manufacturer: Everything You Need To Know

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So... can you actually make money with a bicycle manufacturer?

Of course. There are millions to be made in this industry.

But how?

Research real, profitable businesses and see exactly how much money they make.
Study exactly what works, and what doesn’t.
Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

Start Now

4. Specialized Bicycle Components USA

From seasoned pros and weekend warriors, to kids and commuters—if you ride, we’re for you. We believe bikes have the power to change lives. This simple truth drives us to be—and do—better.

Where they're located: La Cautiva, Córdoba, Argentina
Website traffic: 4.19M/month

5. Giant Bicycles

Giant Bicycles' official site provides Giant's latest bikes, accessories, news, promotion, event, pro cycling team and where to find bicycle dealers near you.

Where they're located: La Cautiva, Córdoba, Argentina
Website traffic: 3.07M/month

So... can you actually make money with a bicycle manufacturer?

Of course. There are millions to be made in this industry.

But how?

Research real, profitable businesses and see exactly how much money they make.
Study exactly what works, and what doesn’t.
Take action, because now you have the roadmap.

Join Starter Story and build your next big thing:

Start Now

7. NORCO

Rider-first mountain bikes. Designed and tested in the backwoods of British Columbia.

Website traffic: 470K/month