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Bicycle, Wheelchair & Pram Manufacturing in Europe - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

ISIC 3092 March 2024 Spotlight Report

Revenue

€10.7bn

2019-2024 2.1 %
2024-2029 X.X %

Employees

53,103

2019-2024 5.6 %
2024-2029 X.X %

Businesses

2,318

2019-2024 3.3 %
2024-2029 X.X %

Wages

€X.Xbn

2019-2024 X.X %
2024-2029 X.X %

Bicycle, Wheelchair & Pram Manufacturing in Europe industry analysis

Bicycle, wheelchair and pram manufacturing has experienced competition from low-cost Asian producers, leading to a mixed performance. The pandemic led to a slowdown fall in bicycle orders due to lockdown measures. Still, interest in cycling recovered quickly because of a surge in fuel prices, raising orders from retailers and wholesalers. Ever-growing health consciousness among Europeans is sparking a surge in interest in cycling. At the same time, the industry also benefits from the advent of smart customised and multifunctional prams, which are catching the attention of younger parents.

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  • Market estimates from 2014-2029
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Industry Statistics and Trends

Bicycle, Wheelchair & Pram Manufacturing in Europe key trends

Competition from Asia digs into profitability.

 

Import competition from China, Japan and Taiwan forces European manufacturers to match prices, which drains profitability. Imports of bicycles from Asia remain high despite EU tariffs.

The surge in fuel prices drove cycle sales.

 

Heated fuel prices due to the Russia-Ukraine conflict led to less car usage and a sharp boost for bicycles that are cheaper to run.

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Bicycle, Wheelchair & Pram Manufacturing in Europe

Industry Revenue

Total value and annual change from 2011-2029. Includes 5-year outlook.

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Bicycle, Wheelchair & Pram Manufacturing in Europe market size (2019-2024)

Industry revenue has declined at a CAGR of 2.1 % over the past five years, to reach an estimated €10.7bn in 2024.

Trends and Insights

A sharp expansion in fuel prices raises interest in bicycles in Germany, Spain and UK

  • Hikes in fuel prices in Germany, Spain and Britain boosted bicycle sales as car running costs soared, boosting sales in 2022.

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Bicycle, Wheelchair & Pram Manufacturing in Europe outlook (2024-2029)

Market size is projected to grow over the next five years.

French government policies to improve air quality drive sales of bicycles

  • French and EU manufacturers in neighbouring countries will benefit from policies and funding to advance the cycling rate, which is positive for manufacturers.

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Revenue

€10.7bn

2019-2024 2.1 %
2024-2029 X.X %

Employees

53,103

2019-2024 5.6 %
2024-2029 X.X %

Wages

€X.Xbn

2019-2024 X.X %
2024-2029 X.X %

European Leaders & Laggards

Europe Job Growth CAGR: 5.6 % *
  • Job Growth

Top 5 Countries

  1. Latvia +36.9%
  2. Romania +16.9%
  3. United Kingdom +13.6%
  4. Netherlands +10.8%
  5. Poland +9.5%

Bottom 5 Countries

  1. Bosnia & Herzegovina -15.1%
  2. Estonia -10.4%
  3. Norway -10.2%
  4. Slovenia -3.9%
  5. Hungary -2.8%

* CAGR values are for the years 2019-2024.

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Biggest companies in the Bicycle, Wheelchair & Pram Manufacturing in Europe

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Intersport France SA
1,835.0
14.5
0.8
RTE SA
1,395.0
129.0
9.2
Pending System GmbH & Co
1,309.0
47.0
3.6

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Bicycle, Wheelchair & Pram Manufacturing in Europe

Products & Services Segmentation

Industry revenue broken down by key product and services lines.

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Top Questions Answered in this Report

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What is the market size of the Bicycle, Wheelchair & Pram Manufacturing industry in Europe in 2024?

The market size of the Bicycle, Wheelchair & Pram Manufacturing industry in Europe is €10.7bn in 2024.

How many businesses are there in the Bicycle, Wheelchair & Pram Manufacturing in Europe industry in 2024?

There are 2,318 businesses in the Bicycle, Wheelchair & Pram Manufacturing industry in Europe, which has grown at a CAGR of 3.3 % between 2019 and 2024.

Has the Bicycle, Wheelchair & Pram Manufacturing industry in Europe grown or declined over the past 5 years?

The market size of the Bicycle, Wheelchair & Pram Manufacturing industry in Europe has been declining at a CAGR of 2.1 % between 2019 and 2024.

What is the forecast growth of the Bicycle, Wheelchair & Pram Manufacturing industry in Europe over the next 5 years?

Over the next five years, the Bicycle, Wheelchair & Pram Manufacturing industry in Europe is expected to grow.

