The non-electric bicycle market in Israel stood at a value of USD 141.01 million in 2023, showing a modest but steady growth over the past decade. From 2013 to 2023, the market fluctuated, with the lowest point in 2015 and significant recovery peaking in 2017. The last two years indicate limited growth, with year-on-year variations of 1.19% in 2022 and 1.15% in 2023, signaling stability. The compound annual growth rate (CAGR) over the last five years is relatively low at 1.31%, indicating incremental but consistent growth.
Future trends to watch for include:
- Increased adoption of sustainable and green transportation solutions.
- Potential market shifts due to innovations in non-electric bicycle design and materials.
- Influence of health and fitness trends on bicycle usage.
- Government policies and infrastructure improvements promoting cycling.
How does Israel 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 |
| 16 | 16 Colombia | 330,460,000 | 2023 | +4.69% | +4.5% | View data |
| 17 | 17 Belgium | 298,050,000 | 2023 | +0.64% | +1.11% | View data |
| 18 | 18 Israel | 141,010,000 | 2023 | +1.15% | +1.31% | |
| 19 | 19 Romania | 119,480,000 | 2023 | +4.5% | +2.39% | View data |
| 20 | 20 Malaysia | 104,570,000 | 2023 | -1.03% | -0.99% | View data |
