Regular Bicycles - United Kingdom

United Kingdom

Revenue in the Regular Bicycles market in the United Kingdom is forecasted to reach €0.81bn by 2024.
This projection anticipates an annual growth rate (CAGR 2024-2029) of -6.79%, leading to a market volume of €0.57bn by 2029.
The unit sales in the Regular Bicycles market of the United Kingdom are expected to hit 1.17m bicycles by 2029.
The volume weighted average price of Regular Bicycles market in the United Kingdom is estimated to be €0.53k in 2024.
Internationally, the United States is poised to generate the highest revenue in the Regular Bicycles market, reaching €6,399m in 2024.

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Regular Bicycles Market in the United Kingdom is currently experiencing subdued growth due to factors such as a decline in consumer interest and the emergence of new transportation options. Despite this, the market continues to be driven by traditional cycling enthusiasts and the convenience offered by local bike shops. However, the growth rate remains impacted by changing consumer preferences and the introduction of alternative forms of transportation.

Local special circumstances: In the United Kingdom, the Regular Bicycles Market is heavily influenced by the country's cycling culture and government initiatives promoting sustainable transportation. The popularity of cycling events and cycling tourism also drives demand for regular bicycles. Additionally, the UK's strict environmental regulations and emphasis on reducing carbon emissions have led to an increased demand for eco-friendly transportation options, further boosting the Regular Bicycles Market.

Underlying macroeconomic factors: The growth of the Regular Bicycles Market within the Bicycles Market is also influenced by macroeconomic factors such as consumer spending, disposable incomes, and economic stability. Countries with strong economic growth and high levels of disposable income are likely to see higher demand for regular bicycles as a mode of transportation and leisure activity. Additionally, government initiatives to promote cycling as a sustainable and healthy form of transportation can also drive market growth. However, fluctuations in exchange rates, trade policies, and economic downturns can negatively impact consumer purchasing power and dampen market growth.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the sales of regular bicycles and the respective average prices for bicycles.

Modeling approach:

Market sizes are determined through a Bottom-Up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use publications of industry associations, expert blogs, and data provided by governments and scientific institutions. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, population, and consumer spending per capita (based on current prices). This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the ARIMA time series forecast and forecasts based on previous growth rates are well suited for forecasting the future demand for bicycles due to the brick and mortar nature of this market. The main drivers are GDP, consumer spending per capita, and population.

Additional notes:

The data is modeled using current exchange rates. The market is updated once a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).