The increased complexity of the bicycle and e-bike industry in combination with the growing market value makes the availability of data essential for taking successful business decisions. Comprehensive data is becoming increasingly accessible across the global bicycle industry. Forecasting and trend seeking indicators can now be based on hard facts and no longer on soft indicators only. Since Bike Europe was founded in 1996, we are dedicated to helping companies access reliable information and market data.
Bike Europe developed an extensive catalogue of market reports that lists in-depth details over the past years and made these available for you. These reports offer overviews and analysis that you can reference for business investment plans, growth opportunities, market studies and more.
Hungarian bicycle market hit by inflation
BUDAPEST, Hungary - The Central European country Hungary is known in the industry as the location for the production facilities of Accell Hunland and Giant Manufacturing Hungary Ltd. In an exclusive interview, Róbert Sipiczki, president of the Association Hungarian Bicycle Producers and Traders (AHBPT) elaborates on the difficult local market situation due to limited sales with the most negative dynamics in the lower price brackets.
Can US e-bike sales reach 50% market share by 2030?
FRANKFURT, Germany - The fact that the US e-bike market is lagging behind European counterparts is well-known within the industry. A forecast based on a compound annual growth rate (CAGR) of 30% over the next 7 years could see the US e-bike market reach 6.7 million units and match regular bicycle sales in 2030. This data presented at Eurobike by eCycleElectric however, represented the most optimistic scenario.
Spanish bicycle market drops for the second year in a row
MADRID, Spain - The mismatch between supply and demand has hit the Spanish bicycle industry very hard. Significant stockpiling has been taking place at both distributors and stores. This situation has not been balanced out yet as the 2023 market statistics show. Still, the Spanish industry association AMBE who presented the market data is still confident about the future market. AMBE also noted that 2024 will still be a difficult year for the industry.
Japanese bike market struggling to get out of slump
TOKYO, Japan - While the corona pandemic caused a veritable bicycle and e-bike boom in the west, this sales boom completely bypassed Japan. The current sales slump therefore isn't based on a sharp drop from new sales records as in the west. For years the bicycle market in the Land of the Rising Sun has been shifting in low gear. The local market slump continued in 2023 and a reversal is not expected in the current year either.
European e-bike sales take step back in 2023
ZEIST, The Netherlands - Undeniably European e-bike sales took a step back last year. In 7 European countries which have already reported their market statistics for 2023, the total volume decreased by 8%, from 4,555,264 units in 2022 to 4,178713 last year.
2023 challenges European e-bike markets
Undeniably European e-bike sales took a step back last year. In 7 European countries who already reported their market statistics for 2023, the total volume decreased by 8%, from 4,555,264 units in 2022 to 4,178713 last year.
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Taiwan on course for €500 mln e-bike export value loss
TAIPEI, Taiwan - The fact that the Taiwanese supply chain has struggled during 2024 is fully evident in the latest custom statistics. In Q3, the island nation exported around 75,000 e-bike units, a 44% drop compared to 2023. E-bike exports to the EU specifically dropped 55% to a mere 34,000 units between July and September. Most significantly, the country is on course to see its export value drop half a billion euros this year in total.
EU e-bike imports drop 28% in first 9 months of 2024
ZEIST, The Netherlands - Imports of e-bikes into the EU reached almost 200,000 units in Q3 of 2024, almost matching the same volume of Q3 in 2023. Although there were signs of market recovery with an increase in e-bikes entering EU shores in Q2, the overall year-on-year decrease in the first nine months of 2024 is 28% compared to 2023. Perhaps more important, this is not counteracted by a higher import value.
Taiwan e-bike exports to key European markets under pressure
TAIPEI, Taiwan - Overall e-bike exports from Taiwan grew 5% between Q1 and Q2 of this year, according to the latest customs data. However, exports to Europe in the same period dropped 5%. More worryingly the trend looks set to continue as key markets in Europe see imports plummet in July.
2024: A year of false hope in the bicycle industry
ZEIST, The Netherlands - In late 2023, after a difficult year, industry insiders were looking hopefully towards the new year. However, predictions of inventory level recovery and stability in the market were pushed back at every contact moment during 2024; from Taipei Cycle at the beginning of the year, to Taichung Bike Week at the end. This 'hope' was abandoned in the second half of the year as insolvencies and closures began to dominate the headlines. As hopes now push forward to those that have 'survived to 2025', here, a perhaps unwelcome look back at 2024.
Will the e-bike become a victim of its own success?
AMSTERDAM, the Netherlands - The import statistics of the European Union clearly indicate that China regained its leading position as e-bike supplier for Europe's market. At the same time, the market is drowned with cheap and non-compliant China made e-bikes whose sellers shamelessly advertise the presence of a throttle and how to circumvent the maximum support of 25 km/h. How should the industry respond to these market developments?
Bicycle production in Spain rebounds in October
MADRID, Spain - Bicycle production in Spain rebounded again in October with 25,400 bicycles produced for a value of €18.2 million. Compared to the same month of the previous year, this is a growth of 23.3% in units and 16.7% in turnover, according to data published by the Ministry of Industry and Tourism.
Asia offloading stock as EU e-bike import volume doubles in Q2
ZEIST, The Netherlands - Between April and June this year, the number of e-bikes imported into the EU rose to 223,000 units almost matching the same period last year. Significantly, this figure is almost double the amount imported in the first quarter of the year. All top 3 importing countries, Taiwan, Vietnam and China significantly increased the number of units entering the EU during this time period. However, at what cost?
Spanish bicycle production remains strong despite drop
MADRID, Spain - Bicycle production in Spain reached 171,200 units during the first half of 2024, data from the Spanish Ministry of Industry and Tourism shows. Although this represents a 6.4% decrease on the same period last year, production has grown to around 30,000 units per month during the second quarter of 2024.
Rising e-bike imports signal market recovery in EU-27
ZEIST, The Netherlands - With 81,353 e-bike units imported into the EU-27 in the month of May, this almost matches the 83,000 units imported in the same period as last year, the latest Eurostat data shows. No doubt encouraging another sigh of relief for the bicycle market in Europe, e-bike imports per month have only continued to rise in 2024.
Drop in Taiwan e-bike exports stabilising
ZEIST, The Netherlands - The volume of e-bikes exported from Taiwan has been in a constant freefall since January 2023. At this point it was clear that the market was flooded and delayed shipments were reaching weak purchasing markets. Throughout 2023, the number of e-bikes shipped from Taiwan dropped each month; from 102,575 in January to 37,597 in December. The latest Q1 figures of 2024 show signs of stability being resumed in the export market, albeit at a considerably low level.