INDUSTRIES

&

MARKETSBicycleindustryinEuropeCHAPTER

01OverviewNumberofnon-motorisedbicyclesandothercyclesproducedintheEuropeanUnion(EU-27)between2012and2023TotalproductionofbicyclesandothercyclesinEU-272012-202316,000,00013,722,36914,000,00012,000,00010,000,0008,000,0006,000,0004,000,0002,000,000013,343,54612,749,69512,528,97112,112,68911,975,96711,528,82211,443,60410,904,64910,424,5969,917,1139,676,5222012201320142015201620172018201920202021202220233/statistics/1195930/total-production-of-bicycles-and-other-cycles-in-the-euIn2031,bicycleproductionlevelsreachedover9.7millionunitsintheEuropeanUnion,thelowestnumberinovertenyears.Theproductionofbicyclesandothercyclespeakedin2015,whenover13.7millionunitswereproducedwithintheEU.

ReadmoreNote(s):EU;2012to2023Source(s):EurostatNumberofnon-motorizedbicyclesandothercyclesproducedinEuropefrom2021to2023,byselectedcountriesProductionofbicyclesandothercyclesinEurope2021-2023,bycountryProductionvolume20236,000,0002022202102,000,0004,000,0008,000,00010,000,00012,000,00014,000,00016,000,0009,676,522TotalEU-27PortugalItaly12,749,69513,346,2391,801,8512,160,2412,896,6611,150,1431,897,5231,874,3491,513,086RomaniaGermanyPoland2,551,4781,679,4431,427,174799,2211,040,0451,155,651548,506534,362336,142CzechiaNetherlandsSpain333,726415,402327,173508,806552,929173,099289,433242,842HungaryLithuaniaSerbia249,347241,466204,538160,008194,3045

,

314Description:Atover1.8millionunits,Portugalwasthelargestproducerofnon-motorizedbicyclesandothercyclesinEuropein2023.Portugal'sproductionaccountedforsome19percentoftheEU'stotalproduction.Romaniacameinsecond,amongcountrieswhohadreportedtheirproduction,withaproductionvolumeofapproximately1.5millionunits,accountingfor16percentoftheEU'stotalproduction.ReadmoreNote(s):Europe;2021to2023Source(s):EurostatDistributionofbicyclesandothercyclesproducedintheEuropeanUnion(EU-27)from2021to2023,byselectedcountriesProductionofbicyclesandothercyclesinEU-272021-2023,bycountryshareProductionvolumeshare202310%202220210%5%15%20%25%18.62%PortugalRomaniaItalyGermanyPoland16.94%21.7%15.64%20.01%11.89%14.88%14.04%13.17%10.69%8.26%8.16%8.66%SpainFranceCzechiaNetherlandsAustria3.99%4.14%3.55%4.19%3.45%5.67%2.52%3.26%2.45%2.94%1.79%HungaryLithuania2.27%1.82%2.58%1.89%15

%5/statistics/1195957/production-of-bicycles-and-other-cycles-in-the-eu-by-country-shareIn2023,PortugalproducedthemostbicyclesandothercyclesamongallEU-27memberstates.Portugal'sproductionaccountedforabout18.6percentoftheEU'stotalbicycleproductionin2023,reachingavolumeofabout1.8millionunitsproduced.ReadmoreNote(s):EU;2021-2023Source(s):Eurostat;StatistaTotalemploymentinthebicycleandinvalidcarriagesmanufacturingindustryintheEuropeanUnion(EU-27)in2022,byselectedcountriesBicyclemanufacturingindustryemploymentinkeyEuropeancountries2022Numberofemployees05,00010,00015,00020,00025,00030,00035,00040,00045,000EuropeanUnion-27countries(from2020)40,000GermanyPoland7,9465,8885,3813,7672,731ItalyRomaniaPortugalCzechiaNetherlandsFrance2,6012,5621,643SpainSwedenAustria1,2321,007944Lithuania8546Description:In2022,GermanyhadthehighestnumberofpeopleemployedinthebicyclemanufacturingindustryintheEU.Thatyear,over7,900peoplewereworkinginthesector.AcrosstheEU,40,000peoplewereemployedinthesector.

ReadmoreNote(s):Europe;2022Source(s):EurostatNumberofcyclistdeathscausedbyroadaccidentsintheEuropeanUnion(EU-27)*between2011and2022CyclistskilledintrafficaccidentsintheEuropeanUnion(EU-27)2011-20222,5002,0452,0192,0201,9901,9741,9481,9531,9162,0001,5001,0005001,8951,8121,6251,59202011201220132014201520162017201820192020202120227Description:Between2011and2020,cyclistdeathsinroadcrashesremainedrelativelysteadybetween1,800and2,100fatalitieseachyear.2021and2022sawslightlylargerdecreasesto1,625and1,592cyclistfatalitiesrespectively.

