The non-electric bicycle market in Canada experienced fluctuating growth between 2012 and 2022 with a notable dip in 2016. In 2023, the market size stood at 910.94 Million USD, showing a gradual recovery from the decrease in 2016. The year-on-year variations indicate periods of both decline and growth, while the CAGR over the last five years shows a slight positive trend at around 2.02%. The most significant year-on-year growth was in 2019, at 6%, whereas 2016 experienced the sharpest decline at -12.67%.
Future trends to watch for include the rising consumer preference for sustainable transportation, increased urban cycling infrastructure, and potential growth opportunities in the sports and leisure cycling segments. Continued health and environmental focus could drive market growth, while innovation in bike materials and designs could offer new market avenues.
How does Canada rank in Bicycles (Non Electric) Market Size Value?
| # | 35 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 10,808,000,000 | 2023 | +0.63% | +0.14% | View data |
| 2 | 2 China | 9,611,600,000 | 2023 | +3.86% | +4.78% | View data |
| 3 | 3 Japan | 2,612,000,000 | 2023 | -7.72% | -6.26% | View data |
| 4 | 4 Germany | 2,427,700,000 | 2023 | +0.54% | +0.24% | View data |
| 5 | 5 United Kingdom | 1,760,700,000 | 2023 | -3.17% | -0.95% | View data |
| 7 | 7 Netherlands | 1,022,100,000 | 2023 | +1.76% | +1.03% | View data |
| 8 | 8 Australia | 921,790,000 | 2023 | -0.97% | -1.65% | View data |
| 9 | 9 Canada | 915,940,000 | 2023 | +0.55% | +1.22% | |
| 10 | 10 Italy | 910,140,000 | 2023 | +2.9% | -0.3% | View data |
| 11 | 11 Spain | 856,120,000 | 2023 | -3.77% | -3.81% | View data |
