Between 2013 and 2023, the per capita market size value for Bicycle Pedals, Crank-Gear, and Parts in Belgium exhibited an overall growth, peaking around 2021 at $1.74. In 2023, this value stood at $1.68. A recent year-on-year analysis highlights a slight recovery from a dip in 2022 to 2023. Over the last five years, the compound annual growth rate (CAGR) shows a modest upward trend, indicating consistent market interest and consumer uptake.
Looking ahead, anticipated trends include increased demand for premium and custom cycling parts, driven by a booming cycling culture and heightened environmental awareness. Monitoring technological innovations and eco-friendly product developments will be crucial for market stakeholders.
| # | 17 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Austria | 3.28 | 2023 | View data | ||
| 2 | 2 Switzerland | 2.95 | 2023 | View data | ||
| 3 | 3 Italy | 2.58 | 2023 | View data | ||
| 4 | 4 France | 2.33 | 2023 | View data | ||
| 5 | 5 Norway | 2.1 | 2023 | View data | ||
| 6 | 6 New Zealand | 2.07 | 2023 | View data | ||
| 7 | 7 Belgium | 1.68 | 2023 | |||
| 8 | 8 Australia | 1.45 | 2023 | View data | ||
| 9 | 9 Canada | 1.15 | 2023 | View data | ||
