The market for Bicycle Pedals, Crank-Gear, and Pedals and Crank-Gear Parts in Indonesia showed fluctuations from 2013 to 2023. In 2023, the market size stood at 80.135 million USD. After a decline from 2019-2020, the market rebounded, reflecting a 7.36% and 1.91% growth in 2021 and 2022, respectively. The compound annual growth rate (CAGR) over the last five years was 1.19%, revealing moderate growth stability.
Future trends to watch for include advancements in bicycle technology, increased environmental consciousness driving bicycle use, and potential shifts in consumer preferences towards e-bikes, influencing demand for parts.
How does Indonesia rank in Bicycle Pedals, Crank-Gear and Pedals and Crank-Gear Parts Market Size Value?
| # | 19 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 561,310,000 | 2023 | +0.95% | +0.71% | View data |
| 2 | 2 France | 155,390,000 | 2023 | +1.56% | +2.3% | View data |
| 3 | 3 Italy | 139,600,000 | 2023 | -3.78% | +1.22% | View data |
| 4 | 4 Indonesia | 80,135,000 | 2023 | +1.84% | +1.19% | |
| 5 | 5 Canada | 45,216,000 | 2023 | -0.078% | -0.11% | View data |
| 6 | 6 Poland | 41,189,000 | 2023 | +1.51% | +1.22% | View data |
