German bicycle market defies negative consumer confidence
BERLIN, Germany – Bicycle production and sales in Germany attained very high levels in 2023, comparable to the bicycle boom in 2020. Despite the generally negative consumer climate, sales value of bicycles and e-bikes combined in Germany only slightly decreased by 4% from €7.36 billion in 2022 to €7.06 billion last year. Source
BERLIN, Germany – Bicycle production and sales in Germany attained very high levels in 2023, comparable to the bicycle boom in 2020. Despite the generally negative consumer climate, sales value of bicycles and e-bikes combined in Germany only slightly decreased by 4% from €7.36 billion in 2022 to €7.06 billion last year.
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