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Bicycle, Wheelchair & Pram Manufacturing in the UK - Market Size, Industry Analysis, Trends and Forecasts (2024-2028)

IBISWorld IBISWorld London, United Kingdom Last Updated: March 2024 SIC UK-C3092

Revenue

£10.7bn

2024-25

£11.2bn

Past 5-Year Growth

Profit

£XXX.Xm

Employees

53,103

Businesses

2,318

Wages

£X.Xbn

Bicycle, Wheelchair & Pram Manufacturing in the UK industry analysis

Bicycle, wheelchair and pram manufacturing has experienced competition from low-cost Asian producers, leading to a mixed performance. The pandemic led to a slowdown fall in bicycle orders due to lockdown measures. Still, interest in cycling recovered quickly because of a surge in fuel prices, raising orders from retailers and wholesalers. Ever-growing health consciousness among Europeans is sparking a surge in interest in cycling. At the same time, the industry also benefits from the advent of smart customised and multifunctional prams, which are catching the attention of younger parents.  

Trends and Insights

  • Competition from Asia digs into profitability. Import competition from China, Japan and Taiwan forces European manufacturers to match prices, which drains profitability. Imports of bicycles from Asia remain high despite EU tariffs.
  • Green policies across Europe drive the production of bicycles. Efforts by European governments to reduce emissions by getting cars off the road are driving the production of bicycles, with Portugal, Romania and Italy leading the way.
  • High import penetration weakens concentration. The high influx of e-bikes from Taiwan, China, Japan, Vietnam and Indonesia is reducing the market share of European manufacturers because these countries can offer lower prices.
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Top Questions Answered in this Report

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What is the market size of the Bicycle, Wheelchair & Pram Manufacturing industry in the United Kingdom in 2025?

The market size of the Bicycle, Wheelchair & Pram Manufacturing industry in the United Kingdom is £10.7bn in 2025.

How many businesses are there in the Bicycle, Wheelchair & Pram Manufacturing industry in the United Kingdom in 2024?

There are 2,318 businesses in the Bicycle, Wheelchair & Pram Manufacturing industry in the United Kingdom, which has grown at a CAGR of 3.3 % between 2019 and 2024.

Has the Bicycle, Wheelchair & Pram Manufacturing industry in the United Kingdom grown or declined over the past 5 years?

The market size of the Bicycle, Wheelchair & Pram Manufacturing industry in the United Kingdom has been growing at a CAGR of 0.9 % between 2019 and 2024.

What is the forecast growth of the Bicycle, Wheelchair & Pram Manufacturing industry in the United Kingdom over the next 5 years?

Over the next five years, the Bicycle, Wheelchair & Pram Manufacturing industry in the United Kingdom is expected to grow.

What does the Bicycle, Wheelchair & Pram Manufacturing industry in the United Kingdom include?

Bicycles and Tricycles are part of the Bicycle, Wheelchair & Pram Manufacturing industry in the United Kingdom.

How competitive is the Bicycle, Wheelchair & Pram Manufacturing industry in the United Kingdom?

The level of competition is high and increasing in the Bicycle, Wheelchair & Pram Manufacturing industry in the United Kingdom.

Everything you need in one report

  • Reliable market estimates from 2014-2029
  • Competitive analysis, industry segmentation, financial benchmarks
  • Powerful SWOT, Porter’s Five Forces and risk management frameworks
  • Online membership platform with PDF, Word, Excel and PPT exports

Table of Contents

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Safety standards are strict for bicycles sold in the EU. European manufacturers looking to tap into the EU market for bicycles and prams must follow safety regulations. Manufacturers must pass tests on the strength and durability of the bicycle.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Bicycle, Wheelchair & Pram Manufacturing in the UK industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Premium bicycles drive profit. European bicycle manufacturers are producing more expensive bicycles at a higher margin due to the influx of imports of cheaper bicycles. Premium brands like KTM and Simplon cost thousands of euros, elevating profitability.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Bicycle, Wheelchair & Pram Manufacturing in the UK industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and bottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

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