In 2023, the bicycle wheel rims and spokes market in the US stood at approximately $0.73 per capita. The forecasted data for 2024 to 2028 indicates a gradual decline, with per capita values slightly decreasing each year. From 2024 to 2028, the market is expected to see annual decreases between 1.39% and 1.45%. The compound annual growth rate (CAGR) over this five-year period reflects a consistent downward trend, averaging around -1.37% per year.

Future trends to watch:

Potential market growth through technological innovations in lightweight materials.
The impact of increasing interest in sustainable and environmentally friendly transportation options.
Changes in consumer preferences and lifestyle choices, favoring biking as a form of exercise and commute.