The Bicycles and Motorcycles Parts and Accessories Market in Peru has shown significant growth, with the value per capita increasing from $7.25 in 2013 to $9.26 in 2023. The period between 2013 and 2019 saw a steady upward trend, slightly declining in 2020 due to the global pandemic, followed by a strong recovery from 2021 onwards. Year-on-year growth from 2022 to 2023 was approximately 1%, demonstrating continued positive momentum. Over the past five years, the market experienced a compound annual growth rate (CAGR) of around 1.5%, indicating a sustainable upward trajectory.
Future trends to watch in the Peruvian market include the increasing adoption of e-bikes and electric motorcycles, driven by growing environmental awareness and urban mobility solutions. Enhanced customization options and technological advancements are expected to fuel the demand for parts and accessories. Moreover, favorable government incentives could further boost market growth in the coming years.
| # | 34 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 80.88 | 2023 | View data | ||
| 2 | 2 Italy | 73.33 | 2023 | View data | ||
| 3 | 3 Denmark | 57.35 | 2023 | View data | ||
| 4 | 4 France | 52.93 | 2023 | View data | ||
| 5 | 5 Spain | 49.26 | 2023 | View data | ||
| 20 | 20 Mexico | 10.41 | 2023 | View data | ||
| 21 | 21 Costa Rica | 9.27 | 2023 | View data | ||
| 22 | 22 Peru | 9.26 | 2023 | |||
| 23 | 23 Guatemala | 9.12 | 2023 | View data | ||
| 24 | 24 Paraguay | 8.02 | 2023 | View data | ||
