As the seventh-largest maker of bicycles in Europe, Hungary generates 3% of total bicycle production on the continent.
MKKSZ data show that Hungarians pay on average HUF 80,000 for a bicycle, although association members generally distribute higher-priced products.
Following trends in Europe, a new driving force for the domestic industry could be electric, pedal-assisted bikes, so-called pedelecs, tozsdeforum.hu added.
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