The European sold production of bicycles and invalid carriages saw Portugal leading with a 23.49% share, followed by Italy at 16.44% and Germany at 12.47% in 2023. Germany experienced a significant 29.21% year-on-year growth. Meanwhile, Poland and Spain faced declines. The United Kingdom witnessed a drastic decrease of 30.96%. Over the last five years, European markets have shown variable dynamics in bicycle production distribution among countries.
Future trends to watch include the rise in e-bikes influencing production shares, ongoing environmental policies promoting cycling, and technological advancements, which are expected to impact production costs and country-specific market dynamics.
Top countries in Sold Production of Bicycles and Invalid Carriages Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Portugal | 23.49 | 2023 | +5.25% | +4.08% | View data |
| 2 | 2 Italy | 16.44 | 2021 | -14.79% | -15.12% | View data |
| 3 | 3 Germany | 12.47 | 2023 | +27.23% | +29.21% | View data |
| 4 | 4 Poland | 11.32 | 2023 | -2.58% | -4.41% | View data |
| 5 | 5 Bulgaria | 5.98 | 2023 | +0.79% | -1.12% | View data |
| 6 | 6 Spain | 5.42 | 2023 | +0.31% | -2.56% | View data |
| 7 | 7 Romania | 4.47 | 2023 | +1.94% | +4.13% | View data |
| 8 | 8 Czechia | 4.16 | 2021 | |||
| 9 | 9 France | 3.73 | 2023 | +3.66% | +0.069% | View data |
| 10 | 10 Netherlands | 2.65 | 2023 | +9.36% | -1.17% | View data |
