Regular Bicycles - Slovenia | Statista Market Forecast

Revenue in the Regular Bicycles market in Slovenia is forecasted to reach US$92.79m by 2024.
The revenue is anticipated to demonstrate an annual growth rate (CAGR 2024-2029) of -2.88%, leading to a projected market volume of US$80.20m by 2029.
Unit sales in the Regular Bicycles market are expected to hit 173.40k bicycles in 2029.
The volume-weighted average price of Regular Bicycles market in 2024 is projected to be US$449.90.
Looking at in Slovenia, the most revenue is expected to be generated the United States (US$7bn in 2024) from an international perspective.
In Slovenia, the Regular Bicycles market is experiencing a surge in demand for eco-friendly transportation options.

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 Slovenia has seen a slight decline in growth due to factors such as changing consumer preferences and the emergence of new technologies in the Bicycles Market. Despite this, the market remains steady as consumers continue to value the convenience and health benefits of traditional bicycles.

Customer preferences: With the growing trend towards sustainable transportation, more consumers in Slovenia are opting for regular bicycles as their preferred mode of transportation. This is driven by increasing awareness of the environmental impact of traditional vehicles and a desire for a healthier lifestyle. Additionally, the rise of bike-sharing programs and bike-friendly infrastructure have made regular bicycles a convenient and accessible option for daily commuting. This shift towards eco-friendly and active transportation is also influenced by the country's strong cycling culture and its emphasis on physical activity.

Trends in the market: In Slovenia, the Regular Bicycles Market within the Bicycles Market is experiencing a surge in demand for electric bicycles. This trend is being driven by the increasing awareness of the environmental benefits of cycling and the convenience of electric bikes for commuting. This trajectory is significant as it presents opportunities for industry stakeholders to expand their product offerings and tap into a new market segment. Additionally, it could lead to a shift in consumer preferences towards more sustainable modes of transportation. However, it also poses challenges for traditional bicycle manufacturers who may need to adapt their production processes to incorporate electric technology. Overall, the rise of electric bicycles in Slovenia has the potential to reshape the Regular Bicycles Market and drive growth in the overall Bicycles Market.

Local special circumstances: In Slovenia, the Regular Bicycles Market within the Bicycles Market is heavily influenced by the country's mountainous terrain and love for outdoor activities. This has led to a strong demand for durable and high-performance bicycles suitable for off-road trails. Additionally, the government's focus on promoting eco-friendly transportation has boosted the popularity of bicycles as a mode of transportation. The market also caters to the country's cycling culture, with a variety of specialty bikes and accessories available for enthusiasts.

Underlying macroeconomic factors: The Regular Bicycles Market within the Bicycles Market in Slovenia is also affected by macroeconomic factors like global economic trends, national economic health, fiscal policies, and financial indicators. The country's stable economic growth and favorable regulatory environment have contributed to the increasing demand for regular bicycles. Furthermore, the government's initiatives to promote cycling as a sustainable mode of transportation have also positively impacted the market. However, the rising cost of raw materials and fluctuations in currency exchange rates may hinder market growth. Additionally, the aging population and increasing health awareness among consumers have also led to a rise in demand for regular bicycles, as they offer a cost-effective means of exercise and transportation.

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.