| Product Code: ETC4929172 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Lithuania`s bicycle import market saw steady growth in 2024, with top exporting countries being Poland, Other European nations, Estonia, Italy, and Germany. Despite the diverse sources, the market remains relatively unconcentrated with a low Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 stood at an impressive 9.11%, showcasing sustained expansion. Notably, the growth rate spiked in 2024 by 23.1%, indicating a surge in demand for imported bicycles in Lithuania. This data suggests a positive trend in the bicycle import market, driven by strong partnerships with key exporting countries.

Lithuania's Bicycle market is anticipated to experience a stable growth rate of 3.62% 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 Lithuania Bicycle Market Overview |
3.1 Lithuania Country Macro Economic Indicators |
3.2 Lithuania Bicycle Market Revenues & Volume, 2021 & 2031F |
3.3 Lithuania Bicycle Market - Industry Life Cycle |
3.4 Lithuania Bicycle Market - Porter's Five Forces |
3.5 Lithuania Bicycle Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Lithuania Bicycle Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.7 Lithuania Bicycle Market Revenues & Volume Share, By End-user, 2021 & 2031F |
3.8 Lithuania Bicycle Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Lithuania Bicycle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing focus on health and fitness leading to higher demand for bicycles |
4.2.2 Growing trend of eco-friendly transportation options |
4.2.3 Government initiatives to promote cycling as a sustainable mode of transport |
4.3 Market Restraints |
4.3.1 Seasonal variations affecting the demand for bicycles |
4.3.2 Limited infrastructure and facilities for cyclists in certain regions |
4.3.3 Competition from other modes of transportation such as cars and public transport |
5 Lithuania Bicycle Market Trends |
6 Lithuania Bicycle Market Segmentations |
6.1 Lithuania Bicycle Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Lithuania Bicycle Market Revenues & Volume, By Mountain Bikes, 2021-2031F |
6.1.3 Lithuania Bicycle Market Revenues & Volume, By Hybrid Bikes, 2021-2031F |
6.1.4 Lithuania Bicycle Market Revenues & Volume, By Road Bikes, 2021-2031F |
6.1.5 Lithuania Bicycle Market Revenues & Volume, By Cargo Bikes, 2021-2031F |
6.1.6 Lithuania Bicycle Market Revenues & Volume, By Others, 2021-2031F |
6.2 Lithuania Bicycle Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Lithuania Bicycle Market Revenues & Volume, By Electric, 2021-2031F |
6.2.3 Lithuania Bicycle Market Revenues & Volume, By Conventional, 2021-2031F |
6.3 Lithuania Bicycle Market, By End-user |
6.3.1 Overview and Analysis |
6.3.2 Lithuania Bicycle Market Revenues & Volume, By Men, 2021-2031F |
6.3.3 Lithuania Bicycle Market Revenues & Volume, By Women, 2021-2031F |
6.3.4 Lithuania Bicycle Market Revenues & Volume, By Kids, 2021-2031F |
6.4 Lithuania Bicycle Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Lithuania Bicycle Market Revenues & Volume, By Online, 2021-2031F |
6.4.3 Lithuania Bicycle Market Revenues & Volume, By Offline, 2021-2031F |
7 Lithuania Bicycle Market Import-Export Trade Statistics |
7.1 Lithuania Bicycle Market Export to Major Countries |
7.2 Lithuania Bicycle Market Imports from Major Countries |
8 Lithuania Bicycle Market Key Performance Indicators |
8.1 Percentage increase in the number of designated bike lanes and cycling infrastructure |
8.2 Average distance traveled by cyclists per month |
8.3 Number of participants in cycling events and competitions |
8.4 Percentage of population using bicycles as a primary mode of transportation |
8.5 Average daily rental rates for bicycles in popular tourist areas |
9 Lithuania Bicycle Market - Opportunity Assessment |
9.1 Lithuania Bicycle Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Lithuania Bicycle Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.3 Lithuania Bicycle Market Opportunity Assessment, By End-user, 2021 & 2031F |
9.4 Lithuania Bicycle Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Lithuania Bicycle Market - Competitive Landscape |
10.1 Lithuania Bicycle Market Revenue Share, By Companies, 2024 |
10.2 Lithuania Bicycle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |