European bicycle sales slowed significantly in 2022 after strong growth during the pandemic, but sales of electric models are showing steady growth, according to a report from the European Bicycle Industry Association (Konibi) on Tuesday. .
In 2022, 14.7 million non-electric bikes were sold in the European Union and the UK, down 9.1% from 2021.
However, electric bikes hit a record 5.5 million bikes, up +8.6%, with Germany, France and the Netherlands leading the list, and one in four bikes sold in Europe was electric, according to Agence France. press.
And with e-bikes selling at higher prices, the decline in sales hasn’t dampened global sales, which stood at €21.2 billion, up 7.4% year-on-year.
“The European industry has shown remarkable resilience in 2022 despite a significant decline in sales of traditional bicycles and continued post-pandemic logistical challenges,” said Konibi President Erhard Bohl.
He added: “The future is still promising. We are being urged to focus on sustainable development and the development of European manufacturing.”
The number of bicycles produced in Europe decreased slightly and amounted to 15.3 million bicycles (-5% yoy), but the number of electric bicycles produced increased significantly and reached 5.4 million bicycles, an increase of 19%.
