Spanish bicycle market breaks sales records
With bicycle sales reached a record 1,571,368 units sold in 2021, and sector turnover up by 10.76% to 2,887.89 million euros, the Spanish bicycle market has grown by double digits for a second year in a row.
The announcement from the Spanish Bicycle Industry Association (AMBE) also highlights that, “with over 220,000 units sold in 2021, the electric bicycle is positioned as the most popular electric vehicle in Spain.”
Interestingly, soft goods sales also saw a significant boost, with “sales of footwear (+23.3%), helmets (+30.8%), parts (+10.27%) and textiles (+13.8%) growing particularly strong(ly)”.
Also reported, “Job figures grow by almost 3% in 2021 driven by the increase in domestic manufacturers (+7.14%) and new shop openings (+1.58%).”
The annual AMBE report, delivered in in collaboration with Cofidis, also highlights that:
- The number of manufacturers grew by 7.14%, reaching 180 companies
- The number of sales, repair and rental shops increased to 3,028 establishments
- The cycling sector in Spain contributes with almost 25.000 direct jobs to the Spanish economy
Furthermore, according to data published by the Ministry of Industry, Trade and Tourism, bicycle production in Spain increased by 75.1% in 2021 and exports grow by almost 50% in the last year.
Jesús Freire, Secretary General of AMBE. comments, “Supply problems have limited the growth of the sector but have also contributed to an increase in the national production. The bicycle industry contributes decisively to the industrialization of Spain, creating high quality jobs and new business opportunities”
AMBE represents over 65% of the turnover of the Spanish cycling sector and produces the annual Spanish bicycle market report in collaboration with Cofidis and official data provider, Sport Panel.
Collectively the European cycling and electric bike market was worth €18.3 billion in 2020, according to analysis from trade body umbrella CONEBI.
