In Norway, the market for bicycle pedals, crank-gear, and related parts showed fluctuations from 2013 to 2023, with values reaching 11.917 million USD in 2023. The market experienced slight declines in the mid-2010s, followed by stabilization and moderate growth in recent years, as evidenced by a 2.07% year-on-year increase from 2022 to 2023 and a CAGR of 0.98% over the past five years.
Future Trends to Watch For:
- Continued growth driven by increased bicycling interest for health and environmental reasons.
- Potential market expansion due to technological advancements in bicycle components.
- Possible impacts from global supply chain changes and environmental policies.
How does Norway rank in Bicycle Pedals, Crank-Gear and Pedals and Crank-Gear Parts Market Size Value?
| # | 19 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 561,310,000 | 2023 | +0.95% | +0.71% | View data |
| 2 | 2 France | 155,390,000 | 2023 | +1.56% | +2.3% | View data |
| 3 | 3 Italy | 139,600,000 | 2023 | -3.78% | +1.22% | View data |
| 4 | 4 Indonesia | 80,135,000 | 2023 | +1.84% | +1.19% | View data |
| 5 | 5 Canada | 45,216,000 | 2023 | -0.078% | -0.11% | View data |
| 11 | 11 Belgium | 19,426,000 | 2023 | +0.9% | +1.75% | View data |
| 12 | 12 South Africa | 12,304,000 | 2023 | -0.073% | +0.32% | View data |
| 13 | 13 Norway | 11,917,000 | 2023 | +2.07% | +0.98% | |
| 14 | 14 New Zealand | 10,513,000 | 2023 | +3.16% | +2.34% | View data |
| 15 | 15 Thailand | 8,654,500 | 2023 | -2.03% | -0.69% | View data |
