| Product Code: ETC4929116 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Despite a declining CAGR and negative growth rate in 2024, Belgium continues to be a significant importer of bicycles. The top exporting countries to Belgium, including the Netherlands, Germany, and France, maintain a strong presence in the market. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market landscape. The industry may face challenges, but the consistent import shipments highlight the enduring demand for bicycles in Belgium.

The Bicycle market in Belgium is projected to grow at a stable growth rate of 2.65% by 2027, within the Europe region led by Germany, along with other countries like United Kingdom, France, Italy and Russia, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Belgium Bicycle Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Bicycle Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Bicycle Market - Industry Life Cycle |
3.4 Belgium Bicycle Market - Porter's Five Forces |
3.5 Belgium Bicycle Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Belgium Bicycle Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Belgium Bicycle Market Revenues & Volume Share, By End-user, 2021 & 2031F |
3.8 Belgium Bicycle Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Belgium Bicycle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness and adoption of sustainable transportation options |
4.2.2 Government initiatives promoting cycling infrastructure and bike-sharing programs |
4.2.3 Health and wellness trends leading to a growing interest in cycling |
4.3 Market Restraints |
4.3.1 Seasonal weather variations affecting cycling activities |
4.3.2 Competition from other modes of transportation such as cars and public transport |
4.3.3 High initial cost and ongoing maintenance expenses associated with bicycles |
5 Belgium Bicycle Market Trends |
6 Belgium Bicycle Market Segmentations |
6.1 Belgium Bicycle Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Belgium Bicycle Market Revenues & Volume, By Mountain Bikes, 2021-2031F |
6.1.3 Belgium Bicycle Market Revenues & Volume, By Hybrid Bikes, 2021-2031F |
6.1.4 Belgium Bicycle Market Revenues & Volume, By Road Bikes, 2021-2031F |
6.1.5 Belgium Bicycle Market Revenues & Volume, By Cargo Bikes, 2021-2031F |
6.1.6 Belgium Bicycle Market Revenues & Volume, By Others, 2021-2031F |
6.2 Belgium Bicycle Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Belgium Bicycle Market Revenues & Volume, By Electric, 2021-2031F |
6.2.3 Belgium Bicycle Market Revenues & Volume, By Conventional, 2021-2031F |
6.3 Belgium Bicycle Market, By End-user |
6.3.1 Overview and Analysis |
6.3.2 Belgium Bicycle Market Revenues & Volume, By Men, 2021-2031F |
6.3.3 Belgium Bicycle Market Revenues & Volume, By Women, 2021-2031F |
6.3.4 Belgium Bicycle Market Revenues & Volume, By Kids, 2021-2031F |
6.4 Belgium Bicycle Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Belgium Bicycle Market Revenues & Volume, By Online, 2021-2031F |
6.4.3 Belgium Bicycle Market Revenues & Volume, By Offline, 2021-2031F |
7 Belgium Bicycle Market Import-Export Trade Statistics |
7.1 Belgium Bicycle Market Export to Major Countries |
7.2 Belgium Bicycle Market Imports from Major Countries |
8 Belgium Bicycle Market Key Performance Indicators |
8.1 Number of cycling lanes and bike-friendly infrastructure developments |
8.2 Participation rates in cycling events and initiatives |
8.3 Frequency of health and wellness campaigns promoting cycling |
9 Belgium Bicycle Market - Opportunity Assessment |
9.1 Belgium Bicycle Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Belgium Bicycle Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Belgium Bicycle Market Opportunity Assessment, By End-user, 2021 & 2031F |
9.4 Belgium Bicycle Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Belgium Bicycle Market - Competitive Landscape |
10.1 Belgium Bicycle Market Revenue Share, By Companies, 2024 |
10.2 Belgium Bicycle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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