The Bicycle Brakes and Bicycle Brakes Parts Market in India showed a gradual growth over the past decade, with values rising from 0.032 USD per capita in 2013 to 0.075 USD per capita by 2023. The market experienced a notable drop in 2022 but rebounded slightly in 2023.
The year-on-year growth between 2021 and 2022 saw a -2.7% decrease, while 2022 to 2023 exhibited a 4.2% increase. The compound annual growth rate (CAGR) from 2018 to 2023 was approximately 3.93%.
Future trends to watch include increased urbanization and environmental awareness promoting cycling, coupled with potential advancements in brake technology and enhanced durability that could drive market expansion.
| # | 23 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 6.21 | 2023 | View data | ||
| 2 | 2 France | 2.6 | 2023 | View data | ||
| 3 | 3 Italy | 1.94 | 2023 | View data | ||
| 4 | 4 Poland | 1.88 | 2023 | View data | ||
| 5 | 5 Slovakia | 1.64 | 2023 | View data | ||
| 20 | 20 South Africa | 0.15 | 2023 | View data | ||
| 21 | 21 Uganda | 0.095 | 2023 | View data | ||
| 22 | 22 India | 0.075 | 2023 | |||
| 23 | 23 Bosnia and Herzegovina | 0.075 | 2023 | View data | ||
