European bicycle sales climbed to 18.3 billion euros last year

With the development of the economy, more and more people have joined the ranks of fitness, and there are many ways to exercise, among which cycling is a common one.

Relevant data show that last year, bicycle sales in Europe surged by 40%, with sales exceeding 22 million units and reaching 18.3 billion euros, setting a new record. Bicycles have become popular in Europe. And according to the latest data released by the European Federation Conebi, 2020 was the best year ever for the European bicycle industry.

On the one hand, during the COVID-19 pandemic, due to the lockdown policy, people's travel was restricted, and more and more consumers began to turn their attention to bicycles; on the other hand, the surge in bicycle sales is also related to government efforts. In order to promote sustainable economic development, European governments have vigorously developed a green economy.

In addition to traditional bicycles, Europeans have also developed a strong interest in electric bicycles. Data shows that last year, sales of electric bicycles in Europe increased by 52%.

In this regard, Manuel Marsilio, director of Conebi, said: At present, compared with purchasing traditional means of transportation, European people will choose more environmentally friendly means of travel. Therefore, electric bicycles are very popular in Europe.

The survey pointed out that in the electric bicycle market, European local production is more popular. Among the 4.5 million electric bicycles sold, 3.6 million were produced in Europe (including the UK).

Currently, there are about 1,000 small and medium-sized enterprises in the European bicycle industry, so Europe's demand for bicycle parts is expected to double from 3 billion euros to 6 billion euros.

In Europe, bicycles have always been one of the best-selling products, and Europeans seem to have a special liking for bicycles. When you travel through the streets and alleys, you will find that bicycles are everywhere. Among them, the Dutch love bicycles the most.

The survey pointed out that although the Netherlands is not the country with the most bicycles in the world, it is the country with the most bicycles per capita. The population of the Netherlands is 17 million, but the number of bicycles is an astonishing 23 million, with an average of 1.1 bicycles per person.

In short, Europeans have a special liking for bicycles, especially the Dutch. The bicycle parts industry in Europe also has very large market potential. It is hoped that retailers selling bicycle-related products will rationally layout the European market and seize business opportunities.

Europe

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Green Economy