In 2023, European countries displayed varying levels of production in not motorised bicycles and other cycles parts and accessories, with Italy leading at 255.4 million euros, reflecting a 7.98% increase. Germany followed closely with 234.62 million euros, up by 7.72%. France experienced modest growth at 1.46%, reaching 118.27 million euros, while Romania and Portugal showed healthy increases of 5.27% and 3.55%, respectively. The Netherlands and the United Kingdom experienced slight growth, whereas Bulgaria marked an impressive 8.42% surge. Conversely, Denmark and Greece showed significant proportional growth, although from a smaller base. Lithuania saw the most pronounced decrease at -19.3%.
Future trends to watch include:
- Rising consciousness around sustainability, possibly boosting demand and production in urban cycling solutions.
- Technological advancement in cycle components, potentially enhancing the value proposition of European production.
- Potential impacts of new legislation and environmental policies encouraging non-motorised transport.
Top countries in Sold Production of Not Motorised Bicycles and Other Cycles Parts and Accessories by Country
| # | 10 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 255,400,000 | 2023 | +0.87% | +7.98% | View data |
| 2 | 2 Germany | 234,620,000 | 2023 | +5.01% | +7.72% | View data |
| 3 | 3 France | 118,270,000 | 2023 | +2.28% | +1.46% | View data |
| 4 | 4 Romania | 94,630,000 | 2023 | +3.6% | +5.27% | View data |
| 5 | 5 Portugal | 62,063,000 | 2023 | +4.74% | +3.55% | View data |
| 6 | 6 Netherlands | 40,099,000 | 2023 | +3.87% | +3.56% | View data |
| 7 | 7 United Kingdom | 36,337,000 | 2023 | +1.18% | +0.33% | View data |
| 8 | 8 Bulgaria | 31,410,000 | 2023 | +3.94% | +8.42% | View data |
| 9 | 9 Belgium | 29,412,000 | 2023 | +2.2% | +1.4% | View data |
| 10 | 10 Spain | 23,686,000 | 2023 | +0.04% | +3.42% | View data |
