The South African market for bicycle pedals, crank-gear, and related parts experienced variability over the past decade with a reported market size of 12.304 million USD in 2023. Between 2013 and 2023, the market saw fluctuations, notably decreasing by 0.07% year-on-year in both 2022 and 2023. Over the last five years, the average compound annual growth rate hovered around 0.32%, indicating a steady but slow recovery from previous declines.
Future trends to watch for include potential growth driven by increased emphasis on eco-friendly transportation and cycling for health. Innovations in e-bike components might also positively influence the market's trajectory in coming years.
How does South Africa 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% | View data |
| 5 | 5 Canada | 45,216,000 | 2023 | -0.078% | -0.11% | View data |
| 10 | 10 Switzerland | 25,474,000 | 2023 | +2.6% | +2.54% | View data |
| 11 | 11 Belgium | 19,426,000 | 2023 | +0.9% | +1.75% | View data |
| 12 | 12 South Africa | 12,304,000 | 2023 | -0.073% | +0.32% | |
| 13 | 13 Norway | 11,917,000 | 2023 | +2.07% | +0.98% | View data |
| 14 | 14 New Zealand | 10,513,000 | 2023 | +3.16% | +2.34% | View data |
