HELSINKI, Finland - The Finnish bike sector may face a serious stagnation and decline of sales this year due to the national government's recent decision to abolish the tax benefit for companies' bicycles beginning in 2026.

HELSINKI, Finland - The e-bike and bicycle boom in Finland which started during the pandemic continued into 2022. The market is still expanding in terms of market volumes, retailer turnover and average retail prices. According to industry insiders the current market developments show a sustainable change in consumer behaviour.

HELSINKI, Finland - People embraced cycling on a massive scale for commuting and leisure last year. The trends in the Finnish bicycle market are in line with developments in other European countries. As a result, the e-bike is rapidly gaining market share while the total market volume has been stable for some years.

HELSINKI, Finland - In line with the trend as in most other European countries, e-bike sales in Finland increased in 2019. Although the number of units is still relatively small, the total market volume increased spectacularly to 23,000 e-bikes last year.

This year's unusually hot summer had a refreshing effect on the bicycle market in Finland. All business data shows there have been busy days in retail shops throughout the summer. These shoppers were in particular buying Fat bikes and also electric bicycles. E-bike sales doubled, but in absolute numbers is still low.

STOCKHOLM, Sweden - The hot and rain-free super summer of 2018 made e-bike sales in Sweden, Denmark and Finland to skyrocket. The markets for electric bicycles in the three Nordic countries are growing to maturity, while Sweden now ranks among the largest e-bike markets of Europe.