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NAICS Code 532284-01 Description (8-Digit)

Bicycles-Renting is a subdivision of the Recreational Goods Rental industry that involves the renting of bicycles to individuals or groups for recreational purposes. This industry provides a convenient and affordable way for people to explore new areas, exercise, and enjoy the outdoors without the need to purchase and maintain their own bicycles. Bicycles-Renting companies typically offer a variety of bicycle types, including road bikes, mountain bikes, hybrid bikes, and electric bikes, to cater to the diverse needs of their customers.

Hierarchy Navigation for NAICS Code 532284-01

Parent Code (less specific)

Tools

Tools commonly used in the Bicycles-Renting industry for day-to-day tasks and operations.

  • Bicycle pumps
  • Repair kits
  • Locks
  • Helmets
  • Lights
  • Trail maps
  • GPS devices
  • Bike racks
  • Trailers
  • Child seats

Industry Examples of Bicycles-Renting

Common products and services typical of NAICS Code 532284-01, illustrating the main business activities and contributions to the market.

  • City bike rentals
  • Mountain bike rentals
  • Electric bike rentals
  • Guided bike tours
  • Beach cruiser rentals
  • Tandem bike rentals
  • Bike rentals for events
  • Bike rentals for college campuses
  • Bike rentals for national parks
  • Bike rentals for hotels and resorts

Certifications, Compliance and Licenses for NAICS Code 532284-01 - Bicycles-Renting

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

  • Bicycle Rental License: A license required by some states in the US to operate a bicycle rental business. The requirements for this license vary by state, but generally include proof of liability insurance, a business license, and compliance with safety regulations. The license is issued by the state's Department of Transportation or similar agency. No link available.
  • National Bicycle Dealers Association (NBDA) Certification: A certification program offered by the NBDA that provides training and certification for bicycle mechanics. The program covers topics such as bicycle repair, maintenance, and safety. Certification is available at three levels: Bronze, Silver, and Gold.
  • League Of American Bicyclists (LAB) Bicycle Friendly Business Program: A program that recognizes businesses that are bicycle-friendly and support cycling as a means of transportation. The program provides resources and guidance for businesses to become more bicycle-friendly, and offers four levels of recognition: Bronze, Silver, Gold, and Platinum.
  • Occupational Safety and Health Administration (OSHA) Regulations: OSHA regulations require employers to provide a safe workplace for their employees, including those who work in the bicycle rental industry. Employers must comply with regulations related to workplace safety, including those related to hazardous materials, personal protective equipment, and emergency procedures.
  • Americans with Disabilities Act (ADA) Compliance: The ADA requires businesses to provide equal access to their services for individuals with disabilities. Bicycle rental businesses must ensure that their facilities and services are accessible to individuals with disabilities, including those who use wheelchairs or other mobility devices.

History

A concise historical narrative of NAICS Code 532284-01 covering global milestones and recent developments within the United States.

  • The Bicycles-Renting industry has a long history dating back to the 1960s when the first bike-sharing program was launched in Amsterdam. The program was designed to provide affordable transportation to residents and reduce traffic congestion. In the 1990s, the industry saw significant growth in Europe, with the introduction of automated bike-sharing systems. The first automated system was launched in Copenhagen in 1995, and by 2010, there were over 100 automated bike-sharing systems in operation worldwide. In recent years, the industry has seen significant growth in the United States, with the introduction of dockless bike-sharing systems. These systems allow users to rent bikes using a smartphone app and leave them anywhere within a designated area. The first dockless bike-sharing system was launched in Washington, D.C. in 2017, and by 2018, there were over 40 dockless bike-sharing systems in operation in the United States.

Future Outlook for Bicycles-Renting

The anticipated future trajectory of the NAICS 532284-01 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

  • Growth Prediction: Growing

    The future outlook for the Bicycles-Renting industry in the USA is positive. The industry is expected to grow due to the increasing popularity of cycling as a form of exercise and transportation. The COVID-19 pandemic has also contributed to the growth of the industry as people are looking for outdoor activities that allow for social distancing. The rise of e-bikes is also expected to drive growth in the industry as they make cycling more accessible to a wider range of people. However, the industry may face challenges such as increased competition and regulatory issues related to safety and liability.

Industry Innovations for NAICS Code 532284-01

Recent groundbreaking advancements and milestones in the Bicycles-Renting industry, reflecting notable innovations that have reshaped its landscape.

  • Bike-Sharing Programs: Bike-sharing programs have become increasingly popular in urban areas, allowing people to rent bikes for short periods of time and return them to designated locations. This has made cycling more accessible to people who do not own their own bikes.
  • Electric Bikes: Electric bikes, or e-bikes, have become more popular in recent years, providing an alternative to traditional bikes for people who may not be able to ride long distances or up hills. E-bikes are also more environmentally friendly than cars and can be used for commuting or leisure.
  • Mobile Bike Rental Services: Some companies are now offering mobile bike rental services, where bikes are delivered directly to customers' homes or hotels. This makes it more convenient for people to rent bikes and encourages them to explore new areas.
  • Bike Fitting Technology: Some bike rental companies are now using technology to ensure that customers are fitted with the right size bike for their body. This can improve the customer experience and reduce the risk of injury.
  • Bike Tours: Some bike rental companies are now offering guided bike tours, which can be a fun and educational way to explore new areas. These tours can be customized to suit different interests and fitness levels.

NAICS Code 532284-01 - Bicycles-Renting

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