What does the Bicycle, Wheelchair & Pram Manufacturing in Europe include?

Bicycles and Tricycles are part of the Bicycle, Wheelchair & Pram Manufacturing industry.

Which countries have the most businesses in the Bicycle, Wheelchair & Pram Manufacturing industry in Europe?

The European country with the most businesses in the Bicycle, Wheelchair & Pram Manufacturing industry is Italy.

How competitive is the Bicycle, Wheelchair & Pram Manufacturing industry in Europe?

The level of competition is high and increasing in the Bicycle, Wheelchair & Pram Manufacturing industry in Europe.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Companies in the industry manufacture non-motorised bicycles, including delivery tricycles, tandems, children's bicycles and tricycles. The industry also includes the production of parts and accessories for bicycles, invalid carriages and baby carriages.

Related Terms

Bicycle Cycle ZoneE-BIKE

What's included in this industry?

BicyclesTricyclesWheelchairsParts and accessories for bicycles and tricycles Baby carriages

Companies

Intersport France SARTE SAPending System GmbH & Co

Industry Code

ISIC 2006

3092 - Manufacture of bicycles and invalid carriages in Europe

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Performance

Key Takeaways

A sharp expansion in fuel prices raises interest in bicycles in Germany, Spain and UK

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Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue in the Bicycle, Wheelchair & Pram Manufacturing in Europe industry (2011 -2029)
  • Employees in the Bicycle, Wheelchair & Pram Manufacturing in Europe industry (2011 -2029)
  • Business in the Bicycle, Wheelchair & Pram Manufacturing in Europe industry (2011 -2029)
  • Profit in the Bicycle, Wheelchair & Pram Manufacturing in Europe industry (2011 -2029)
Analysis

What's driving current industry performance in the Bicycle, Wheelchair & Pram Manufacturing in Europe industry?


Outlook

Analysis

What's driving the Bicycle, Wheelchair & Pram Manufacturing in Europe industry outlook?


Volatility

Analysis

What influences volatility in the Bicycle, Wheelchair & Pram Manufacturing in Europe industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Bicycle, Wheelchair & Pram Manufacturing in Europe industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Green policies across Europe drive the production of bicycles. Efforts by European governments to reduce emissions by getting cars off the road are driving the production of bicycles, with Portugal, Romania and Italy leading the way.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Bicycle, Wheelchair & Pram Manufacturing in Europe industry's products and services performing?

Analysis

What are innovations in the Bicycle, Wheelchair & Pram Manufacturing in Europe industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Bicycle, Wheelchair & Pram Manufacturing in Europe industry?


International Trade

Highlights

  • Largest Importer
  • Smallest Importer
  • Total Imports into Europe
  • Largest Exporter
  • Smallest Exporter
  • Total Exports into Europe
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Revenue by Region (2024)
  • Share of Total Industry Enterprises by Region (2024)
  • Share of Total Industry Employment by Region (2024)
  • Share of Total Industry Wages by Region (2024)

Industry Geographic Breakdown

Data Tables

Values and annual change provided for 37 European countries:

  • Revenue (2024)
  • IVA (2024)
  • Enterprises (2024)
  • Employment (2024)
  • Exports (2024)
  • Imports (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

High import penetration weakens concentration. The high influx of e-bikes from Taiwan, China, Japan, Vietnam and Indonesia is reducing the market share of European manufacturers because these countries can offer lower prices.

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Supply Chain

Charts

Buyer and supply industries

Companies

Market Share

Charts
  • Industry Market Share by Company (2019-2024)

Companies

Data Tables

Top 10 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit Margin (2024)

Data Tables
  • Countries of operation for Intersport France SA
  • Countries of operation for RTE SA
  • Countries of operation for Pending System GmbH & Co
  • Countries of operation for Merida Industry Co Ltd
  • Countries of operation for Trek Bicycle Corporation
  • Countries of operation for Canyon Bicycles GmbH
  • Countries of operation for Orbea S.COOP
  • Countries of operation for Royal Dutch Gazelle NV
  • Countries of operation for Pinarello SpA
  • Countries of operation for Bianchi Industrial SpA

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Safety standards are strict for bicycles sold in the EU. European manufacturers looking to tap into the EU market for bicycles and prams must follow safety regulations. Manufacturers must pass tests on the strength and durability of the bicycle.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Bicycle, Wheelchair & Pram Manufacturing in Europe industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Premium bicycles drive profit. European bicycle manufacturers are producing more expensive bicycles at a higher margin due to the influx of imports of cheaper bicycles. Premium brands like KTM and Simplon cost thousands of euros, elevating profitability.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Bicycle, Wheelchair & Pram Manufacturing in Europe industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.