50 Gross sales and Market Stats

Biking, particularly in its sporting type, is inherently associated to numbers. Each man and his canine likes to quantify their bike, their bike experience even their subsequent accent buy. Whole bike weight, common pace or the waterproof ranking of a water-resistant jacket – the trade is plagued by rankings and figures. 

Moreover, as biking grows in reputation, significantly as a clear, inexperienced and wholesome technique of transport, so does the urge for food for biking and bicycle information. The rise of electrical bikes has solely served so as to add gas to this fireplace.

For stat lovers, policymakers, biking followers and those that work within the trade, our listing of the highest bike trade statistics in 2023 compiles all kinds of figures which may shock, delight and even shock. 

Bicycle Trade Statistics 2023 

• All over the world, over 256 million bikes have been bought in 2021. (Statista)
• The overall world bicycle trade is price $64.6 billion. (Grand View Analysis)
• China is the world’s greatest producer of bikes. In 2020 the nation produced 116 million bikes. (World Occasions)
• Within the EU, Portugal manufactured essentially the most bikes. 2.9 million in 2021 alone. (Eurostat)
• By 2029, the worldwide biking trade is slated to be price $127 billion. (Fortune Enterprise Insights)
• Highway bikes have the most important market share by bike kind. (Grand View Analysis)
• 9.7 million electrical bikes have been bought in 2021. (Bike Europe)

Bicycle Gross sales Statistics by Nation 

• In 2020 3.1 million bicycles have been bought within the UK. (Bicycle Affiliation) 
• On common, 15 to twenty million bicycles are bought every year within the US. (Statista)
• Germany is the most important nation for bike gross sales within the EU. The market worth reached €6.56 billion in 2021. (Statista)
• Over 39 million bicycles have been introduced in India in 2022. (Statista)
• Japan noticed 1.63 million bike gross sales in 2021. (Statista)
• In China, over 41 million electrical bikes have been bought in 2021. (Statista)
• Over 50% of latest bikes purchased within the Netherlands in 2020 have been electrical. (Statista)
• Russia, the most important nation on the planet, topped 4.5 million in 2021. (Statista)
• In 2020, the arrival of coronavirus kickstarted gross sales of bikes within the UK. In a matter of months, gross sales elevated by 60%. (Bicycle Affiliation)
• 3.6 of the 4.5 million e-bikes bought within the EU/UK in 2020 have been manufactured within the EU/UK. (CONEBI)

World Bicycle Trade Statistics

• Within the EU, 22 million bikes have been bought in 2019. (Statista)
• The biggest marketplace for bicycles is Asia-Pacific. Over 34% of whole world gross sales in 2022 have been carried out within the area. (Grand View Analysis)
• Within the USA, biking contributed over $3.28 billion to the financial system. (Bureau of Financial Evaluation)
• In 2020, the UK manufactured 180,000 bikes. (Bicycle Affiliation)

Bicycle Market Gross sales Statistics 

• Shimano’s world income in 2021 topped out at 546¥ billion. (Statista) 
• Big, the most important producer of bikes on the planet, coined in $2.85 billion of income. (Bicycle Retailer)
• Accell, one of many largest bike producers with a European headquarters bought 831,000 bikes in 2021. (Accell)
• China and Taiwan account for over half of all bike imports into the US. (Bicycle Retailer)  
• Brompton, the most important producer of Bikes within the UK, produce 80,000 bikes yearly. (BikeRadar)
• Electrical cargo bikes are rising in reputation within the UK. A 40% enhance in gross sales was reported in 2022. (Bicycle Affiliation)
• Gravel bikes loved reputation from 2019 onwards with 21% of motorbike outlets suggesting they’d enhance their providing. (Biking Trade Information) 
• UK gross sales had declined publish COVID with the primary half of 2022 seeing a market worth decline of 25%. (Bicycle Affiliation)
• 80% of Shimano’s earnings yearly is earnt from bicycle elements. (Wikipedia)

How Many Bikes Are Bought Every Yr? 

•  Over 3 instances as many bikes as vehicles have been bought in 2021. (Statista)
•  All over the world, 488 bikes have been bought each minute in 2021. (Statista)
• Big the world’s greatest bike producer sells greater than 6 million items yearly. (Highway.cc)
• Gazelle, one among Europe’s largest producers of bikes, produce and promote 300,000 bikes yearly. (Gazelle)
• Electrical bike gross sales topped half one million in France for the primary time in 2020. (Statista)
• Over 1.7 million bikes have been imported into Australia in 2021. (Bicycle Industries Australia)
• In 2021 the variety of registered electrical bikes in Singapore grew 100% in 12 months. (Singapore Land Transport Authority)
• 500,000 bicycles are bought every year in Denmark. (Biking Embassy of Denmark)
• 40% of present cyclists within the UK intend to purchase a brand new bike within the subsequent 12 months. (Mintel)
• Within the UK, 12% of individuals contemplating a brand new bike are taking a look at an electrical mannequin. (Mintel)

How A lot Do Bikes Price?

