In 2023, the European market of non-motorised bicycles and accessories was primarily dominated by Italy, Germany, and France, with Italy having the largest share of 27.64% in Euros, followed closely by Germany at 25.4% and France at 12.8%. Notable growth in market shares was observed in Bulgaria at 8.42% and Denmark at 10.78%, highlighting significant regional development. Meanwhile, other major players like the UK and Netherlands showed modest growth. Lithuania experienced a considerable decline with a year-on-year decrease of 19.3%.
Future trends to watch include a potential increase in demand across emerging Eastern European markets, driven by biking becoming more popular for environmental and health reasons. Investments in cycling infrastructure and a shift towards sustainable transport options could spur growth, while Western markets may witness saturation and slower growth rates. Keep an eye on economic factors such as inflation as they may impact production costs and pricing strategies.
Top countries in Sold Production of Not Motorised Bicycles and Other Cycles Parts and Accessories Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 27.64 | 2023 | +0.87% | +7.98% | View data |
| 2 | 2 Germany | 25.4 | 2023 | +5.01% | +7.72% | View data |
| 3 | 3 France | 12.8 | 2023 | +2.28% | +1.46% | View data |
| 4 | 4 Romania | 10.24 | 2023 | +3.6% | +5.27% | View data |
| 5 | 5 Portugal | 6.72 | 2023 | +4.74% | +3.55% | View data |
| 6 | 6 Netherlands | 4.34 | 2023 | +3.87% | +3.56% | View data |
| 7 | 7 United Kingdom | 3.93 | 2023 | +1.18% | +0.33% | View data |
| 8 | 8 Bulgaria | 3.4 | 2023 | +3.94% | +8.42% | View data |
| 9 | 9 Belgium | 3.18 | 2023 | +2.2% | +1.4% | View data |
| 10 | 10 Spain | 2.56 | 2023 | +0.04% | +3.42% | View data |
