The European bicycle market is booming, with over 20 million ebikes being sold there
The much anticipated 2022 European Bicycle Industry and Market Profile Report was published by CONEBI, the Confederation of the European Bicycle, E-Bike, Parts & Accessories Industries. According to the most recent figures, sales of bikes and e-bikes in the EU27 and the UK increased by a staggering 40% in 2021, reaching a 20-year high of 18.3 billion euros or 22 million units sold.