Market in Russia Is Developing Yet Stagnating

MOSCOW, Russia – The Russian bike market didn’t make any significant achievements in 2019. Sales is estimated at 3 – 3.5 million bicycles; half of that number is locally assembled with China made parts. The other half is imported directly from China. Only some 30,000 bikes are of internationally renowned brands. Kid bikes are traditionally one of the strongest segments in Russia. Local brand Stels accounts for about a third of the market.