ReadmoreNote(s):EU;2011to2022Source(s):EurostatCHAPTER

02TradeImportvolumeofnon-motorisedbicyclestotheEuropeanUnion(EU-27)from2013to2023BicycleimportstotheEuropeanUnion2013-20237,000,0006,000,0005,744,8705,260,2505,293,4415,220,6825,217,7515,082,0914,919,3875,000,0004,000,0003,000,0002,000,0001,000,00004,745,8984,751,2344,737,2153,458,564201320142015201620172018201920202021202220239Description:Non-motorisedbicycleimportstotheEuropeanUnionwererelativelystablebetween2013and2020,withimportfiguresvaryingbetween4.7millionunitsand5.3millionunits.In2021,importsroseto5.7millionunits,asdemandforbicyclesincreasedduringtheCOVID-19pandemic.By2023,bicycleimportshaddroppedtounder3.5millionunits,thelowestlevelinthepasttenyears.ReadmoreNote(s):EU;2013to2023;excludese-bikes.Source(s):EurostatImportsofe-bikestotheEuropeanUnion(EU-27)from2017to2023E-bikeimportstotheEuropeanUnion2017-20231,400,0001,185,6341,200,0001,000,000800,000600,000400,000200,00001,049,5271,032,584947,465864,742840,563705,666201720182019202020212022202310Description:ElectricbikeimportstotheEuropeanUnionreachedmorethanonemillionunitsin2018beforedroppingto706,000in2019.Importnumbersbegantoriseagaininthesubsequentyearsandtotallednearly1.2millionunitsin2022.In2023,importsdroppedsubstantiallytoaround865,000units.ReadmoreNote(s):EU;2017to2023Source(s):EurostatExportofnon-motorisedbicyclesfromtheEuropeanUnion(EU-27)from2013to2023BicycleexportsfromtheEuropeanUnion2013-20231,600,0001,400,0001,200,0001,485,6801,284,4601,106,6951,098,9161,064,1941,060,1711,039,9121,026,313985,651946,9991,000,000800,000600,000400,000200,0000843,1002013201420152016201720182019202020212022202311Description:Withtheexceptionofadipin2019,thenumberofbicycles,excludinge-bikes,exportedfromtheEuropeanUniontonon-EUcountriesrosebetween2013and2021.In2021,theEUexportedcloseto1.5millionbicycles.Exportsdroppeddramaticallyinthefollowingtwoyears.In2023,bicycleexportstotaledaround843,000units.ReadmoreNote(s):EU;2013to2023;excludese-bikes.Source(s):EurostatExportsofe-bikesfromtheEuropeanUnion(EU-27)from2017to2023E-bikeexportsfromtheEuropeanUnion2017-2023400,000370,921350,000300,000250,000200,000150,000100,00050,0000315,833294,559273,872191,879153,26581,272201720182019202020212022202312Description:Exportsofe-bikesfromtheEuropeanUnionrosecontinuouslybetween2017and2022,peakingatnearly371,00units.In2023,exportsdroppedbyaround21percentto295,000units.

ReadmoreNote(s):EU;2017to2023Source(s):EurostatLeadingsupplyingcountriesofnon-motorisedbicyclestotheEuropeanUnion(EU-27)in2023LeadingsupplyingcountriesofbicyclestotheEuropeanUnion2023Importvolumeinunits0100,000200,000300,000400,000500,000600,000700,000800,000819,196900,000CambodiaChina527,286BangladeshTaiwan452,163369,537245,397203,511160,869147,831TürkiyeIndiaTunisiaSriLankaIndonesiaThailand145,732137,58813Description:In2023,theEuropeanUnionimportedover819,000bicycles,excludinge-bikes,fromCambodia,thelargestsupplyingcountryforbicyclestotheEU.Meanwhile,Taiwanwastheleadingsupplyingcountryofe-bikes,whichsuppliednearly403,000e-bikesthatyear.ReadmoreNote(s):Europe,EU;2023;excludese-bikes.Source(s):EurostatLeadingsupplyingcountriesofe-bikestotheEuropeanUnion(EU-27)in2023Leadingsupplyingcountriesofe-bikestoEuropeanUnion2023Unitsimported200,000050,000100,000150,000250,000300,000350,000400,000402,935450,000TaiwanVietnam192,802China129,357SwitzerlandTurkey51,55831,00524,419ThailandSriLankaSouthKoreaIndonesiaCanada7,3936,1765,6273,47114Description:Taiwanwastheleadingsupplyingcountryofe-bikestotheEuropeanUnion(EU-27)in2023,supplyingnearly403,000e-bikestotheEUthatyear.Thesecond-largestsupplierofe-bikeswasVietnam,whichsuppliedaround192,000e-bikes.

