In 2023, the EU produced 9.7 million bicycles, marking a dramatic 24% drop from 12.7 million in 2022, with 14 out of 17 EU countries reporting declines.
The significant downturn in bicycle production may ultimately reflect economic uncertainties stemming from the COVID-19 pandemic, inflation, and changing consumer spending priorities.
Additionally, supply chain disruptions have contributed to the drop, with shortages in critical materials affecting manufacturers' ability to meet production demands for both traditional and e-bikes.
Although traditional bicycle production is struggling, the market has begun shifting towards e-bikes, indicating a potential evolution in consumer preferences and future production focus.
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