The Bicycle Brakes and Bicycle Brakes Parts market value per capita in Mexico has demonstrated a steady decline from 2013 to 2023, reaching $0.17 in 2023. From 2022 to 2023, the market remained stable, showing no year-on-year variation. Over the past five years, the market experienced a compound annual growth rate (CAGR) of approximately -2.6%, reflecting a consistent downward trend. The substantial decrease from 2018 to 2020 highlights a period of particularly sharp decline.
Future Trends to Watch:
- Emerging technologies for durable, cost-effective brake solutions
- Increasing environmental concerns driving demand for bicycles
- Government initiatives promoting cycling infrastructure
- Growing urbanization and interest in personal mobility options
| # | 23 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 6.21 | 2023 | View data | ||
| 2 | 2 France | 2.6 | 2023 | View data | ||
| 3 | 3 Italy | 1.94 | 2023 | View data | ||
| 4 | 4 Poland | 1.88 | 2023 | View data | ||
| 5 | 5 Slovakia | 1.64 | 2023 | View data | ||
| 17 | 17 El Salvador | 0.29 | 2023 | View data | ||
| 18 | 18 Croatia | 0.26 | 2023 | View data | ||
| 19 | 19 Mexico | 0.17 | 2023 | |||
| 20 | 20 South Africa | 0.15 | 2023 | View data | ||
| 21 | 21 Uganda | 0.095 | 2023 | View data | ||
