From 2013 to 2023, the US market for bicycle brakes and parts exhibited fluctuations in value per capita, declining overall from $0.85 in 2013 to $0.73 in 2023. Noteworthy year-on-year deviations include a steep decline of 6.33% from 2016 to 2017 and a subtle decline in 2023 by 1.35% compared to 2022. The average annual decrease (CAGR) from 2019 to 2023 was approximately 1.05%.
Future trends to watch include potential increases in market value driven by technological advancements in brake systems and growing environmental consciousness leading to higher bicycle sales. Monitoring policy shifts and consumer behavior towards sustainable transport will be pivotal.
