The Bicycles and Motorcycles Parts and Accessories Market in Norway witnessed fluctuating trends from 2012 to 2022, with values ranging between $271.32 million and $339.61 million. The market experienced significant declines in 2015 and 2016, with year-on-year drops of -15.84% and -1.38%, respectively. However, a modest recovery occurred in subsequent years, culminating in a value of $284.32 million in 2022. The compound annual growth rate over the last five years stands at -0.6%, indicating an overall contraction during this period.
Future trends to watch for:
- Increased interest in eco-friendly transportation may boost bicycle parts and accessories sales.
- Technological advancements in electric motorcycles could drive demand for innovative parts and accessories.
- Norway's focus on sustainable and healthy lifestyles could stimulate market expansion in both sectors.
| # | 34 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 19,036,000,000 | 2023 | +3.17% | +3.84% | View data |
| 2 | 2 Japan | 5,033,800,000 | 2023 | -4.63% | -4.83% | View data |
| 3 | 3 Italy | 4,449,600,000 | 2023 | +0.34% | +0.61% | View data |
| 4 | 4 India | 3,932,600,000 | 2023 | +2.22% | +2.55% | View data |
| 5 | 5 France | 3,497,300,000 | 2023 | +2.42% | +1.52% | View data |
| 15 | 15 Belgium | 331,360,000 | 2023 | -3.29% | -3.65% | View data |
| 16 | 16 Peru | 306,400,000 | 2023 | +1.53% | +1.95% | View data |
| 17 | 17 Norway | 268,990,000 | 2023 | -1.47% | -0.78% | |
| 18 | 18 Greece | 218,070,000 | 2023 | +5.05% | +6.71% | View data |
| 19 | 19 New Zealand | 191,210,000 | 2023 | +3.28% | +3.37% | View data |
