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.
WARSAW, Poland - The total value of the Polish e-bike and bicycle market combined is expected to reach PLN 4.9 billion (€1,13 billion) in 2024. Also the sale of e-bikes has started to increase significantly and is already valued at PLN 1.25 billion (€ 289 million).
Whereas spring 2023 didn't offer an upturn in e-bike and bicycles sales, setting the course for much of the rest of the year, market indicators are suggesting that 2024 could be the year of stabilisation within bicycle market. Major indicators in the Netherlands and Germany are already pointing towards slow but steady recovery in these major markets.
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.
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.
LOS ANGELES, US - "The bicycle industry can expect a gradual recovery with significant upside in the medium to long term, with 2026 and 2027 marking pivotal years for increased mergers and acquisitions and investment opportunities." This is the conclusion of a new report led by global investment bank Houlihan Lokey. In contrast to the current market conditions, the study indicates that another boom period for the industry is also possible before the end of the decade.
THE HAGUE, The Netherlands - Approximately 3,500 fatbikes have been seized by the Dutch authorities due to not meeting the legal requirements of an e-bike, but that of a moped. This requires a different type approval. Fatbikes, in some cases tampered with, have become immensely popular amongst younger riders in the Netherlands prompting calls for more law enforcement in the market.
FRANKFURT, Germany - Despite reports of ongoing high inventories in the market, German trade organisation, ZIV, presented an optimistic outlook during a market update on the day before Eurobike fully kicks off in Frankfurt. "Sales of e-bikes remain at a high level, and the overall market situation is characterised by healthy consumer demand," ZIV managing director Burkhard Stork stated when advocating the significant growth potential for the industry.
BRUSSELS, Belgium - E-bikes have become the top electric vehicle choice for European consumers, offering mobility, leisure, and health benefits. The e-bike also brought the much-wanted reshoring of production: e-bikes for European markets are predominantly made locally. While the e-bike continues to gain ground, bicycle sales have slipped away.
ZEIST, the Netherlands - E-bikes are the leading micromobility category in Europe. It accounts for almost 37% of the European micromobility market today. This share is expected to increase to 50% at a total value of more than €100 billion in the next decade.
