The Bicycles and Motorcycles Parts and Accessories Market in China showed significant growth, reaching a value of 13.57 USD per capita in 2023. Over the last two years, from 2022 to 2023, the market experienced a year-on-year increase of 3.11% after a jump of 7.58% the previous year. The compound annual growth rate (CAGR) over the past five years, from 2018 to 2023, was around 3.68%, indicating steady growth in consumer spending per capita on these products.
Future trends to watch for include:
- Rising urbanization potentially boosting demand for personal transportation, including bicycles and motorcycles.
- Increasing interest in electric and sustainable transport solutions, driving demand for new types of parts and accessories.
- Innovation in product design and materials, enhancing demand with better performance and functionality.
| # | 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 | ||
| 17 | 17 Finland | 22.07 | 2023 | View data | ||
| 18 | 18 Greece | 18.9 | 2023 | View data | ||
| 19 | 19 China | 13.57 | 2023 | |||
| 20 | 20 Mexico | 10.41 | 2023 | View data | ||
| 21 | 21 Costa Rica | 9.27 | 2023 | View data | ||
