Industry · municipality
Bicycle Store in Kristiansand: An Industry Analysis
Data, trends, and opportunities for entrepreneurs and local decision-makers in Kristiansand, Agder county, Norway
Brief Industry Overview
Bicycle store is a small but dynamic industry in Kristiansand. With 3 companies registered in the municipality and an annual revenue of over NOK 7.8 million, data shows a certain level of stability. The only active company, Sykkelguttane As, has demonstrated strong financial results with 52% revenue growth and an EBITDA margin of 28%. At the same time, the industry has been marked by variations in the number of employees and revenue over the years, which may indicate both challenges and opportunities for new players.
Economic Trends
Revenue:
- 2016: NOK 1.9M
- 2017: NOK 4.9M (+152.4 %)
- 2018: NOK 10.6M (+114.8 %)
- 2019: NOK 11.3M (+7.3 %)
- 2020: NOK 12.6M (+11.2 %)
- 2021: NOK 10.9M (-13.7 %)
- 2022: NOK 10.6M (-2.6 %)
- 2023: NOK 8.1M (-23.4 %)
- 2024: NOK 7.8M (-4.4 %)
- 2025: NOK 7.8M (0.0 %)
Number of Employees:
- 2016: 2
- 2017: 4 (+100.0 %)
- 2018: 8 (+100.0 %)
- 2019: 7 (-12.5 %)
- 2020: 4 (-42.9 %)
- 2021: 4 (0.0 %)
- 2022: 4 (0.0 %)
- 2023: 4 (0.0 %)
- 2024: 3 (-25.0 %)
- 2025: 4 (+33.3 %)
- 2026: 4 (0.0 %)
The industry experienced strong growth from 2016 to 2018, but has since experienced a decline, especially from 2020 onward. The only active company, however, has shown strong results in 2024 with revenue of NOK 7.8 million and an EBITDA of NOK 3.4 million.
Companies in the Industry
Registered Companies
- Sykkelguttane As (Skippergata 51, Kristiansand)
- Organizational form: AS
- Founded: 2017-05-08
- Number of employees: 5
- Revenue: NOK 7.8M
- EBITDA: NOK 3.4M
- EBITDA margin: 28 %
- Ravine Sykler As (Kartheia 5, Kristiansand)
- Organizational form: AS
- Founded: 2026-05-16
- Number of employees: 0
- Revenue: NOK 0
- Sykkelproffen Håvard A Sefland (Hestehovstien 62, Kristiansand)
- Organizational form: ENK
- Founded: 2010-12-18
- Number of employees: 0
- Revenue: NOK 0
Organizational Forms
- AS: 1 company, 5 employees, NOK 7.8M revenue, NOK 3.4M EBITDA
- ENK: 1 company, 0 employees, NOK 0 revenue
Geographic Distribution
Distribution of Activity
All 3 companies in the industry are registered in Kristiansand. There is no activity registered in other city districts or municipalities in Agder county. This indicates that the industry is concentrated in the municipality's center, which can be an advantage for new players looking to establish themselves in an already established market.
Operational Efficiency and Bankruptcies
Operational Efficiency and Bankruptcy Statistics
None of the registered companies in the industry have been in bankruptcy, which shows a certain level of stability. Sykkelguttane As has demonstrated strong financial results with an EBITDA margin of 28% and a revenue growth of 52% in 2024. However, there is a clear decline in the number of employees from 2020 onward, which may be a challenge for future companies in the industry.
Outlook for New Players
The industry shows a mix of stability and challenges. With a single active company, Sykkelguttane As, which has demonstrated strong financial results, it may be possible to establish oneself in Kristiansand. However, it is important to be aware of the declining trends in the number of employees and revenue after 2020. New players should consider entering a market with a certain level of competitiveness, but also with potential challenges related to operational economics and market share.
Outlook in the Business Supplier Sector
Comparison with the Business Supplier Sector
The business supplier sector in Kristiansand is much larger than the bicycle store industry, with 76 companies compared to 3 in the bicycle store industry. Economic trends show that the business supplier sector has had a more stable development, with revenue of over NOK 593 million in 2016 and a decline to NOK 259.9 million in 2025. At the same time, the sector has been marked by variations in the number of employees, with a maximum of 421 employees in 2018 and a decline to 269 employees in 2025.
