In 2023, Germany led the European Invalid Carriages and Bicycles market with a turnover of €3.6 billion, growing by 12.08% year-on-year. Italy, the second-largest market, increased marginally by 0.32%. France saw a growth of 2.75%, reaching €0.7877 billion, while Portugal and Poland achieved increases of 5.31% and 3.49% respectively. Austria and Spain experienced notable growth of 14.0% and 14.01%, respectively. Romania grew by 9.63%, while Sweden contracted by 4.26%. Significant growth was seen in Lithuania (24.41%) and Latvia (49.63%), whereas smaller markets like Belgium and Croatia saw minor declines. Future trends to watch include potential growth in emerging markets like Lithuania and Latvia, sustained growth in Germany and Spain, and recovery possibilities in Sweden and Belgium.
- Germany led with €3.6 billion (12.08% increase).- Italy's slight rise of 0.32%.- France grew by 2.75%.- Portugal and Poland increased by 5.31% and 3.49%, respectively.- Austria and Spain had notable 14% growth.- Romania at 9.63%, while Sweden declined by 4.26%.- Lithuania and Latvia saw significant increases of 24.41% and 49.63%.- Small declines in Belgium and Croatia.
Future trends to watch include growth traction in emerging markets like Lithuania and Latvia, continued strong performance in Germany and Spain, and potential market recovery in Sweden and Belgium.
Top countries in Invalid Carriages and Bicycles Turnover by Country
| # | 10 Countries | Million Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 3,600 | 2023 | +21.8% | +12.08% | View data |
| 2 | 2 Italy | 1,220 | 2023 | -0.049% | +0.32% | View data |
| 3 | 3 France | 787.7 | 2023 | +3.49% | +2.75% | View data |
| 4 | 4 Portugal | 614 | 2023 | +4.55% | +5.31% | View data |
| 5 | 5 Poland | 556.9 | 2023 | +2.86% | +3.49% | View data |
| 6 | 6 Austria | 547.5 | 2023 | +5.55% | +14% | View data |
| 7 | 7 Spain | 492.7 | 2023 | +6.99% | +14.01% | View data |
| 8 | 8 Romania | 455.4 | 2023 | +9.13% | +9.63% | View data |
| 9 | 9 Sweden | 351 | 2023 | +0.43% | -4.26% | View data |
| 10 | 10 Lithuania | 201.5 | 2023 | +15.14% | +24.41% | View data |
