The bicycle industry is a multi-billion dollar industry that has seen tremendous growth in recent years. With more people turning to cycling as an alternative form of transportation, the industry has seen a surge in sales and profits. In this blog post, we will take a look at some of the latest bicycle industry statistics to get a better understanding of the current state of the industry.
We will look at the size of the industry, the types of bikes being sold, and the countries that are leading the way in bicycle sales. We will also discuss the impact of the industry on the environment and the economy. Finally, we will explore some of the trends that are driving the industry forward.
Bicycle Industry: The Most Important Statistics
18% of male survey participants in England cycled at least once a month in 2021.
Global e-bike sales are projected to reach 40 million units in 2023, with China being the most important market.
Bicycle Industry Statistics Overview
In 2019, UK households purchased 1.56 billion British pounds worth of bicycles, with a significant share attributed to the UK brand, Halfords, which generated a sales revenue of 1.3 billion British pounds in 2021.
This shows that the demand for bicycles is increasing, and that Halfords is a major player in the UK market.
Bicycle sales revenue in the UK decreased from 1 billion British pounds in 2017 to 940 million in 2019, a year-on-year increase of under 2%.
While the industry has seen growth over the past decade, there has been a slight decrease in sales in the last two years. This could be due to a variety of factors, such as changes in consumer preferences or economic conditions. Understanding this trend can help industry stakeholders make informed decisions about their strategies and investments.
In February 2021, 170 thousand people spent 500 British pounds or more on bicycles in the 12 months prior to a survey.
UK households spent between 1.5 and 1.6 billion British pounds on bicycles in 2019, representing an overall increase in annual expenditure on bicycles between 2011 and 2019.
The bicycle industry in the UK is growing and more people are choosing to purchase bicycles. This could be due to a variety of factors, such as increased awareness of the environmental benefits of cycling or the increased availability of bicycles in the UK.
18% of male survey participants in England cycled at least once a month in 2021.
By understanding the gender-based differences in cycling habits, bicycle companies can better target their marketing and product design to meet the needs of their customers.
2.6% of respondents from England stated that they usually spend 60-89 minutes when cycling for leisure purposes, while 2% of survey participants from the region cycled for the same length of time for travel purposes.
This provides insight into the amount of time people are spending cycling for leisure and travel purposes, which can be used to inform decisions about the industry. For example, it could be used to inform decisions about the types of bicycles that should be produced, or the types of marketing campaigns that should be used to target potential customers.
The e-bike market is projected to generate around 53.5 billion U.S. dollars in revenue by 2027, with a compound annual growth rate of 12.27 percent between 2022 and 2027 due to increasing environmental and health concerns as well as the COVID-19 pandemic.
E-bikes are becoming increasingly popular and are expected to continue to grow in popularity in the coming years. This could have a significant impact on the bicycle industry, as more people are likely to purchase e-bikes instead of traditional bicycles.
Global e-bike sales are projected to reach 40 million units in 2023, with China being the most important market.
This shows the increasing popularity of electric bicycles, which is likely to have a significant impact on the industry. It also highlights the importance of the Chinese market, which is likely to be a key driver of growth in the industry.
The bicycle market in Germany more than doubled between 2013 and 2020, surpassing 6 billion euros in 2020.
This could be an indication of a trend towards more people choosing to use bicycles as a form of transport, which could have a positive impact on the industry.
2 million e-bikes were sold in Germany in 2021, an increase from 1.95 million in 2020, showing a growing trend in e-bike sales.
The global bicycle market is expected to reach USD 147.87 billion by 2027.
It is a lucrative and growing market. It is a valuable piece of information for anyone interested in the bicycle industry, as it provides an insight into the current and future state of the market. This statistic is a great starting point for anyone looking to gain a better understanding of the bicycle industry and its potential.
In Europe, the bicycle market value reached 23.6 billion euros in 2019.
The industry is thriving and that it is a major contributor to the European economy. This is an important point to make in a blog post about Bicycle Industry Statistics, as it demonstrates the importance of the industry and its potential for growth.
There were approximately 18 million e-bikes sold globally in 2019.
More and more people are turning to e-bikes as a viable form of transportation, which is great news for the industry. The fact that 18 million e-bikes were sold in 2019 is a clear indication that the bicycle industry is in a healthy state and is likely to continue to grow in the future.
The United States saw a 65% increase in bicycle sales in 2020 compared to the previous year
ore people are choosing to ride bicycles, which is great news for the bicycle industry. The 65% increase in sales is a clear indication that the industry is thriving and that more people are embracing cycling as a viable option for transportation and recreation.
In 2019, China produced around 46.77 million bicycles.
This demonstrates the sheer scale of production and the potential for growth in the industry. It also highlights the importance of the Chinese market for the global bicycle industry, as it is the largest producer of bicycles in the world.
In 2018, Giant Manufacturing Co. Ltd. sold over 6.69 million bicycles, making it the largest bicycle manufacturer.
This statistic serves as a reminder of the company’s impressive reach and influence in the market, making it a key player in the industry.
The Asia-Pacific region accounted for about 35.4% of the total bicycle market in 2019.
The region is a major player in the industry, accounting for a significant portion of the total market. This is an important piece of information for anyone looking to gain insight into the bicycle industry and its current trends.
