2022 WBIA Report: China is the largest bicycle and e-bike market in the world

China is the largest bicycle and e-bike market in the world

China accounted for 32 percent of global bicycle and e-bikes unit sales in 2021. It is the single largest bicycle and e-bike market in the world. Europe accounted for 18.7 percent of global bicycle and e-bikes sales followed by the United States (13.5 percent) and India (13.5 percent). The European and United States markets combined are the same size as China’s domestic market. This means that economic conditions in the domestic China market have a significant significant effect on the entire industry.