Changes in flat prices of bicycles in three European countries in recent five years
Germany
Germany is one of the major markets for bicycles in Europe, and the price of bicycles in Germany has risen over the past five years, with the biggest increase in 2019-2022, up nearly 40 per cent. 2022 saw prices rise to a peak of €1,602, up 14.8 per cent year-on-year. The average increase over the five-year period is more than 20 per cent, with the largest increases in comparison to the Netherlands and France.The average price of a mechanical bicycle in Germany will be €500 in 2022, 7.3 per cent higher than in 21 years. The average price of an e-bike in Germany will be €2,800 in 2022, 7.3 per cent higher than in FY21. In 2023, the German bicycle industry will continue to grow, with exports and production increasing at the same time, with a 56% increase in exports in the first quarter, with e-bikes being the main driver.
The Netherlands
Netherlands bicycle ownership itself in Europe's leading level, bicycle prices are also in Europe is also high, the price growth in the past five years is not large, but still in the growth trend, the growth rate of an average of more than 10 per cent. 2022 the average sales price of bicycles as high as 1,772 euros, compared with Germany and France the highest prices. Which the total sales of bicycles in 2022 will increase by 0.9% compared to last year, the average selling price will also increase by 8.9% compared to 2021 to 1,772 euros, but into 2023, the Dutch market, the high inventory of the market has a greater impact on the market sales, in order to clear the inventory of the manufacturers of the low-priced sales to make profits and profitability decline, compared with the first quarter of 2022, the first quarter of 23 revenue declined by more than 10.3 per cent. and the average selling price of bikes may also have been affected. Product.
France
The price of bicycles sold in France has risen rapidly at a rate of nearly 20% over five years, with the largest increase of 25% in 2020. the French bicycle market reached €916 in 2022, with cumulative sales of €3.6bn in the same year, an increase of 5.2% year-on-year. Bicycle sales of 2,596,000 units are down 6.9 per cent year-on-year, a slight decrease compared to 2021. The French bicycle market was mainly driven by sales of electrically-assisted bicycles, but sales of mechanical bicycles declined, with sales of electrically-assisted bicycles again setting a record in 2022, with 738,000 units sold. In contrast, bicycle sales are down 13 per cent from 2021, continuing a trend of reduction that began in 2016.
Overall, it seems that Germany, France and the Netherlands are all trending upwards in terms of bicycle selling prices, with the largest increase in Germany and the highest prices in the Netherlands, and all with e-bikes as the main growth market, with the mechanical bicycle market all starting to shrink. In addition to the electrification of bicycles to pull up the market price, the price growth of bicycles is also related to the development of industry technology, the use of intelligent technology for e-bikes to add more human-vehicle interconnectivity features, such as mobile phone apps to control the car, smart keys, smart anti-theft and other high-tech features, high-end intelligence is also the main direction of the development of the current e-bike.High-end intelligence is also the main development direction of our Gravitas, and we hope we can bring you more and better products in the future.
-Gravity Ebikes
info@gravitysz.com
01th/12/23