The market size value per capita for bicycle frames, forks, and parts in Norway has seen a variable trend from 2013, with a significant decline since 2013, starting at $2.2 and decreasing steadily to $1.5 in 2023. From 2022 to 2023, there was a year-on-year decrease of approximately 3.2%. Over the last five years, the compound annual growth rate (CAGR) has been a decline of 4% on average. This reflects a shrinking market, influenced by changing consumer preferences or economic factors.
Future trends to watch for include shifts towards sustainable transportation options, potential technological advancements in bicycle materials and components, and the impact of environmental policies promoting cycling over other forms of transportation.
| # | 14 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 7.76 | 2023 | View data | ||
| 2 | 2 Spain | 5.32 | 2023 | View data | ||
| 3 | 3 Poland | 4.69 | 2023 | View data | ||
| 4 | 4 France | 4.42 | 2023 | View data | ||
| 5 | 5 United Kingdom | 3.42 | 2023 | View data | ||
| 9 | 9 Canada | 1.7 | 2023 | View data | ||
| 10 | 10 Australia | 1.6 | 2023 | View data | ||
| 11 | 11 Norway | 1.5 | 2023 | |||
| 12 | 12 Guatemala | 0.67 | 2023 | View data | ||
| 13 | 13 Mexico | 0.63 | 2023 | View data | ||
