Industry study confirms Europe-wide decline in bicycle and e-bike production
BRUSSELS, Belgium - The market correction in Europe for bicycles and e-bikes returning to pre-pandemic levels is still ongoing. The exceptional surge in demand in 2020-2021, followed by supply chain constraints, demanded a maximum level of flexibility and resilience of the industry. The downward trend in volume on all levels continues to unfold, revealed by the latest European Bicycle Industry & Market Profile - published by industry confederation CONEBI.