Regular Bicycles - Austria | Statista Market Forecast

Revenue in the Regular Bicycles market in Austria is forecasted to reach US$364.90m in 2024.
The revenue is anticipated to demonstrate an annual growth rate (CAGR 2024-2029) of -3.01%, leading to a projected market volume of US$313.10m by 2029.
Unit sales in the Regular Bicycles market are expected to reach 191.20k bicycles in 2029.
The volume weighted average price of Regular Bicycles market in the market in 2024 is expected to be US$1.60k.
Looking at it from a global perspective, the United States is poised to generate the highest revenue, amounting to US$7bn in 2024.

Definition:

Regular bicycles are means of transport designed to transport people and goods for professional and private purposes. They are used for leisure activities such as travelling or for physical exercise. Depending on the specific purpose and rider, bicycles come in different shapes and features.

They are powered by mere human strength without any electrically powered motors.

In recent years, different renting models have been established such as bike-sharing, in which bicycles can be rented for a defined period in exchange for a fee. These rented bikes are not included in this market outlook. Only bikes that were purchased for ownership are covered.

Structure:

The regular bicycles market covers all types of bicycles including road and racing bicycles, off-road bicycles, and special purpose bicycles. However, motorcycles, scooters, mopeds, secondhand bicycles, electric bicycles, as well as bikes purchased by bike-sharing services are not included.

Additional information:

The market comprises the number of bicycles sold, the average price paid per bicycle, revenue, and revenue growth as the key performance indicators. Revenue is derived as the product of the average price per bicycle times the number of bicycles purchased. Therefore, revenue excludes any profits from bike-sharing fees. Revenues are including VAT. The market only displays B2C revenues, hence B2B and B2G revenues are not included.

Road and racing bicycles such as cruiser, standard, gravel road-, touring-, and fixed gear bikes

Motorcycles, scooters, mopeds, electric bicycles
Secondhand bicycles
Bike-sharing bicycles
Rented bicycles

The Regular Bicycles Market in Austria has seen a slight decline in growth, impacted by factors such as a decrease in consumer spending and competition from electric bicycles. Despite this, the market continues to be driven by the convenience and health benefits of cycling.

Customer preferences: In Austria, there has been a growing interest in eco-friendly and sustainable modes of transportation, leading to an increase in the demand for regular bicycles. This trend is driven by a cultural preference for environmentally conscious choices and a shift towards healthier lifestyles. Additionally, the rise of urbanization and traffic congestion has also contributed to the popularity of regular bicycles as a convenient and cost-effective means of transportation.

Local special circumstances: In Austria, the Regular Bicycles market is heavily influenced by the country's strong cycling culture and well-developed cycling infrastructure. The government's initiatives to promote sustainable transportation also play a major role in driving the market. Additionally, the country's mountainous terrain and scenic landscapes make it a popular destination for cycling enthusiasts, further driving the demand for Regular Bicycles. Furthermore, strict regulations on car usage in major cities have also contributed to the popularity of bicycles as a mode of transportation, leading to a thriving Regular Bicycles market in Austria.

Underlying macroeconomic factors: The Regular Bicycles Market within the Bicycles Market in Austria is influenced by macroeconomic factors such as consumer spending, government policies, and economic stability. Countries with strong economic growth and stable fiscal policies tend to have higher demand for regular bicycles, as consumers have more disposable income to spend on leisure activities. Additionally, government initiatives promoting cycling as a sustainable mode of transportation also play a significant role in driving market growth. On the other hand, economic downturns and uncertain economic conditions can negatively impact the market, as consumers prioritize essential needs over discretionary purchases like bicycles.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the sales of regular bicycles and the respective average prices for bicycles.

Modeling approach:

Market sizes are determined through a Bottom-Up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use publications of industry associations, expert blogs, and data provided by governments and scientific institutions. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, population, and consumer spending per capita (based on current prices). This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the ARIMA time series forecast and forecasts based on previous growth rates are well suited for forecasting the future demand for bicycles due to the brick and mortar nature of this market. The main drivers are GDP, consumer spending per capita, and population.

Additional notes:

The data is modeled using current exchange rates. The market is updated once a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).

This report presents a comprehensive analysis and additional information on the Mobility market, in a PDF format.

The bicycle market in Germany has been enjoying dynamic development for a very long time. Bicycles are a popular way to get around in both urban and rural areas, with young children learning to ride firmly entrenched in the national culture. Germany has a variety of scenic bike routes, but looking out for bike lanes in a city is a daily part of life both for cyclists and pedestrians. Many cyclists value the multiple advantages cycling brings – physical activity, saving money by foregoing commuting with public transport or driving, and the eco-friendly aspect. A German city, Munster, even made it on the list of the eight most bike-friendly cities in the world in 2022.