The Bicycles and Motorcycles Parts and Accessories market in Iceland has seen substantial growth from 2013 to 2023, with a per capita value increase from $14.14 to $39.29. The market experienced a slight dip in 2019, followed by a steady recovery and growth through 2023. The year-on-year increases for the last two years are approximately 4.8% from 2022 to 2023 and 4.3% from 2021 to 2022. The compound annual growth rate (CAGR) over the last five years stands at 4.7%, indicating consistent upward momentum.
Future trends to watch include:
- The impact of sustainability and eco-friendly transportation on parts and accessory demand.
- Technology integration, such as smart accessories and connected devices.
- The potential influence of economic factors on discretionary spending in the market.
| # | 34 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 80.88 | 2023 | View data | ||
| 2 | 2 Italy | 73.33 | 2023 | View data | ||
| 3 | 3 Denmark | 57.35 | 2023 | View data | ||
| 4 | 4 France | 52.93 | 2023 | View data | ||
| 5 | 5 Spain | 49.26 | 2023 | View data | ||
| 7 | 7 Norway | 47.77 | 2023 | View data | ||
| 8 | 8 Sweden | 43.46 | 2023 | View data | ||
| 9 | 9 Iceland | 39.29 | 2023 | |||
| 10 | 10 New Zealand | 36.62 | 2023 | View data | ||
| 11 | 11 Belgium | 32.84 | 2023 | View data | ||
