The Regular Bicycles market in EMEA is facing minimal decline in growth rate, attributed to various factors such as changing consumer preferences and increasing competition from e-bikes. Despite this, the market continues to grow due to the convenience and eco-friendliness of traditional bicycles.
Customer preferences: In EMEA, there is a growing preference for eco-friendly and sustainable transportation options, leading to an increase in demand for regular bicycles. This trend is driven by a rising awareness of the environmental impact of traditional modes of transportation, as well as a desire for healthier and more affordable means of commuting. Additionally, with the rise of urbanization and traffic congestion, more individuals are turning to bicycles as a convenient and efficient mode of transportation.
Trends in the market: In EMEA, the Regular Bicycles Market within the Bicycles Market is seeing a rise in demand for electric bicycles. This trend is driven by the increasing focus on sustainable transportation and the need for alternative modes of transportation in urban areas. Additionally, there is a growing trend of using bike-sharing services, especially in major cities. These trends suggest a shift towards environmentally-friendly and cost-effective transportation options, which could have significant implications for industry stakeholders in terms of product development and marketing strategies.
Local special circumstances: In Europe, the Regular Bicycles Market within the Bicycles Market is heavily influenced by the region's strong cycling culture and infrastructure. Countries like the Netherlands and Denmark have a high percentage of bicycle usage for daily transportation, leading to a demand for high-quality, durable bicycles. Additionally, strict environmental regulations and increasing awareness of sustainable transportation options have also driven the market in Europe. In the Middle East, the market is driven by the growing trend of recreational cycling and a desire for luxury and high-end bicycles. The region's hot climate has also led to a demand for specialized bicycles designed for desert conditions.
Underlying macroeconomic factors: The Regular Bicycles Market within the Bicycles Market is affected by macroeconomic factors such as consumer spending, disposable income, and consumer confidence. Countries with strong economies and high levels of consumer spending, such as Germany and the UK, are experiencing higher sales in the Regular Bicycles Market. On the other hand, countries with weaker economies and lower consumer confidence, such as Italy and Spain, are seeing slower growth in the market. Additionally, government policies and subsidies promoting cycling as a sustainable mode of transportation are also contributing to the growth of the Regular Bicycles Market in certain countries.
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).
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
