From 2013 to 2023, the market size value per capita for Bicycle Pedals, Crank-Gear, and Parts in Mexico decreased from $0.37 to $0.25 USD. Between 2022 and 2023, the value remained steady at $0.25 USD, showing no year-on-year change. Over the last five years, from 2018 to 2023, the compound annual growth rate (CAGR) indicates a decline, reflecting a reduction trend in market value.
Future trends to watch:
- Potential influence of increasing bicycle adoption for eco-friendly transportation.
- Impact of economic recovery on consumer spending.
- Advancements in technology leading to new product developments.
| # | 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 | ||
| 12 | 12 Croatia | 0.47 | 2023 | View data | ||
| 13 | 13 Indonesia | 0.29 | 2023 | View data | ||
| 14 | 14 Mexico | 0.25 | 2023 | |||
| 15 | 15 Honduras | 0.17 | 2023 | View data | ||
| 16 | 16 Thailand | 0.12 | 2023 | View data | ||
