The non-electric bicycles market in Switzerland has shown mild volatility between 2012 to 2022, with fluctuating growth rates. The market saw a general decline from 2015 onwards, dipping from $462.03 million to $435.89 million by 2022, although it experienced a brief resurgence in 2019. Particularly, the year 2019 marked a positive blip with a 5.4% increase, the highest annual growth in recent years. The overall compound annual growth rate (CAGR) over the last five years has been negative at -0.19%, reflecting a slight yet consistent annual decline.
Future trends to watch for include potential market stabilization or recovery driven by increased emphasis on healthy lifestyles and eco-friendly transportation amid growing environmental concerns. Additionally, the rise in leisure activities, tourism, and investment in cycling infrastructure could support a steady demand for non-electric bicycles.
How does Switzerland 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 |
| 12 | 12 South Korea | 557,040,000 | 2023 | +1.35% | +4.56% | View data |
| 13 | 13 Austria | 528,380,000 | 2023 | +2.03% | +1.24% | View data |
| 14 | 14 Switzerland | 434,520,000 | 2023 | -0.32% | +0.52% | |
| 15 | 15 Sweden | 343,980,000 | 2023 | +0.61% | +0.1% | View data |
| 16 | 16 Colombia | 330,460,000 | 2023 | +4.69% | +4.5% | View data |