ReadmoreNote(s):Europe,EU;2023Source(s):EurostatLeadingdestinationcountriesofnon-motorizedbicyclesexportedfromtheEuropeanUnionin2023LeadingdestinationcountriesforbicyclesexportedfromtheEuropeanUnion2023Volumeexportedinunits80,000

100,000020,00040,00060,000120,000140,000160,000161,521180,000UnitedKingdomSwitzerlandUzbekistanTurkey145,51549,10543,237Norway31,35327,47924,36722,073AndorraMoroccoChinaUnitedStatesTunisia20,97520,31915Description:Thelargestnumberofnon-motorizedbicyclesexportedfromtheEuropeanUnionwenttotheUnitedKingdomin2023.TheUnitedKingdomwasalsothesecondarydestinationofe-bikesexportedfromtheEUafterSwitzerland.WhiletheEUexportedover100,000e-bikestotheUKcountryin2022,non-motorizedbicyclesstilloutnumbere-bikeexports.ReadmoreNote(s):Europe,EU;2023;excludese-bikes.Source(s):EurostatLeadingdestinationcountriesofe-bikesexportedfromtheEuropeanUnionin2023Leadingdestinationcountriesofe-bikesexportedfromtheEuropeanUnion2023Volumeexportedinunits60,000020,00040,00080,000100,000120,000113,955SwitzerlandUnitedKingdomUnitedStatesNorway100,79225,40425,167Canada6,4735,1394,0772,610936641AustraliaTurkeyIcelandIsraelSriLanka16/statistics/1369635/e-bike-exports-by-country-euThelargestnumberofe-bikesproducedintheEuropeanUnionandsoldoutsidethetradingblocwenttoSwitzerlandin2023.Thatyear,theEUsuppliednearly114,000electricallyassistedbikes,includingbicycles,tricyclesandquadricycles,toSwitzerland.ReadmoreNote(s):EU;2023Source(s):EurostatCHAPTER

03SalesBicyclesalesintheEuropeanUnionfrom2015to2024withaforecastthrough2029(inmillionunits)NumberofbicyclesalesintheEuropeanUnion2015-20292519.6519.34201510518.7817.8217.7417.4117.4917.2617.1716.6116.6516.4116.316.2416.22020152016201720182019202020212022202320242025202620272028202918Description:Europeancyclistsboughtaround17.2millionbicycles(includingelectricbattery-poweredbicycles)in2024.Thisfigurerepresentsayear-on-yearfallfromtheroughly17.7millionunitsthatweresoldin2023.ReadmoreNote(s):Europe;2015to2029;basedonSeptember2024modellingSource(s):Statista;StatistaMobilityMarketInsightsNumberofbicyclessoldinEuropein2022and2023,bycountry(in1,000units)BicyclesalesvolumeintheEurope2022and2023,bycountrySalesvolumeinthousandunits2023

20222,000

2,50005001,0001,5003,0003,5004,0004,5005,000GermanyFranceGreatBritainItalySpainTheNetherlandsPolandBelgiumDenmarkCzechiaAustriaFinland19Description:Germany,France,andGreatBritainwerethebiggestthreepurchasersofbicyclesintheEuropein2023.InGermany,thesalestotalednearlyfourmillionunitsin2023,butweredownbyabout14percentcomparedtothepreviousyear.GreatBritainsawanevengreaterdropinthemarketof17percent.ReadmoreNote(s):EU;2022and2023Source(s):CONEBI;RijwielenAutomobielIndustrieSizeoftheglobalmarketforelectricbicyclesfrom2015to2024withaforecastthrough2029(inbillionU.S.dollars)E-bikes:marketsizeworldwideforecast2015and2029504544.142.0840.2738.534037.0135.9634.25353025201510532.1430.9327.5318.38201914.45201810.5720177.986.43020152016202020212022202320242025202620272028202920Description:Thee-bikemarketisprojectedtogeneratearound44.1billionU.S.dollarsinrevenueby2029.In2024,revenuefromtheglobale-bikemarketU.S.dollars.LargemarketsacrosstheglobeTheAsia-Pacificregionisthelargeste-bikemarket,buttheEuropeanmarkethaspickedupsteam.InsomecountrieswithinEurope,e-bikesnowmakeupmorethanhalfofallbicyclessold.TheleaderhereistheNetherlands,whichreachedthistippingpointin2020.Germanyisanotherimportantmarket[...]

