Europe Bicycle Lock Market Size was $480 Million in 2022

A bicycle lock is a security device used to prevent bike theft, which can be as simple as locking a wheel or securing the bike to an object such as a bike rack. In recent years, factors such as diversified distribution channels and product innovation and technology development have driven the continuous development of the bicycle lock market. 

Product type market segmentation analysis 

At present, the common types of bicycle locks on the market include U-lock, cable lock, chain lock, alarm lock, foldable lock and frame lock.  Data show that the market size of the Europe bicycle lock industry in 2022 is $480 million.  Among them, the U-lock market size was $163 million, occupying the share of 33.95%, being the largest market segment;  Followed by cable locks, the market size in 2022 was $97 million, accounting for 20.21% of the Europe bicycle lock market size;  The market size of chain lock, alarm lock, foldable lock and frame lock in 2022 was $74 million, $35 million, $62 million and $26 million, accounting for 15.42%, 7.29%, 12.92% and 5.42%, respectively. 

Europe Bicycle Lock Market Size and Market Share Statistics by Types in 2022

Types	Market Size(M USD)	Market Share(%)
U-Lock	163	33.95
Cable Lock	97	20.21
Chain Lock	74	15.42
Alarm Lock	35	7.29
Foldable Lock	62	12.92
Frame Lock	26	5.42
Others	23	4.79
Total	480	/

Source: www.globalmarketmonitor.com

Germany is the largest revenue market for bicycle locks in Europe 

Research shows that Germany was the largest revenue market for the bicycle lock industry in Europe.  Data show that in 2022, the German bicycle lock market size was $126 million, and the market share was 43.91%;  the French market accounted for 16.25% of the market size of $78 million, ranking second;  the UK ranked third in the Europe bicycle lock market with a market size of $63 million and a market share of 13.13%. 

European Bicycle Lock Market Size by Countries in 2022

Source: www.globalmarketmonitor.com