Between 2013 and 2023, the market size for non-electric bicycles in Finland decreased from $184.57 million to $153.46 million. The year-on-year decrease in 2023 was -1.28%, and the Compound Annual Growth Rate (CAGR) over the last five years stood at -1.29%. This trend reflects a consistent downtrend, with the market contracting at a steady pace.
From 2024 onwards, the forecast indicates a continued decline, with the market expected to reach $143.1 million by 2028. The forecasted CAGR over these five years is -1.11%, suggesting a gradual but consistent market contraction.
Future trends to watch include the potential impact of economic factors, changes in consumer preferences towards electric bicycles, and any policy changes promoting eco-friendly transportation which could further influence market dynamics.
