| Product Code: ETC5084593 | 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 |
In 2024, Belgium continued to be a key destination for bicycle imports, with top exporters being Netherlands, Germany, Metropolitan France, Italy, and Bulgaria. Despite a high Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry experienced a negative Compound Annual Growth Rate (CAGR) of -8.25% from 2020 to 2024. Furthermore, the growth rate sharply declined by -14.07% from 2023 to 2024, reflecting challenging market conditions for bicycle imports in Belgium.

Belgium's Bicycles market is anticipated to experience a stable growth rate of 2.65% by 2027, reflecting trends observed in the largest economy Germany, followed by United Kingdom, France, Italy and Russia.

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 Bicycles Market Overview |
3.1 Belgium Country Macro Economic Indicators |
3.2 Belgium Bicycles Market Revenues & Volume, 2021 & 2031F |
3.3 Belgium Bicycles Market - Industry Life Cycle |
3.4 Belgium Bicycles Market - Porter's Five Forces |
3.5 Belgium Bicycles Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Belgium Bicycles Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Belgium Bicycles Market Revenues & Volume Share, By End-users, 2021 & 2031F |
4 Belgium Bicycles Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness and adoption of eco-friendly transportation options |
4.2.2 Government initiatives promoting cycling infrastructure and sustainability |
4.2.3 Growing focus on health and wellness leading to higher demand for bicycles |
4.3 Market Restraints |
4.3.1 Seasonal demand fluctuations due to weather conditions |
4.3.2 High initial cost of purchasing bicycles for some consumers |
4.3.3 Competition from other modes of transportation like cars and public transportation |
5 Belgium Bicycles Market Trends |
6 Belgium Bicycles Market Segmentations |
6.1 Belgium Bicycles Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Belgium Bicycles Market Revenues & Volume, By Mountain, 2021-2031F |
6.1.3 Belgium Bicycles Market Revenues & Volume, By Hybrid, 2021-2031F |
6.1.4 Belgium Bicycles Market Revenues & Volume, By Road, 2021-2031F |
6.1.5 Belgium Bicycles Market Revenues & Volume, By Others, 2021-2031F |
6.2 Belgium Bicycles Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Belgium Bicycles Market Revenues & Volume, By Electric, 2021-2031F |
6.2.3 Belgium Bicycles Market Revenues & Volume, By Conventional, 2021-2031F |
6.3 Belgium Bicycles Market, By End-users |
6.3.1 Overview and Analysis |
6.3.2 Belgium Bicycles Market Revenues & Volume, By Men, 2021-2031F |
6.3.3 Belgium Bicycles Market Revenues & Volume, By Women, 2021-2031F |
6.3.4 Belgium Bicycles Market Revenues & Volume, By Kids, 2021-2031F |
7 Belgium Bicycles Market Import-Export Trade Statistics |
7.1 Belgium Bicycles Market Export to Major Countries |
7.2 Belgium Bicycles Market Imports from Major Countries |
8 Belgium Bicycles Market Key Performance Indicators |
8.1 Average distance covered per bicycle per day |
8.2 Number of cycling lanes and infrastructure improvements |
8.3 Percentage of population using bicycles as a primary mode of transportation |
8.4 Frequency of bicycle maintenance and repairs |
8.5 Participation rates in cycling events and initiatives |
9 Belgium Bicycles Market - Opportunity Assessment |
9.1 Belgium Bicycles Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Belgium Bicycles Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Belgium Bicycles Market Opportunity Assessment, By End-users, 2021 & 2031F |
10 Belgium Bicycles Market - Competitive Landscape |
10.1 Belgium Bicycles Market Revenue Share, By Companies, 2024 |
10.2 Belgium Bicycles 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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