The non-electric bicycle market size in Malaysia has experienced fluctuations from 2012 to 2022. Substantial decreases were observed in 2013, 2015, and 2016 with the steepest decline of 10.5% in 2016. Subsequent years showed mixed trends with minor year-on-year variations. Notably, the market continued to decline by approximately 1% annually from 2019 to 2022, reflecting a CAGR of -1.37% over the last five years. As of 2023, the market stands close to 105 million USD.
Future trends to watch for include:
- A potential rise in demand for eco-friendly transportation methods
- Increased interest in outdoor activities post-pandemic
- Government initiatives to promote cycling infrastructure and awareness
How does Malaysia 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 |
| 18 | 18 Israel | 141,010,000 | 2023 | +1.15% | +1.31% | View data |
| 19 | 19 Romania | 119,480,000 | 2023 | +4.5% | +2.39% | View data |
| 20 | 20 Malaysia | 104,570,000 | 2023 | -1.03% | -0.99% | |
| 21 | 21 Ireland | 67,044,000 | 2023 | -0.33% | -0.21% | View data |
| 22 | 22 Croatia | 64,567,000 | 2023 | +1.32% | +2.18% | View data |
