The per capita market size for bicycle brakes and parts in India is projected to grow steadily from $0.077 in 2024 to $0.086 by 2028. Based on the data, a year-on-year increase is expected, moving from 3.9% between 2024 and 2025, to 2.5% by 2028. This indicates a positive market sentiment and gradual adoption of cycling products. With a 5-year CAGR standing at approximately 2.8%, the market shows moderate expansion potential.
Future trends to watch include an increase in urban cycling initiatives and enhancements in brake technology. The shift towards sustainable transportation in urban areas may boost demand further.
