Europe: Motorcycle And Bicycle Market 2024

Motorcycle And Bicycle Market Size in Europe

In 2021, the Europe motorcycle and bicycle market increased by 8.5% to $X, rising for the sixth year in a row after two years of decline. The total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +70.8% against 2015 indices. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Motorcycle And Bicycle Production in Europe

In value terms, motorcycle and bicycle production fell rapidly to $X in 2021 estimated in export price. The total production indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the production volume increased by 59%. Over the period under review, production reached the maximum level at $X in 2020, and then declined rapidly in the following year.

Motorcycle And Bicycle Exports

Exports in Europe

For the sixth year in a row, Europe recorded growth in shipments abroad of motorcycles and bicycles, which increased by 14% to X units in 2021. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +68.2% against 2015 indices. The most prominent rate of growth was recorded in 2020 with an increase of 21%. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, motorcycle and bicycle exports soared to $X in 2021. In general, exports showed resilient growth. The growth pace was the most rapid in 2020 with an increase of 23% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

The Netherlands (X units), Italy (X units), Germany (X units), Portugal (X units), Spain (X units), Belgium (X units), Romania (X units), Poland (X units), Bulgaria (X units), Austria (X units), Hungary (X units) and the Czech Republic (X units) represented roughly 85% of total exports in 2021.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +72.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest motorcycle and bicycle supplying countries in Europe were Germany ($X), the Netherlands ($X) and Italy ($X), together comprising 53% of total exports. Austria, Belgium, Spain, Bulgaria, Portugal, Hungary, the Czech Republic, Poland and Romania lagged somewhat behind, together accounting for a further 37%.

Hungary, with a CAGR of +52.5%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Europe amounted to $X per unit, with an increase of 5.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. The growth pace was the most rapid in 2017 when the export price increased by 8.1% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Austria ($X per unit), while Romania ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+19.3%), while the other leaders experienced more modest paces of growth.

Motorcycle And Bicycle Imports

Imports in Europe

In 2021, approx. X units of motorcycles and bicycles were imported in Europe; growing by 17% compared with the previous year. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +66.4% against 2014 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, motorcycle and bicycle imports soared to $X in 2021. Overall, imports showed strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, the Netherlands (X units), Germany (X units), the UK (X units), France (X units), Russia (X units), Belgium (X units), Spain (X units), Italy (X units), Poland (X units), Austria (X units), Denmark (X units) and Ukraine (X units) represented the key importer of motorcycles and bicycles in Europe, comprising 82% of total import.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +24.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 45% of total imports. These countries were followed by Belgium, Italy, Spain, the UK, Austria, Russia, Poland, Denmark and Ukraine, which together accounted for a further 38%.

Austria, with a CAGR of +15.7%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per unit in 2021, surging by 3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2018 an increase of 21%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($X per unit), while Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+7.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform