The pandemic “leads to a 22% increase in bicycle sales”
The pandemic has triggered an estimated 22% increase in bicycle sales in the UK after several years of stagnation, figures show.
The number of bikes sold reached around 3.3 million, up from 2.7 million in 2019, according to analysts at Mintel.
More than a fifth of cyclists (21%) bought a bicycle for themselves in the past 12 months, up from 17% from the previous year, while those who intend to buy a bicycle next year went from 37% in 2020 to 42%.
A quarter of adults (25%) who bought a bike in the past year were either new, novice cyclists or people who rode a bike in the past and jumped back into the saddle during the pandemic.
Overall, just under a third of adults (31%) in Britain currently cycle and around a fifth (19%) of all Britons cycle at least once a week.
Meanwhile, the value of the bicycle market has increased by around 44% to almost £ 1.2bn in 2020, from £ 825m in 2019, as demand and demand increase. Global supply constraints have driven up average prices and made bicycles one of the most sought after UK consumer items of 2020.
Mintel Senior Analyst John Worthington said: “Cycling has been one of the big winners in the upheavals of the past year.
“The perfect set of circumstances for bicycle sales created by the pandemic is likely to be a one-time ‘black swan’ event. However, there is now a solid platform for sustained growth, provided the industry can handle the supply chain challenges that were the main thrust of the wheel during the recent cycling boom. “
Mountain bikes remain the most popular type of adult bike, with one in three (33%) riders currently owning one.
However, e-bike ownership has increased steadily, from 7% in 2020 to 9% in 2021. Although around 170,000 e-bikes were sold in 2020 – a 70% increase – they still represent just one bicycle out of 20 bought in UK. . However, they already account for around 23% of all cycling spending.
Mintel’s figures come as surging e-bike and scooter sales, up 94%, helped Halfords grow their annual profits by 72%.
Harris Qureshi, partner of e-bike company Mate Bike UK, said: “Demand has grown unreal as the warmer months approach. It seems people are thinking ahead of time about how they might spend their summer, or are considering taking a different approach to returning to the office. As a result, orders have skyrocketed and we have pre-sold 50% of a new bike that will land in July.
“We took the gamble and pre-ordered a lot of inventory and parts last year, we worked hard on our supply chain and warehousing and I’m delighted to have made this investment. At the end of the day, that means we can fulfill all of our orders, without keeping customers waiting. “