Regular Bicycles - Poland | Statista Market Forecast

Revenue in the Regular Bicycles market in Poland is forecasted to reach US$510.20m in 2024.
This projection anticipates an annual growth rate (CAGR 2024-2029) of -2.65%, leading to a market volume of US$446.10m by 2029.
Unit sales in the Regular Bicycles market in Poland are expected to hit 737.80k bicycles by 2029.
The volume-weighted average price of Regular Bicycles market in Poland is projected to be US$577.30 in 2024.
Looking at the international landscape, the United States is expected to generate the highest revenue in the Regular Bicycles market worldwide, reaching 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 Poland has been experiencing negligible decline due to factors such as changing consumer preferences and increased competition from electric bicycles. Despite this, the market is still driven by the convenience and health benefits offered by traditional bicycles.

Customer preferences: As consumers become more environmentally conscious, there has been a growing demand for regular bicycles in Poland. This trend is driven by the desire to reduce carbon emissions and promote sustainable transportation. Additionally, the rise in urbanization and traffic congestion has also increased the popularity of regular bicycles as a convenient and cost-effective mode of transportation. This shift towards eco-friendly and practical transportation options is expected to continue driving the growth of the regular bicycles market in Poland.

Trends in the market: In Poland, the Regular Bicycles Market within the Bicycles Market is experiencing a rise in demand for electric bicycles, as consumers seek eco-friendly and efficient modes of transportation. This trend is expected to continue as the government implements policies to promote sustainable transportation. Additionally, there is a growing trend of using bike-sharing services, particularly in urban areas, as a convenient and affordable means of travel. These developments offer opportunities for industry players to expand their product offerings and partnerships with bike-sharing companies. However, they also pose challenges for traditional bicycle retailers who may need to adapt their business models to stay competitive.

Local special circumstances: In Poland, the Regular Bicycles Market within the Bicycles Market is heavily influenced by the country's strong cycling culture and government initiatives promoting sustainable transportation. The market is also impacted by the country's diverse terrain, with mountain bikes being more popular in rural areas and city bikes in urban areas. Additionally, Poland's strict regulations on vehicle emissions have led to an increase in demand for eco-friendly transportation options, further driving the growth of the Regular Bicycles Market.

Underlying macroeconomic factors: The Regular Bicycles Market within the Bicycles Market in Poland is influenced by macroeconomic factors such as economic stability, disposable income, and government initiatives. Poland's strong economic growth and stable political climate have increased consumer purchasing power, leading to a higher demand for bicycles. Additionally, government investments in sustainable transportation and infrastructure development have further contributed to the growth of the regular bicycles market. However, fluctuations in global commodity prices and economic uncertainties can impact the market's growth in the coming years.

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.