LONDON, United Kingdom - In contrast to other European markets, where declines in unit sales could be offset against higher sales values, this can't be said for the UK market. The post-COVID downturn in the UK cycling market has seen the total market value fall a further 6% in 2023, following an 18% decline in 2022. On top of that, in 2023 the UK had "the worst mechanical bike sales this century," the latest data confirms.
LONDON, England – Sales data collected from UK e-bike and bicycle retailers show that the market has taken a huge drop in 2022. With e-bike sales plateauing and regular bike sales dropping 22%, the country’s Bicycle Association is calling for action as the market hits a 20-year low.
LONDON, UK - The total number of bicycles sold in the UK in 2020 reached an estimated 3.3 million units, data from market intelligence agency Mintel has revealed. This is a 22% rise on the 2019 sales. Although e-bikes are yet to play a key role in volume to the same degree as in other European markets, they have pushed the market value over the billion-pound barrier.
LONDON, UK - The British embraced cycling in 2020 as their new mobility trend to move around, particularly in urban areas. Covid made many people decide to take a bike instead of public transport for commuting. The latest UK government figures make clearer the extent of the e-bike sales spike in the country.
LONDON, UK - According to the latest statistics published by the UK government, 2020 has shown huge growth in the value of e-bikes imported into the UK. For the first time, the value of e-bikes imported from other EU countries overtook those from outside the EU. In the first nine months of 2020, the total value of e-bike imports already stood at around €109.56 million. This is a 31% hike in value compared to €89.78 million for the full 12 months in 2019.
LONDON, UK - A recent summary of import data has put the UK cycle market at an historic low in terms of the number of bikes arriving in the country. Official Q3 2019 government figures released to the UK's Bicycle Association showed just over one million units shipped in the year-to-date, a value that's less than the figures achieved in some quarters alone as recently as Q3 2015.
LONDON, UK - The number of bikes imported in the United Kingdom seems to have undergone a staggering transformation throughout the course of 2017. During the first two quarters it looked like they were on course to post an annual drop of between a quarter but they bounced back to post year-end sales of 3.1 million unit.
LONDON, UK - The vast majority of UK cycle sales are imports from the Far East and there is a booming but relatively tiny e-bike market numbering in the tens of thousands of units. Cycling UK suggests, based on 'informal industry estimate', that 30% of cycles sold are childrens', 30% MTBs, 10% road, 26% classic/hybrid, and 4% folding/other. They also suggest about half of the retail value of the cycle market comes from bicycle sales, and half from parts and accessories.
LONDON, UK - The bigger picture for bike sales in the UK, as reflected by HMRC (Her Majesty's Revenue and Customs) figures shows a stable picture despite a decline in 2015 in both units and value imported, with the value per unit staying almost identical. The vast bulk of bikes sold in the UK are imports, but recent figures for exports also show a healthy, stable growth trend.
LONDON, UK - The vast bulk of cycles sold in the UK are imported and UK government figures from Her Majesty's Revenue & Customs (HMRC) show that for the last 8 years cycle imports have been quite stable, hovering between 3 and 3.5 million units per annum.
