Industry Statistics and Rankings
How does this industry perform in Finland compared to Europe?
Country Benchmarking
Industry Data Finland
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#21 In EuropeBusiness
#19 In EuropeEmployees
#24 In EuropeWages
#21 In EuropeBicycle, 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.
Enterprises
Number of businesses in 2024
Biggest companies in the Bicycle, Wheelchair & Pram Manufacturing in Finland
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Trek Bicycle Corporation | 1,107.0 | 12.9 | 1.2 |
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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 Finland in 2024?
The market size of the Bicycle, Wheelchair & Pram Manufacturing industry in Finland is €32.5m in 2024.
How many businesses are there in the Bicycle, Wheelchair & Pram Manufacturing in Finland industry in 2024?
There are 19 businesses in the Bicycle, Wheelchair & Pram Manufacturing industry in Finland, which has grown at a CAGR of 6.3 % between 2019 and 2024.
Has the Bicycle, Wheelchair & Pram Manufacturing industry in Finland grown or declined over the past 5 years?
The market size of the Bicycle, Wheelchair & Pram Manufacturing industry in Finland has been growing at a CAGR of 4.7 % between 2019 and 2024.
What is the forecast growth of the Bicycle, Wheelchair & Pram Manufacturing industry in Finland over the next 5 years?
Over the next five years, the Bicycle, Wheelchair & Pram Manufacturing industry in Finland is expected to grow.
What are the biggest companies in the Bicycle, Wheelchair & Pram Manufacturing market in Finland?
The biggest company operating in the Bicycle, Wheelchair & Pram Manufacturing market in Finland is Trek Bicycle Corporation
What does the Bicycle, Wheelchair & Pram Manufacturing in Finland include?
Bicycles and Tricycles are part of the Bicycle, Wheelchair & Pram Manufacturing industry.
Which companies have the highest market share in the Bicycle, Wheelchair & Pram Manufacturing in Finland?
The company holding the most market share in Finland is Trek Bicycle Corporation.
How competitive is the Bicycle, Wheelchair & Pram Manufacturing industry in Finland?
The level of competition is moderate and steady in the Bicycle, Wheelchair & Pram Manufacturing industry in Finland.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
- Electric Motor, Generator & Transformer Manufacturing in Finland
- Motor Vehicle Manufacturing in Finland
- Motorcycle Manufacturing in Finland
Complementors
- Rubber Tyre Manufacturing and Repair in Finland
- Plastic Product Manufacturing in Finland
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-BIKEWhat's included in this industry?
BicyclesTricyclesWheelchairsParts and accessories for bicycles and tricycles Baby carriagesCompanies
Trek Bicycle CorporationIndustry Code
3092 - Manufacture of bicycles and invalid carriages in Finland
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Performance
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
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Bicycle, Wheelchair & Pram Manufacturing in Finland industry?
Outlook
Analysis
What's driving the Bicycle, Wheelchair & Pram Manufacturing in Finland industry outlook?
Volatility
Analysis
What influences volatility in the Bicycle, Wheelchair & Pram Manufacturing in Finland 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 Finland 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.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Bicycle, Wheelchair & Pram Manufacturing in Finland industry's products and services performing?
Analysis
What are innovations in the Bicycle, Wheelchair & Pram Manufacturing in Finland industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Bicycle, Wheelchair & Pram Manufacturing in Finland industry?
International Trade
Highlights
- Total Imports into Finland
- Total Exports into Finland
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)
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.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Bicycle, Wheelchair & Pram Manufacturing in Finland located?
Companies
Data Tables
Top 1 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
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.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Bicycle, Wheelchair & Pram Manufacturing in Finland 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.
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 Finland 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.
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