Europe: Motorcycle And Bicycle Market 2024

Motorcycle And Bicycle Market Size in Europe

After six years of growth, the Europe motorcycle and bicycle market decreased by X% to $X in 2023. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2022, and then contracted modestly in the following year.

Motorcycle And Bicycle Production in Europe

In value terms, motorcycle and bicycle production totaled $X in 2023 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2018 to 2023, production growth remained at a somewhat lower figure.

Motorcycle And Bicycle Exports

Exports in Europe

In 2023, overseas shipments of motorcycles and bicycles decreased by X% to X units, falling for the second year in a row after ten years of growth. Total exports indicated pronounced growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports reached the peak figure at X units in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, motorcycle and bicycle exports expanded to $X in 2023. In general, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The level of export peaked in 2023 and is likely to continue growth in years to come.

Exports by Country

In 2023, the Netherlands (X units), Spain (X units), Germany (X units), Italy (X units), Portugal (X units), Belgium (X units), Poland (X units), Austria (X units), Romania (X units), France (X units), Bulgaria (X units) and the Czech Republic (X units) represented the main exporter of motorcycles and bicycles in Europe, creating X% of total export.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Austria (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

Bulgaria, with a CAGR of X%, 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 2023, the export price in Europe amounted to $X per unit, growing by X% against the previous year. Export price indicated a measured expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, motorcycle and bicycle export price increased by X% against 2014 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Austria ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Bulgaria (X%), while the other leaders experienced more modest paces of growth.

Motorcycle And Bicycle Imports

Imports in Europe

In 2023, purchases abroad of motorcycles and bicycles decreased by X% to X units, falling for the second year in a row after six years of growth. Total imports indicated a mild expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X units. From 2022 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, motorcycle and bicycle imports reduced modestly to $X in 2023. In general, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2022, and then dropped in the following year.

Imports by Country

The purchases of the six major importers of motorcycles and bicycles, namely Germany, the Netherlands, Russia, France, Belgium and the UK, represented more than half of total import. It was distantly followed by Spain (X units), mixing up a X% share of total imports. Italy (X units), Austria (X units), Poland (X units), Switzerland (X units), the Czech Republic (X units) and Denmark (X units) took a minor share of total imports.

From 2012 to 2023, the biggest increases were recorded for Austria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest motorcycle and bicycle importing markets in Europe were Germany ($X), France ($X) and the Netherlands ($X), with a combined X% share of total imports. Italy, Belgium, Spain, the UK, Austria, Switzerland, Russia, Poland, the Czech Republic and Denmark lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, Austria, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Europe amounted to $X per unit, surging by X% against the previous year. Import price indicated a strong expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, motorcycle and bicycle import price increased by X% against 2014 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Spain (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform