Thursday, May 10, 2007

Cycling Media by some numbers

What is the size of the US cycling market. Here's the results of some googling:

Number of USCF license holders as of 1997: 30,000

USA cycling currently claims 58,000 members on its web site:

Recognized by the U.S. Olympic Committee and the Union Cycliste Internationale, USA Cycling promotes American cycling through its 58,000 members and 2,000 annual events.

Bicycling magazine claimed a circulation of 340,000 in 1989:

James McCullagh, editor and publisher of Bicycling, said the acquisition would increase his magazine's circulation to at least 340,000, from 310,000, after eliminating duplicate subscribers.

I've also seen circulation stats of 400,000 (Sports Illustrated is about 3.2M, Golf Digest is 1.5M)

AMERICANS BUY BIKES

More than 20 million new bikes were sold in 2000, a record high. Throughout the 1990s, sales averaged more than 16 million bikes per year, including more than 11 million “adult” bicycles. The bicycle industry generated sales totaling $5.89 billion in 2000. More than 5,400 specialty bicycle dealers and 1,000 companies are involved in the manufacture, distribution, and sales of bicycles in the United States.

How many hard-core fans of the sport are out there in the USA?

My wild-ass-guess is that it's far short of the 300,000 numbers of Bicycling magazine. Maybe on the order of the USCF membership, somewhere between 30-50,000. A total WAG at how much cash the hardcore cyclists invest in their equipment each year. Assume the average is $1000, and the population is divided up into a normal distribution.

30000 Hard Core US Cyclists
3930 Spend 0-500 per year $982,500
10230 Spend 500-1000 per year $7,672,500
10230 spend 1000-1500 per year $12,787,500
3930 spend 1500-2000 per year $6,877,500
Total $28,320,000

Some sanity checks on dollar figures above: So if the high end folks buy a higher end machine @ $5K a pop only 1200 are sold a year? That seems way low!

Holy Shit

Armstrong's seven Tour de France victories between 1999 and 2005 added jet fuel to the bike boom. In 2000 there were 145,000 high-end road bikes -- averaging about $1,100 -- sold across the country, they made up just 4 percent of the total number of bikes sold and accounted for 11 percent of the retail dollars spent, according to Jay Townley, a bicycle market analyst in Wisconsin.

Dayum, that's $159M clams if 145,000 can be believed.

VS 2006 Tour de France Ratings
Live viewership improved 77 percent from the day before. Overall gross total viewers--the addition of OLN's multiple airings on the day's events--gave the network 1.3 million viewers, some 50 percent higher than the first 19-day average of 809,000 for the event. For the rest of the weekend, OLN made significant viewers gains versus earlier parts of the race. For example, its live telecasts on the final weekend rose 85 percent to 622,000 from the weekend before. All major male demo ratings also climbed significantly--men ages 18-34 were up 93 percent; men 18-49 rose 90 percent; and men 25-54 were 98 percent higher.