Peer Companies in the Business Supplier Sector
| Name | Address | Revenue | Number of Employees | EBITDA |
|---|---|---|---|---|
| Kristiansand Båtutstyr As | Barstølveien 31, 4636 Kristiansand | NOK 13.6M | 10 | NOK 1.5M |
| Løplabbet As Avd Kristiansand | Markens gate 17, 4611 Kristiansand | NOK 9.8M | 10 | NOK 1.5M |
| G Nordby Cycle & Maskinforretning As | Henrik Wergelands gate 11, 4612 Kristiansand | NOK 17.3M | 11 | NOK 1.3M |
| Kristiansand Sykkelsenter As | Grim torv 3, 4616 Kristiansand | NOK 15.5M | 6 | NOK 989.0K |
| Sportsprofil Norge As | Industrigata 22, 4632 Kristiansand | NOK 10.7M | 14 | NOK 875.0K |
The business supplier sector has a broader variation in company size and revenue, which can provide opportunities for collaboration or development of specialized services. The bicycle store industry, with its focus on bicycles and related services, can have a unique position in this sector, but must compete with a wide range of players.
Other companies in forretningsleverandør (not in bicycle store)
| Company | Industry | Address | Sales | Employees | EBITDA |
|---|---|---|---|---|---|
| Kristiansand Båtutstyr As | boat equipment store | Barstølveien 31, 4636 Kristiansand | NOK 13.6M | 10 | NOK 1.5M |
| Løplabbet As Avd Kristiansand | sport equipment store | Markens gate 17, 4611 Kristiansand | NOK 9.8M | 10 | NOK 1.5M |
| G Nordby Cycle & Maskinforretning As | sport equipment store | Henrik Wergelands gate 11, 4612 Kristiansand | NOK 17.3M | 11 | NOK 1.3M |
| Kristiansand Sykkelsenter As | sport equipment store | Grim torv 3, 4616 Kristiansand | NOK 15.5M | 6 | NOK 989.0K |
| Sportsprofil Norge As | sport equipment store | Industrigata 22, 4632 Kristiansand | NOK 10.7M | 14 | NOK 875.0K |
| Sjøsport Service As | boat equipment store | Nodeviga 14, 4610 Kristiansand | NOK 36.7M | 11 | NOK 728.0K |
| Vågsbygd Sport As | sport equipment store | Kirsten Flagstads Vei 30/32, 4621 Kristiansand | NOK 17.7M | 8 | NOK 547.0K |
| Amjf Holding As | boat equipment store | c/o Arild Nesheim|Kornblomstveien 32, 4634 Kristiansand | NOK 500.0K | 0 | NOK 491.0K |
| Rsn As | sport equipment store | Skippergata 5A, 4611 Kristiansand | NOK 4.5M | 4 | NOK 446.0K |
| Falco Boats As | boat equipment store | Loneveien 410, 4642 Søgne | NOK 222.0K | 0 | NOK 220.0K |
| Digifriend As | sport equipment store | Rigetjønnveien 3, 4626 Kristiansand | NOK 1.2M | 0 | NOK 219.0K |
| Digifriend As | sport equipment store | Rigetjønnveien 3, 4626 Kristiansand | NOK 1.2M | 0 | NOK 219.0K |
| Norsk Internett Affiliate As | sport equipment store | Banehaven 6, 4612 Kristiansand | NOK 50.0K | 0 | NOK 160.0K |
| Navigare Båt & Fritid As | boat equipment store | Elvegata 2A, 4608 Kristiansand | NOK 11.1M | 5 | NOK 158.0K |
| Skog Og Varme As | sport equipment store | Hønemyrvegen 349, 4646 Finsland | NOK 2.5M | 0 | NOK 22.0K |
| Båthuset Kristiansand As | boat equipment store | Lumberveien 35D, 4621 Kristiansand | NOK 33.9M | 9 | NOK 14.0K |
| Agder Marine Import V/ Kjell Erik Brauner | boat equipment store | Kystveien 51, 4639 Kristiansand | NOK 0 | 0 | NOK 0 |