The world’s adult bicycle ownership was estimated to be 580 million units in 2012.
Despite the rise of motorized vehicles, bicycles remain a popular choice for transportation and recreation. This statistic is also important for understanding the size of the bicycle industry and the potential for growth. It provides a benchmark for measuring the success of the industry and can be used to inform decisions about investments and marketing strategies.
In 2018, the Netherlands produced over 1.73 million bicycles.
It highlights the country’s dedication to promoting a healthy, sustainable lifestyle, and its investment in the bicycle industry. It also serves as a reminder of the potential of the bicycle industry, and the potential for other countries to follow suit in investing in cycling infrastructure.
German e-bike sales reached 1.36 million units in 2020.
More and more people are recognizing the benefits of electric bikes, such as their environmental friendliness and convenience. This statistic is a clear indication that the bicycle industry is thriving and that electric bikes are becoming an increasingly popular choice for commuters and recreational cyclists alike.
The French bicycle market was valued at 1.053 billion euros in 2020.
The French bicycle market is thriving, with a value of over one billion euros in 2020. This is a clear indication that the bicycle industry is a major player in the French economy, and that it is likely to continue to grow in the future. This statistic is an important piece of information for anyone interested in the bicycle industry, as it provides a snapshot of the current state of the market.
The adoption of e-bikes in the United States is projected to reach 7 million units by 2027.
The demand for e-bikes is increasing, and that the industry is likely to experience significant growth in the coming years. This is an important piece of information for anyone interested in the bicycle industry, as it provides insight into the potential for future growth and investment opportunities.
The global bicycle sharing market size reached USD 3.1 billion in 2020.
The industry is thriving and that more and more people are turning to bicycles as a form of transportation. This is great news for the environment, as it means fewer cars on the road and less pollution. It also shows that the industry is a viable investment opportunity, as the market size is growing rapidly. This statistic is a clear indication that the bicycle industry is here to stay.
The UK bicycle market reached a value of GBP 3.3 billion in 2020.
The bicycle industry is thriving, and that the demand for bicycles is on the rise. This is an important statistic to consider when discussing the Bicycle Industry, as it provides insight into the current state of the market and its potential for future growth.
Denmark had the highest bicycle ownership in 2015, with 5.3 bicycles per capita.
Denmark is a nation that values the convenience, health benefits, and environmental friendliness of cycling, and is willing to invest in the infrastructure and resources necessary to make it a viable form of transportation. This statistic is a testament to the power of cycling as a sustainable and efficient mode of transportation, and serves as an example for other countries to follow.
In 2020, the indoor cycling market was valued at USD 2.7 billion.
The indoor cycling market is a lucrative and growing sector, with a value of USD 2.7 billion in 2020. This highlights the potential for businesses to capitalize on the growing demand for indoor cycling products and services.
The global bicycle tire market is projected to reach USD 9.16 billion by 2026.
The demand for bicycle tires is increasing, which could lead to more investment in the industry and more opportunities for businesses to capitalize on the trend. This could mean more jobs, more innovation, and more opportunities for cyclists to enjoy their favorite activity.
The global electric cargo bikes market is projected to reach USD 1.60 billion by 2027.
The demand for these bikes is increasing, and that the industry is likely to experience significant growth in the coming years. This is great news for the bicycle industry, as it indicates that more people are turning to electric cargo bikes as a viable transportation option.
Furthermore, this statistic can be used to inform decisions about investments in the industry, as well as to plan for future growth.
Conclusion
In conclusion, the bicycle industry is a growing and profitable industry. It is estimated that the global bicycle market will reach $64.2 billion by 2027, with an annual growth rate of 4.3%. The industry is expected to continue to grow as more people turn to cycling as a form of transportation, recreation, and exercise.
The industry is also seeing an increase in the number of electric bicycles being sold, which is expected to further drive growth in the industry. With the increasing demand for bicycles, the industry is expected to continue to be a profitable and growing sector for many years to come.
References
1 – https://www.statista.com/topics/6190/cycling-in-the-united-kingdom-uk/#topicOverview
2 – https://www.statista.com/statistics/283225/new-bicycles-sales-revenue-in-the-united-kingdom-uk/
3 – https://www.statista.com/statistics/302934/bicycle-user-expenditure-in-the-uk/
4 – https://www.statista.com/statistics/533150/bicycle-purchase-trend-united-kingdom-uk/
5 – https://www.statista.com/statistics/820904/people-cycling-by-purpose-and-gender-in-england/
6 – https://www.statista.com/statistics/589060/share-of-people-who-go-cycling-by-duration-and-purpose-in-england/
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9 – https://www.statista.com/statistics/561662/bicycle-sales-revenue-germany/
10 – https://www.statista.com/statistics/1265760/e-bikes-sold-number-germany/
11 – https://www.send2press.com
12 – https://www.statista.com
13 – https://www.globenewswire.com
14 – https://www.grandviewresearch.com
15 – https://www.ec.europa.eu
16 – https://www.researchgate.net
17 – https://www.reportlinker.com
18 – https://www.npd.com
19 – https://www.weforum.org
20 – https://www.bike-eu.com
