Sizzling on the heels of The Professional’s Closet closing its doorways, Buycycle is launching a brand new place to purchase and promote bike elements. They are saying this can be a transfer to “fill a spot within the second-hand biking market”.
Buycycle already serves as a discussion board to purchase and promote over 25,000 bikes. The choice to develop into bike elements, they are saying, comes at a strategic time as the worldwide demand for bicycle elements is booming.
Based on Buycycle, “current studies” state that the worldwide bike elements market is projected to succeed in $12.35 billion. And it’ll achieve this by the top of 2024. After which it’s purported to “practically double to $23.7 billion by 2034”.
This supposed rise in demand for sustainable, inexpensive, and upgraded biking options provides Buycycle a singular alternative to succeed in a broader viewers.
What’s For Sale
Launching the brand new elements market in each Europe and the US will occur on the similar time. When buying elements, Buycycle will provide the identical shopping for safety they at present provide for his or her bike purchases.
The Bike Components Purchaser Safety Plan will cowl points resembling transport damages, and discrepancies between listed and obtained objects. Notably, Buycycle states there will likely be no price to sellers to make use of the Buycycle platform.
What Buycycle Says…
With elements in thoughts for fairly a while now, Buycycle’s Co-Founder and CEO, Theodor Golditchuk, says this concerning the growth, “Launching a element market is a pure step for buycycle. We’ve persistently heard from our neighborhood that there’s a necessity for inexpensive, high quality elements. By integrating this into our platform, we’re making it simpler for cyclists to improve or modify their bikes with out breaking the financial institution. This transfer is grounded in buyer suggestions and powerful market demand“.
Based in 2021 by biking lovers, Buycyle has a purpose of making a trusted platform for the worldwide biking neighborhood to purchase and promote pre-owned bikes simply. {The marketplace} is alleged to assist cyclists discover nice bikes at a fraction of the unique price.
Increasing {the marketplace} to incorporate pre-owned bike elements appears to be a pure transfer ahead of their mission to broaden the corporate’s presence.