ReadmoreNote(s):Worldwide;2015to2029;basedonSeptember2024modellingSource(s):Statista;StatistaMobilityMarketInsightsSalesvolumeofelectricbicycleintheEuropeanUnionfrom2015to2023(inmillions)ElectricbikesalesintheEU2015-2023654325.164.944.333.93.072.671.951.531.091020152016201720182019202020212022202321Description:Thenumberofe-bikessoldinEuropehasbeengrowingsteadilyoverthepastyears.Particularly,2020sawalargeyear-on-yearincreaseofabout27percent,atleastpartlyfueledbytheriseinpopularityofcyclingduringtheCOVID-19pandemic.Salescontinuedtoincreaseinthefollowingyears,totalingnearly5.2millione-bikessoldbytheendof2023.ReadmoreNote(s):Europe;2015to2023;EU-27Source(s):Statista;StatistaMobilityMarketInsightsSalesvolumeofelectricbicyclesinEuropein2023,bycountry(in1,000s)ElectricbikesalesinEurope2023,bycountrySalesinthousandunits05001,0001,5002,0002,500GermanyFrance2,120781.36NetherlandsItaly448.36416.5379.24322.45279.78245.47BelgiumPolandAustriaSpainSwitzerlandDenmarkUnitedKingdomSweden241.91229.12180.83170.5Czechia144.4122Description:ThelargestmarketforelectricbicyclesinEuropein2023wasGermany,where2.1millionnewe-bikesweresold.Francerecordedthesecond-highestEuropeansales,atjustoverathirdofthesalesvolumeofGermany.Despiteitssignificantlysmallerpopulationbutwithastrongcyclingculture,theNetherlandsisthethirdlargeste-bikemarket.ReadmoreNote(s):Europe;2023Source(s):Statista;StatistaMobilityMarketInsightsAveragepriceofnewmechanicalbicyclesinEuropefrom2019to2023(ineuros)AveragebicyclepriceinEurope2019-202360050051350145244340030020010003682019202020212022202323Description:AveragepricesforbicyclesintheEuropeanUnionandtheUnitedKingdomrosefrom368eurosin2019to513eurosin2022.Averagepricesaredecreasedslightlybyaroundtwopercentin2023toanaverageofaround501euros.

ReadmoreNote(s):Europe;2019to2023;Excludeselectricbicycles.Source(s):BikeEurope;EYAveragepriceofnewe-bikesinEuropefrom2018to2023(ineuros)Averagee-bikepriceinEurope2018-20233,0002,4922,5002,0001,5001,0005002,3722,3502,1592,0831,955020182019202020212022202324Description:PricesforelectricbicyclesintheEUandtheUnitedKingdomrosebyaround27percentbetween2018and2022.Forthefirsttimeinyears,e-bikepricesfellin2023,droppingtoanaverageof2,350euros.Thiswaslargelyduetoretailersrespondingtoreduceddemandcombinedwithahigh-levelofremaininginventory.ReadmoreNote(s):Europe;2018to2023Source(s):BikeEurope;EYCHAPTER

04BicyclesharingSharedmobilityridershipgrowthinEuropein2023ascomparedto2022,bymodeEuropeansharedmobilityridershipgrowth2022to202360%50%40%30%20%10%0%Docklessbikes*CarsMopedsStationbasedbikesScooters26Description:Between2022and2023,ridershipofsharedvehiclesinEuropeincreased.Docklessbikeschemessawparticularlystronggrowth,witharidershipincreaseof54percent.Scooterandmopedridership,ontheotherhand,sawthelowestgrowthduringthisperiod,assomeoperatorsexitedthemarketandthee-scooterbaninParistookholdinSeptember2023.ReadmoreNote(s):Norway,Switzerland,UnitedKingdom,EU;2022to2023;excludesride-hailingservices,car-pooling,andlong-termandmulti-dayhires.;*Docklessbikesincludeschemeswithfree-floatingbikesorvirtualstations.

ReadmoreSource(s):FluctuoSharedmobilityfleetinEuropein2023,bymodeEuropeansharedmobilityvehiclefleetbreakdown2023Mopeds4%Cars6%Free-floatingbikes14%Scooters56%Station-basedbikes20%27Description:In2023,morethanhalfofsharedvehiclesavailableonEuropeanroadswerescooters,accountingfor56percentofthetotalsharedmobilityfleetonthecontinent.Meanwhile,station-basedandfree-floatingbikesmadeupmorethanathirdofthesharedvehiclefleet.ReadmoreNote(s):Norway,Switzerland,UnitedKingdom,EU;2023;excludesride-hailingservices,car-pooling,andlong-termandmulti-dayhires.Source(s):FluctuoBikesharingrevenueinEuropefrom2017to2023withaforecastthrough2019(inbillioneuros)Forecast:BikesharingrevenueinEurope2017-20290.70.60.590.570.550.520.510.50.490.50.40.30.20.10.00.470.450.450.370.340.322017201820192020202120222023202420252026202720282029