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E-bike boom across Europe: some numbers

2022 saw continued growth with a relative increase in turnover and investments in the European bicycle industry.

This is the result of the latest report by CONEBI (European Confederation of the Bike, E-Bike, Components and Accessories Industry.

The report highlighted how the e-bike sector has had healthy production, record levels of sales of pedal-assisted bicycles accompanied by a decline in traditional bicycles.

“The European market data is in line with the national growth trends for 2022, which we have outlined with our estimates. Alongside the continued success of the pedal-assisted bike, it is clear that the cycling sector is a driving sector that needs to be taken into account with greater foresight, enhancing demand on the domestic market, especially in light of the production leadership that our country holds in the Eurozone. We are faced with an industry with greater professionalism and new skills than in the past, which last year alone generated a turnover of 3.2 billion euros in Italy, which offers employment and concrete solutions to the need for mobility that comes above all from urban contexts", he has declared Paolo Magri, president of Confindustria ANCMA (National Association of Cycle and Motorcycle Accessories).

2022 saw an overall slowdown in bicycle sales, marking 14.7 million units, as opposed to 17.1 million units in 2021, but also saw a continued increase in demand for electric bicycles, exceeding 5.5 million units sold in 2022.

Total sales of bicycles and e-bikes reached a value of 21.2 billion euros, equal to +7.4% compared to 2021.

Regarding production, 15.2 million bicycles were assembled in Europe in 2022, of which 5.4 million were ebikes. The production of bicycle parts and accessories also saw a substantial increase in 2022, with a value of more than €4.8 billion from €3.6 billion in 2021.

In 2022, industry investments reached 2 billion euros, +14% compared to 1.75 billion euros in 2021. Direct jobs in the sector have seen a steady increase of 3% since 2021, which brings the total of the jobs direct/indirect in Europe at approx 180.000.

“In 2022 - points out Erhard Büchel, President of CONEBI – The European bicycle industry has demonstrated remarkable resilience, despite the significant slowdown in sales of traditional bicycles and supply chain slowdowns, which still persist. We are encouraged by the industry's increased emphasis on sustainability and the growing trend towards European manufacturing. The future of our industry is promising. That said, the EU and national political decisions have a key role in the medium and long-term growth of the industry and market in Europe."

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