The European bicycle market is booming, with over 20 million ebikes being sold there

SWFT-ZIP-M20X 20" Ebike Fat Tires

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.