•  In 2020, the common value paid for a motorbike within the UK was £332. (Bicycle Affiliation)
• The common value of an electrical bike within the UK in 2020 was £1,854. (Bicycle Affiliation)
• Over in Europe and its greatest market, the common value for a motorbike bought in 2021 was €1,395. (Statista)
• €1,564 was the common value of an electrical bike bought by the French inhabitants in 2017. (Observatoire du Cycle)
• In 2021, metropolis bicycles bought in Japan sometimes had a value vary between 10 thousand and 30 thousand Japanese yen. (Statista)
• The costliest mass-produced street bike is the Trek Madone SLR 9 eTap Gen 7, retailing at £14,500. (Trek)
• Specialised’s S Works Turbo Kenevo SL is among the costliest mass-produced electrical bikes on the planet. It retailers for £14,500. (Specialised)
• At £5,999, the Gocycle G4i+ is among the costliest electrical folding bikes out there immediately. (Gocycle)
• Van Nicholas produces the world’s costliest steadiness bike for youngsters. It retailers at £1,000. (Van Nicholas)
• Amongst Chinese language bike purchasers, the most important group of cyclists have been prepared to spend 8,001 to fifteen,000 yuan ($1,182 to 2,217) on a brand new bike. (BJReview)

What These Bicycle Trade Statistics Imply

That’s our prime 50 bike trade statistics, however what do all these numbers imply? Learn on to get our key takes from the info.

Take 1: China leads the way in which

Rating as each the most important producer and the most important client of bicycles on the planet, the biking trade in China is really staggering. Nonetheless many bicycles there are on the planet, there’s at all times going to be a lot in China!

While there’s not quite a lot of information freely out there, it’d be protected to say that Chinese language cities have among the most cyclists on the planet, definitely sufficient to rival the European powerhouses of the Netherlands and Denmark.

Take 2: There’s a normal air of positivity within the bike trade

Whether or not you digested one, ten or all fifty of our bicycle trade statistics in 2023, you’ll in all probability have observed a normal buoyancy to every statistic. Pushed alongside by robust tailwinds just like the coronavirus pandemic and a push for sustainable transport globally, the bike trade definitely appears to be like set for continued development within the years to return, albeit with a number of bumps alongside the way in which. 

Due to the pandemic, authorities lockdowns and an urge for food for leisure tools, most markets skilled development from 2020 into 2021. Nonetheless, because the calendar flipped to 2022, geo-political tensions, rising costs and provide points cooled the bicycle trade.

Take 3: Electrical bikes are rising quick

Electrification has entered the biking world in a giant manner. Traits from the UK present that now 1 in 20 individuals personal an electrical bike.

Information from early adopters or these nations with an inherent biking way of life, like Germany and the Netherlands, have proven that the thirst for electrical bikes reveals no signal of stopping. 

How a lot you spend on a motorbike is as much as you, however development in electrical bikes has meant that the general value of bikes is rising, extra on this later. 

Take 4: Biking infrastructure and funding could hinder some nations

Like biking within the rain, one generally cited cause for a small take-up of biking is the shortage of biking infrastructure – one thing predominately designed to make biking protected. 

Take the UK for instance, which has seen spectacular development in gross sales and participation over the previous three years and but, bike lanes, low-traffic routes and low emissions zone proceed to impress ire and consternation. 

That being mentioned, there have been fewer casualties and fewer deaths of cyclists than drivers within the UK in 2020. 

Take 5: Bikes will be costly – very costly

While the common value of a motorbike within the UK sits nicely under £500, on the prime finish of the market, costs have gotten downright eyewatering. In defence of the producers, new expertise doesn’t come low cost, particularly with electrical bikes. Plus, with overheads like manufacturing and transport all on the rise, it’s no shock to see top-end bikes retailing at 5 figures and over.

Take 6: Selection is the spice of life

Bicycles are available in all sizes and styles – they’re a part of leisure, sporting and travelling lives of many throughout the globe. While main bike classes like street and mountain will ceaselessly be the most important in whole quantity and income, smaller niches like cargo bikes and folding bikes proceed to search out favour. 

That brings an finish to our listing of the highest gross sales statistics for the bicycle trade in 2023.