The value of the European bicycle market is expected to grow from a value of 16.4 billion U.S. dollars in 2021 to 33.61 billion U.S. dollars in 2027. While the total market value is projected to continue to rise, the year-on year growth is expected to slow from 17 percent between 2021 and 2022 to around 12 percent each year between 2022 and 2027.
European bicycle market size in 2021, with a forecast from 2022 to 2027
(in billion U.S. dollars)
Characteristic
Market size in billion USD
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Mobility Foresights. (July 31, 2021). European bicycle market size in 2021, with a forecast from 2022 to 2027 (in billion U.S. dollars) [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1356741/bicycle-market-forecast-europe/
Mobility Foresights. "European bicycle market size in 2021, with a forecast from 2022 to 2027 (in billion U.S. dollars)." Chart. July 31, 2021. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1356741/bicycle-market-forecast-europe/
Mobility Foresights. (2021). European bicycle market size in 2021, with a forecast from 2022 to 2027 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1356741/bicycle-market-forecast-europe/
Mobility Foresights. "European Bicycle Market Size in 2021, with a Forecast from 2022 to 2027 (in Billion U.S. Dollars)." Statista, Statista Inc., 31 Jul 2021, https://www.statista.com/statistics/1356741/bicycle-market-forecast-europe/
Mobility Foresights, European bicycle market size in 2021, with a forecast from 2022 to 2027 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1356741/bicycle-market-forecast-europe/ (last visited August 24, 2024)
European bicycle market size in 2021, with a forecast from 2022 to 2027 (in billion U.S. dollars) [Graph], Mobility Foresights, July 31, 2021. [Online]. Available: https://www.statista.com/statistics/1356741/bicycle-market-forecast-europe/