Bicycles - Netherlands

Netherlands

Revenue in the Bicycles market is projected to reach €1.39bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of -1.03%, resulting in a projected market volume of €1.32bn by 2029.
Bicycles market unit sales are expected to reach 0.62m bicycles in 2029.
The volume weighted average price of Bicycles market in 2024 is expected to amount to €1.93k.
From an international perspective it is shown that the most revenue will be generated in China (€11,470m in 2024).

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Analyst Opinion

The Netherlands' Bicycles Market has been experiencing a decline in growth rate, influenced by factors such as changing consumer preferences, and the rise of alternative transportation methods. However, the market still remains strong due to the country's strong cycling culture and government initiatives promoting sustainable transportation.

Customer preferences: The Netherlands has a strong cycling culture, with the government promoting sustainable and active modes of transportation. This has led to a growing demand for electric bicycles, as they offer a greener alternative to traditional cars and can cover longer distances. Additionally, with the rise of health and wellness trends, there has been an increase in the popularity of e-bikes among older demographics, who use them for leisure and exercise purposes. This trend is likely to continue as the population ages and the desire for sustainable and healthy lifestyles grows.

Trends in the market: In the Netherlands, the Bicycles Market is experiencing a surge in demand for electric bicycles, as consumers seek more eco-friendly and efficient modes of transportation. This trend is expected to continue, with the government promoting the use of electric bikes. Additionally, there is a growing trend of bike-sharing services, providing a convenient and affordable option for short-distance travel. These trends signify a shift towards sustainable transportation and have potential implications for industry stakeholders such as bike manufacturers, retailers, and rental companies. They will need to adapt to the changing market demands and invest in innovative technologies to stay competitive in the evolving landscape.

Local special circumstances: In the Netherlands, the Bicycles Market is heavily influenced by the country's strong cycling culture and infrastructure. With a flat landscape and well-maintained bike paths, cycling is a popular mode of transportation for both locals and tourists. Additionally, the Dutch government has implemented policies to promote and support cycling, such as tax incentives for employers who provide bicycles to their employees. This unique combination of cultural and regulatory factors has contributed to the growth and success of the Bicycles Market in the Netherlands.

Underlying macroeconomic factors: The Bicycles Market in Netherlands is heavily influenced by macroeconomic factors such as consumer spending, government policies, and economic stability. With a strong economy and high disposable income, the demand for bicycles has been steadily increasing in the country. Additionally, the Dutch government's focus on promoting sustainable transportation and reducing carbon emissions has further boosted the market growth. Furthermore, the rising trend of cycling as a form of exercise and leisure activity has also contributed to the market's growth. These factors combined make Netherlands a favorable market for the Bicycles Market, with a positive outlook for future growth.

Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on the sales of 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).