| Anton Sport Sørlandssenteret | sport equipment store | Barstølveien 102-104, 4636 Kristiansand | NOK 0 | 21 | NOK 0 |
| Berhus Formés Studios | sport equipment store | Løvika 1, 4623 Kristiansand | NOK 0 | 0 | NOK 0 |
| Bs Fritid Bjørn Natvig | boat equipment store | Topdalsveien 116A, 4658 Tveit | NOK 0 | 0 | NOK 0 |
| Båtutstyr Norge As | boat equipment store | Kystveien 655, 4639 Kristiansand | NOK 0 | 0 | NOK 0 |
| Båtutstyr Norge As | boat equipment store | Kystveien 655, 4639 Kristiansand | NOK 0 | 0 | NOK 0 |
| Caro Produkter Ans | boat equipment store | Epleveien 141, 4635 Kristiansand | NOK 0 | 0 | NOK 0 |
| Centrum Mobility As | sport equipment store | Narviga 7, 4633 Kristiansand | NOK 0 | 0 | NOK 0 |
| Cyd Sport As | sport equipment store | Kongsgård alle 59, 4632 Kristiansand | NOK 0 | 0 | NOK 0 |
| Cyd Sport As | sport equipment store | Kongsgård alle 59, 4632 Kristiansand | NOK 0 | 0 | NOK 0 |
| Disc Sør As | sport equipment store | Krogan 4, 4642 Søgne | NOK 0 | 0 | NOK 0 |
| Disc Sør As | sport equipment store | Krogan 4, 4642 Søgne | NOK 0 | 0 | NOK 0 |
| Ea Import As | sport equipment store | Tangen 24, 4608 Kristiansand | NOK 0 | 0 | NOK 0 |
| Elsparkverden As | sport equipment store | Langetjønntoppen 14, 4638 Kristiansand | NOK 0 | 0 | NOK 0 |
| G Golf As | sport equipment store | Bjaavann Golfklubb Pro Shop|Østre Ålefjærvei 195, 4634 Kristiansand | NOK 0 | 0 | NOK 0 |
| Grønberg Sport | sport equipment store | Vestre Strandgate 24, 4611 Kristiansand | NOK 0 | 1 | NOK 0 |
| Gt Import V/gordon Tønnessen | sport equipment store | Steinkleiva 26, 4631 Kristiansand | NOK 0 | 0 | NOK 0 |
| Heco Ans | boat equipment store | v/Henning Holst|Ravnedalsveien 21, 4616 Kristiansand | NOK 0 | 0 | NOK 0 |
| Henriks Hobby Karl Henrik Markussen | sport equipment store | Dronningens gate 64, 4608 Kristiansand | NOK 0 | 0 | NOK 0 |
| Hk Motorservice As | boat equipment store | Kongsgård alle 64, 4632 Kristiansand | NOK 0 | 13 | NOK 0 |
| Hægeland Marine As | boat equipment store | Skomagergada 39, 4628 Kristiansand | NOK 0 | 0 | NOK 0 |
| Hægeland Marine As | boat equipment store | Skomagergada 39, 4628 Kristiansand | NOK 0 | 0 | NOK 0 |
| Intersport Skippergata As | sport equipment store | Skippergata 13, 4611 Kristiansand | NOK 0 | 0 | NOK 0 |
| Intersport Skippergata As Konkursbo | sport equipment store | Skippergata 13, 4611 Kristiansand | NOK 0 | 0 | NOK 0 |
Conclusion
The bicycle store industry in Kristiansand shows a mix of stability and challenges. With a single active company, Sykkelguttane As, which has demonstrated strong financial results, it may be possible to establish oneself in the municipality. However, it is important to be aware of the declining trends in the number of employees and revenue after 2020. New players should consider entering a market with a certain level of competitiveness, but also with potential challenges related to operational economics and market share. SmartGrunder can help entrepreneurs find suitable addresses in Kristiansand for this industry, based on natural conditions and market opportunities.